AXS Token Surges 13% as Binance Trading Volume Soars Amid Axie Infinity Ecosystem Upgrades

AXSUSDT on Binance has risen 13.41% over the past 24 hours, currently trading at 2.309 USDT with notable increases in trading volume and buyer interest. The surge in price and activity is primarily attributed to recent bullish developments within the Axie Infinity ecosystem, including the announcement of the new bAXS utility token aimed at curbing inflation and bot farming, and substantial tokenomic reforms such as the reduction of SLP rewards and the dynamic staking emission program. Short-term momentum has also been driven by technical factors, such as a breakout from a long-term bearish channel, a short squeeze, and FOMO-driven buying, alongside a strong On Balance Volume indicating sustained buying pressure. Over the last 24 hours, AXS has seen a dramatic increase in trading volume, reinforcing renewed market interest and a cautiously bullish outlook among traders.