Airdrop, Staking Announcement Power Axie Infinity’s AXS Token to Record High — CoinDesk

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“Staking yields on AXS remained exceptionally lucrative (189% APR), even with 12.4 million AXS staked already and growing, leading to a real risk of a supply crunch for AXS,” mentioned Denis Vinokourov, head of analysis at Synergia Capital. “This could result in exponential, albeit likely unsustainable, upside, and in the end leading to erratic and choppy price action.”