AXS Token Surges 17% on Binance After Tokenomics Update Fuels $620M Trading Volume

Axie Infinity (AXSUSDT) has seen a significant price surge over the last 24 hours, with the current Binance price at 2.925, reflecting a 17.56% increase from a 24h open of 2.488. The rally is primarily attributed to the recent tokenomics update by Sky Mavis, which introduced non-transferable bAXS rewards and reduced SLP emissions under the Origins mode, resulting in lower inflation and heightened engagement from large holders and South Korean users. Market activity remains strong, with 24-hour trading volumes reaching up to $620.9 million and the price trading within a $2.40 to $2.95 range, marking a dynamic period for AXSUSDT amid ongoing volatility and investor attention.