There’s additionally a classy buying and selling factor to the worth enhance. Traditionally, within the instances of the IMX and APE tokens late final yr, token unlocks triggered a interval of draw back worth motion. This prompted merchants to quick the tokens earlier than the occasion, however based mostly on the current flurry of quick liquidations on AXS, it seems this commerce has develop into overcrowded, leaving it weak to the opposite aspect attributable to an absence of liquidity.
