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Axie, Jito, and Xave prepare major token unlocks, which may introduce volatility and test investor sentiment across GameFi, Solana staking, and DeFi FX markets.
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Ethereum’s recent drop may influence Xave’s DeFi unlock reaction, while AXS and JTO face key market tests during their scheduled April releases.
Following recent picks by CNF on the top cryptos to invest in this April, in crypto, token also unlocks are make-or-break moments—they introduce large volumes of previously locked tokens into the market, often impacting prices, investor sentiment, and overall volatility.
In the second week of April, this article dives deeper into three key projects—Axie Infinity (AXS), Jito Labs (JTO), and Xave (XAV)—all preparing significant unlock events. These could ripple across the market as participants watch how these tokens absorb the new supply.
Axie Infinity (AXS): A Strategic Unlock Amid GameFi Recovery
According to a previous CNF article, Axie Infinity, once the poster child of play-to-earn gaming, is preparing to unlock 10.72 million AXS tokens on April 12, representing 3.97% of its total supply.
If sentiment around blockchain gaming continues to improve, this unlock may support long-term holder conviction rather than trigger sell pressure. However, AXS is currently trading around $2.38, down roughly 11.81% over the last 24 hours and 17.75% over the past week.
Jito Labs (JTO): Unlocking for Growth on Solana’s Rising Tide
Despite recent listing of JITO (JTO) by BingX, a prominent cryptocurrency trading platform, as shared in a CNF report, Jito Labs—a liquid staking leader on Solana—is set to unlock 11.31 million JTO tokens on April 7, just over 1.13% of its total supply.
Jito recently crossed a milestone of over 7 million SOL staked, and its MEV-powered validator technology has become essential to Solana’s DeFi stack. As of today, JTO trades at $1.52, down roughly 13.78%, mirroring Solana’s broader pullback.
Xave (XAV): Unlocking Big in the DeFi FX Sector
Some updates suggest that Xave, a newer DeFi protocol aiming to disrupt traditional foreign exchange markets with a decentralized AMM model, will unlock a massive 313.29 million XAV tokens on April 11—about 3.13% of its 10 billion total supply.
Xave Finance builds liquid FX markets for DeFi. Xave’s core product is the FXPool, a custom liquidity pool that uses a novel FX Invariant to facilitate stablecoin swaps with no slippage.
Currently having total value locked $41.388, Xave operates within the decentralized finance (DeFi) sector, it’s plausible its price movements could be influenced by broader trends in major cryptocurrencies, especially Ethereum, which underpins many DeFi platforms.
At the time of writing, Ethereum (ETH) is trading at $1,588.60, reflecting a 15.10% decrease over the past day and 14.99% in the past week. See ETH price chart below.
