Research by analysts at Kaiko, the leading provider of data on the crypto market, has led to interesting results for The Sandbox (SAND), Axie Infinity (ASX) and DYDX in particular. Specifically, ASX, the native token of the Axie Infinity gaming platform, increased by more than 100% from its “token unlock,” which saw 1.8% of the total token supply flood the market. SAND, on the other hand, The Sandbox’s native token, is rallying toward a 12% supply unlock in three weeks. Unlocks are typically bearish catalysts for the price of a token, so Kaiko’s research team examines what happened, with aGo to Source
Author: coinmaker