AXS Token Volatility Surges Amid Axie Infinity Updates and 8.19% Price Drop to 1.771 USDT

The recent volatility in AXSUSDT is primarily attributed to major Axie Infinity ecosystem updates, including the launch of bAXS and the suspension of Smooth Love Potion (SLP) emissions, aimed at enhancing token stability and curbing bot farming. These changes have spurred renewed interest and significant trading activity, with the price experiencing notable surges earlier in the week. However, in the last 24 hours, the price has declined by 8.19% to 1.771 USDT according to Binance data, likely reflecting profit-taking after a rapid rally and adjustments by exchanges in response to increased volatility. Trading volume remains high, with market capitalization around $299–344 million and a circulating supply of approximately 168.24 million AXS, indicating sustained investor attention despite the recent price pullback.