Token unlocking plays a crucial role in the cryptocurrency market, affecting liquidity, price fluctuations, and investor sentiments. This week, three major projects, Axie Infinity (AXS), Jetfu (JTO), and Zavi (XAV), are set to unlock their locked tokens. Axie Infinity, a blockchain game based on creatures called ‘Axies,’ offers a blend of blockchain technology, NFTs, and ERC-20 tokens. On April 12, approximately 10.72 million AXS tokens worth around $29 million will be unlocked. Jetfu, a staking service on the Solana blockchain, distributes MEV rewards among holders. On April 7, 11.3 million JTO tokens worth about $20 million will be unlocked. Most of these tokens are allocated to ecosystem development, key contributors, and community growth, with 10% reserved for airdrops. Zavi, a DeFi platform for decentralized FX markets, enhances the liquidity of stablecoins through its automated market maker (AMM) model. On April 11, over 313 million XAV tokens (more than 3% of the total supply) will be unlocked, mainly belonging to the team, investors, and project treasury. Additionally, projects like Delicium (AGI), Parsel (PRCL), and Circular Protocol (CIRX) will also hold their token unlocking events this week. Visit the live digital asset price page to monitor the prices of all tokens and cryptocurrencies in real-time.
