Unlocking the Crypto Vault: What You Need to Know! 💰🚀

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In the vast and tumultuous sea of the crypto market, token unlocks emerge like ships on the horizon, promising both fortune and folly. These events, where locked coins are set free, stir the waters of liquidity, price volatility, and the ever-fickle investor sentiment.

This week, three notable projects—Axie Infinity (AXS), Jito Labs (JTO), and Xave (XAV)—are ready to unleash their previously shackled tokens into the wild. Buckle up, folks, because here’s the lowdown on what’s about to unfold.

1. Axie Infinity (AXS)

  • Unlock Date: April 12
  • Number of Tokens to be Unlocked: 10.72 Million AXS (3.97% of Total Supply)
  • Current Circulating Supply: 160.159 Million AXS
  • Total Supply: 270 Million AXS

Ah, Axie Infinity, the blockchain game where digital creatures, affectionately known as Axies, frolic in a world reminiscent of PokĂŠmon. This delightful pet-centric game weaves together the threads of blockchain, NFTs, and ERC-20 tokens, allowing players to collect, battle, and trade their unique critters in a virtual playground.

On April 12, a bounty of 10.72 million AXS tokens, worth a staggering $29 million, will be released. Most of these tokens will be doled out as rewards for staking and, of course, to the team—because who doesn’t love a little self-rewarding? 😏

2. Jito Labs (JTO)

  • Unlock Date: April 7
  • Number of Tokens to be Unlocked: 11.31 Million JTO (1.13% of Total Supply)
  • Current Circulating Supply: 313.37 Million JTO
  • Total Supply: 1 Billion JTO

Jito, the liquid staking service on Solana, is like that friend who always has the best snacks at the party. On April 7, they’ll unlock 11.3 million tokens, currently valued at around $20 million. These tokens will primarily fuel ecosystem development, core contributors, and community growth—because sharing is caring, right? And let’s not forget the 10% earmarked for airdrops, because who doesn’t love free stuff? 🎉

3. Xave (XAV)

  • Unlock Date: April 11
  • Number of Tokens to be Unlocked: 313.29 Million XAV (3.13% of Total Supply)
  • Total Supply: 10 Billion XAV

Xave, the DeFi platform that dances on the edge of decentralized foreign exchange markets, is set to unlock over 313 million XAV tokens on April 11. This represents just over 3% of the total supply, and the distribution will primarily benefit the team, investors, and the treasury. It’s like a game of musical chairs, but with a lot more zeros involved! 💸

And let’s not forget the other notable token unlocks this week, including Delysium (AGI), Parcl (PRCL), and Circular Protocol (CIRX). Keep your eyes peeled, folks; the crypto world is always full of surprises!

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2025-04-06 19:06