AXS chart
First Mover Americas: Axie Infinity's Token Takes Off
The latest price moves in crypto markets in context for Dec. 5, 2022.
AXS chart

axie-infinity
Crypto Game Axie's AXS Tokens Get Unlocked, Recipients Send $5.7M Worth to Exchanges
Axie Infinity released the first batch of 10 million previously restricted tokens to early investors and insiders, blockchain data shows. Crypto asset management firm Arca already deposited freshly-claimed AXS tokens to the FTX exchange – a move that sometimes indicates an inclination to dump.
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CDCROP: AI Artwork Vietnam and Axie Infinity (Midjourney/CoinDesk)
Southeast Asia Leads the World in Crypto Adoption, Propelled by Play-to-Earn Gaming: Chainalysis
Games like Axie Infinity and cross-border crypto transfer applications push “lower middle income” nations to global leadership in crypto adoption.
CDCROP: AI Artwork Vietnam and Axie Infinity (Midjourney/CoinDesk)

CDCROP: AI Artwork Charts Graphs Indicies Market (Midjourney/CoinDesk)
Market Wrap: Bitcoin, Ether Continue Their Sideways Moves as the World Twists and Turns
Inflation remains stubbornly high, the global economy is stuttering and the U.K. can’t find a decent leader. But bitcoin keeps purring above $19K.
CDCROP: AI Artwork Charts Graphs Indicies Market (Midjourney/CoinDesk)

CDCROP: Man sitting at laptop computer holding smartphone checking charts stocks (Jason Briscoe/Unsplash)
Smart Money Eyes Market-Neutral Trades as ADA, AXS See Unusually Low Funding Rates
Traders can purchase ADA perpetual contracts and simultaneously sell ADA tokens in the spot market to safely pocket the funding rate, one expert said.
CDCROP: Man sitting at laptop computer holding smartphone checking charts stocks (Jason Briscoe/Unsplash)

Axie Infinity reached a record-high of $2.5 billion in trading volume in September 2021 (AxieInfinity.com)
Market Wrap: Bitcoin Dull as Drama (Not the Kind You Want) Comes to Axie
Bitcoin trades flat around $19K (with the lowest volatility in two years), while Axie tumbles amid news of token unlocking. PLUS: Analyst Glenn Williams Jr. urges caution when interpreting bitcoin’s MVRV Z-score.
Axie Infinity reached a record-high of $2.5 billion in trading volume in September 2021 (AxieInfinity.com)

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Crypto Gaming Token AXS Under Pressure as $215M Unlock Looms for Axie
Some 10 million of Axie’s AXS tokens owned by insiders and early investors will be unlocked soon, creating selling pressure. AXS price has dropped following prior unlocking.
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Opinionated 4:3
Axie Infinity’s Rise, Fall and Future
Is crypto still bullish on play-to-earn?
Opinionated 4:3

Michael Gronager Chainalysis
US Government Recovers $30M From Crypto Game Axie Infinity Hack
Hackers stole over $600 million from Axie earlier this year.
Michael Gronager Chainalysis

Axie Infinity denies any allegations of wrongdoing (AxieInfinity.com)
Sky Mavis Denies Wrongdoing After YouTube Sleuth Links Unusual Transaction to Company’s CEO: Report
About $3 million worth of AXS tokens were moved from CEO Trung Nguyen’s wallet on Axie’s Ronin blockchain to crypto exchange Binance hours before the announcement of an exploit.
Axie Infinity denies any allegations of wrongdoing (AxieInfinity.com)