Axie Infinity
Why Axie Infinity is up 6.2% today
Analysis
Axie Infinity (AXS) rose 6.2% over the past 24 hours as traders reacted to signs of increased whale activity following the token’s recent 41% rally. BeInCrypto reported that whales appeared to be buying into the move, though the article also flagged that this positioning could come with pullback risk after the sharp run-up.
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.