# Axie Infinity token jumps 14% as 5 million AXS unlocks increase supply

**Published:** 2026-06-23T13:45:42.609Z  
**Topic:** Axie Infinity  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/220727ad-eedd-4f7c-abd9-22074dafefd5

Axie Infinity (AXS) rises 14% in 24 hours while a token unlock adds 5 million AXS, lifting circulating supply to 66.15%. See the price impact and upcoming

Axie Infinity’s governance token AXS surged 14% in the last 24 hours, reaching a price of about $48.80, even as a scheduled token unlock added roughly 5 million new coins and pushed the circulating supply from 64.34% to 66.15% of the total [2].

| At a glance | |
|---|---|
| Price | ~$48.80 |
| 24‑h change | +14% |
| Weekly change | +37% |
| Catalyst | 5 M‑token unlock raising circulation to 66.15% |

## Token unlock drives the move  
The unlock, slated for today, increased the on‑chain supply of AXS by about 5 million tokens, a modest rise compared with the previous supply level but enough to lift the circulating share by nearly 2 percentage points. Conventional market logic would suggest a price dip when new tokens appear, yet the opposite occurred, likely buoyed by the ongoing “Epic Era” two‑week event that offers a 33,600‑token prize pool to players [2]. The event may be attracting speculative buying despite the broader decline in active monthly users, which have fallen to roughly 432,000—the lowest since September 2020 [2].

## Broader market context  
AXS’s recent performance builds on a historic rally that saw the token climb more than 30,000% year‑to‑date in 2021, delivering a 300‑fold return for early‑year holders [1]. The game’s marketplace also crossed a $4 billion lifetime sales milestone, ranking third among NFT collections behind OpenSea and LookRare [3]. While the token’s price has fluctuated between $1.11 and $165.37 over the past year, the current $48.80 level sits near the upper half of that range [3]. The combination of a sizable sales volume, ongoing staking incentives, and the new Katana decentralized exchange adds layers of utility that may sustain demand even as supply expands [1].

## Upcoming supply pressure  
The next scheduled unlock, larger than today’s, is set for April 23 and will raise circulating supply from 66.15% to 73.28% [2]. Such a jump will require a significant increase in demand to offset the dilution effect, especially given the modest user base and recent downward trend in active players.

## What to watch
- **April 23 unlock** – monitor price reaction as circulating supply is expected to jump to 73.28% of total AXS.  
- **Epic Era event** – track participation and token payouts, which could influence short‑term buying pressure.  
- **Key support/resistance** – $45.00 may act as near‑term support; $55.00 could serve as resistance based on recent price swings.

The 14% rally amid a supply increase highlights the complex interplay between tokenomics and game‑driven incentives in Axie Infinity. Whether upcoming unlocks can be absorbed without a price correction will depend on the platform’s ability to grow its active player base and sustain on‑chain demand.

## Sources
1. The Motley Fool — [3 Reasons to Buy Axie Infinity](https://www.fool.com/investing/2021/12/15/3-reasons-to-buy-axie-infinity/)
2. The Motley Fool — [Axie Infinity Tokens Keep Going Up Ahead of Token Unlock Today](https://www.fool.com/investing/2023/01/23/axie-infinity-tokens-going-up-ahead-token-unlock/)
3. Benzinga.com — [Axie Infinity Passes $4B In Lifetime Sales: Here's Why That's Important](https://www.benzinga.com/markets/cryptocurrency/22/02/25760751/axie-infinity-passes-4b-in-lifetime-sales-heres-why-thats-important)
4. Business Insider — [Axie Infinity took the Philippines by storm and is now grappling with a $625 million hack. Here's what's it like to play the game that made people rich — and why its ...](https://www.businessinsider.com/axie-infinity-review-walkthrough-metaverse-how-to-play-earn-strategy-2022-4)

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Cite as: TrendWatcher, "Axie Infinity token jumps 14% as 5 million AXS unlocks increase supply", https://www.trendwatcher.in/article/220727ad-eedd-4f7c-abd9-22074dafefd5