$167M in AXS Unlocking on April 17 โ Is a Drop Below $2 Coming? ๐๐
Axie Infinity ($AXS ) is at a key inflection point โ 14.8 million tokens (~$167.4M) are set to unlock on April 17, 2025. This could spark major price moves, and youโll want to be ready. Letโs break it down โ and what you, the savvy retail investor, should be thinking.
๐ Unlock Breakdown:
Date: April 17, 2025
Amount: 14.8M AXS
Estimated Value: ~$167.4M
Current Price (Apr 14): ~$2.32
โ ๏ธ Why This Matters:
Large unlocks = potential sell pressure, especially if early backers or team wallets offload. Historically, this has led to short-term dips.
Supply Spike = Bearish Pressure
๐ Key Price Levels:
Support: $2.00 โ critical zone to hold
Resistance:
$2.50 โ first major test
$2.70โ$2.80 โ heavy resistance/sell zone
๐ง Retail Strategy โ What Should You Do?
If Youโre Holding:
Set a stop-loss slightly below $2.00
Take partial profits around $2.50โ$2.70
Stay calm โ short-term volatility doesnโt define long-term value
If Youโre Eyeing the Dip:
Watch the $2.00 area closely โ key bounce potential
Best entry zone: $2.00โ$2.10, but only if volume supports a recovery
If You Plan to Sell:
Consider exiting before April 17 if you're short-term focused
Look for strength near $2.50โ$2.70 for better exits
๐งฎ What Could Happen?
Whale Selling: Likely drop below $2.00
Bullish Sentiment Holds: Short-term dip โ bounce at support โ potential range play
๐ Final Word:
This unlock could be a classic "buy-the-dip" moment โ or a "sell-the-news" drop. It all depends on market reaction.
Stay sharp. Trade the facts. Watch the chart โ not your emotions.
Whatโs your move on $AXS ? Bullish or Bearish? Share your take below!
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