Axie Infinity
Why Axie Infinity is up 15.7% today
Analysis
Axie Infinity (AXS) rose 15.7% over the past 24 hours as traders reacted to signs of renewed whale activity following a sharp prior rally. BeInCrypto reported that whales may have been buying into the move after AXS surged 41%, highlighting accumulation dynamics that can support short-term upside even as the article notes pullback risk.
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.