Winter Mute Trading

$AXL token, an integral part of the Axelar ecosystem, has been making waves with its remarkable surge in popularity and value over and emerged as the talk of the town over the last 24 hours.
@iCrypto - Sentiment and Onchain Analysis has discovered some interesting key metrics related to this rising token. Here are what we will be going through:
Token 24h Key MetricsWhales and Top Holders holdingSmart Money and Smart Dex Trader
Let's get into it
Token 24h Key Metrics
📍 Price: $1.93 (27.35%)
📍 Market Cap: $1B (+27%)
📍 Volume: $308M (2086.34%)
📍 Cir. Supply: 394.2M
📍 Social Sentiment
└ Pos/Neg/Neu: 5%/1%/94%
AXL token's recent surge in market performance, coupled with its favorable social sentiment, AXL's performance is nothing short of impressive.
Whales and Top Holders holding
Whales:
In terms of Whales, 54 wallets were identified as holder of ALT, and their total balance capped at 32.81M ($62.66M).
There holding as of today has increased to +7.75M (+$14.8M), which increased +30.92% for14 days.

Top holders:
A total of 40.44M ($77.22M) has been bought by 150 top holder wallets.
Within 24h, they have accumulated +4.47M (+$8.54M) which is about+12.43% that of 14 days ago.

Smart Money and Smart Dex Trader
Smart Money:
8 wallets hold a combined balance of 3 million AXL tokens, equivalent to $5.74 million.
Over the past 14 days, there has been a minimal increase of $11.34K in balance, indicating a marginal 0.2% growth.

Smart Dex Trader:
The trading trend of Smart Dex Trader for AXL token is uncertain.
However, we discovered that at 00:00 UTC, there was a realized loss of $6.8K and an unrealized profit of $116.4K, indicating mixed results in trading activities.

Seemingly, AXL's short-term outlook is bright with a recent price jump and rising investor interest. Perpetual trading and MACD indicators suggest a bullish market. However, long-term concerns exist. AXL inflows to exchanges and dominance of sellers on DEXs hint at bearish sentiment. The token price exceeding the upper Bollinger Band indicates a potentially overbought market.
While short-term trends are good, caution is advised due to long-term bearish metrics. Close monitoring of market changes is crucial.
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