Axie Infinity
Why Axie Infinity is down 22.9% today
Analysis
Axie Infinity (AXS) fell 22.9% over the past 24 hours as the market appeared to unwind a prior sharp run-up, with attention turning to pullback risk after a strong rally. BeInCrypto highlighted that whales may have been buying into the move following a 41% rally, a setup that can coincide with heightened volatility and profit-taking pressure as traders reassess near-term momentum.
Contributing Factors (1)
Did Axie Infinity (AXS) Whales Just Buy Into a Pullback Risk After a 41% Rally?
The Axie Infinity price has pulled back, but the bigger question is why whales are buying now. Since breaking out on January 21, the AXS price surged roughly 41%, hitting a wall near $3.00. The rally...
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.