TOP 3 tokens facing a large unlocking event amidst the plummeting market

Token unlock events are always significant milestones in the cryptocurrency market, directly affecting liquidity, price volatility, and investor sentiment. This is the time when coins or tokens that were previously locked are released, becoming available for trading on the open market, which can create significant waves in supply and demand.

This week, three notable projects including Axie Infinity (AXS), Jito Labs (JTO), and Xave (XAV) are set to release a large amount of tokens into the market. Below are important details that investors should not overlook.

1. Axie Infinity (AXS)

• Unlock date: April 12
• The number of tokens unlocked: 10.72 million AXS (equivalent to 3.97% of the total supply)
• Current circulating supply: 160,159 million AXS
• Total supply: 270 million AXS

Axie Infinity is one of the most prominent blockchain games today, where players collect and battle with digital creatures called Axie – often likened to the Web3 version of Pokémon. This pet-inspired game seamlessly integrates advanced technological elements such as blockchain, NFTs, and ERC-20 standard tokens, creating a vibrant virtual world where players can own, trade, and develop unique Axie.

On April 12th, Axie Infinity will unlock 10.72 million AXS tokens – equivalent to about 29 million USD at current prices. Most of these tokens are expected to be allocated to the staking program and the project's development team, in order to continue promoting the sustainable development of the gaming ecosystem.

Axie Infinity unlocks AXS token | Source: Cryptorank## 2. Jito Labs (JTO)

• Unlock date: April 7
• Amount of tokens unlocked: 11.31 million JTO (, 11.13% of total supply )
• Current circulating supply: 313.37 million JTO
• Total supply: 1 billion JTO

Jito, a leading liquidity staking platform on Solana, offers users the opportunity to earn MEV (Maximum Extractable Value) rewards through holding tokens. On April 7th, the project will unlock 11.3 million JTO tokens, equivalent to about 20 million USD.

The majority of these tokens will be allocated for strategic activities such as ecosystem development, supporting core contributions, and expanding the community. Additionally, 10% of the unlocked tokens will be reserved for airdrop programs to encourage participation and spread within the user community.

Jito unlocks token JTO | Source: Cryptorank## 3. Xave (XAV)

• Unlock date: April 11
• Number of tokens unlocked: 313.29 million XAV (3,13% of total supply)
• Total supply: 10 billion XAV

Xave is a leading decentralized finance platform (DeFi) in building a decentralized foreign exchange market (decentralized FX). The project aims to improve liquidity for stablecoins through an automated market-making model (AMM).

On April 11th, Xave will unlock more than 313 million XAV tokens, accounting for over 3% of the total supply. The majority of this token amount will be allocated to the development team, strategic investors, and the project's reserve fund.

Unlock XVA token | Source: Cryptorank

You can check the coin price here.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do thorough research before making decisions. We are not responsible for your investment decisions.

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