AXS Token Surges 13% as bAXS Launch and Ecosystem Changes Drive Trading Volume Up

Axie Infinity (AXSUSDT) experienced a notable price increase of 13.26% over the last 24 hours, with the current price at 2.340 USDT according to Binance. The recent rally is primarily attributed to a technical breakout above long-term resistance levels, strong bullish momentum, and renewed interest following ecosystem changes such as the disabling of SLP rewards in Axie Infinity's Origins mode, which reduced daily token emissions and aimed to curb inflation. Additional support comes from the announcement of the bAXS token launch, increasing perceived utility and investor confidence. Trading volumes surged significantly, reflecting heightened market participation and active liquidity, with AXS outperforming the broader crypto sector in recent days.