Axie Infinity’s AXS Gets Massive Attraction From Top ETH Whales With Price Down 90% From ATH

Gamza Khanzadaev

Top 100 ETH whales are actively buying AXS in hopes of big profits

The popular crypto game Axie Infinity AXS token has gained traction in the circles of leading Ethereum whales and managed to enter the top 10 most bought assets in 24 hours according to the WhalesStats gate. The average purchase was 167 tokens, or $2,646.

It is unlikely that large ETH holders will have decided to play Axie Infinity at any given time, which means that the purpose of these purchases is to get good profit potential. This idea correlates particularly well with the fact that AXS has lost more than 90% of its price from its all-time highs of $160. In the crypto market, price corrections of 75% to 90% are considered good times to gain a position. Apparently the time for AXS has come.

Source: TradingView

As can be seen from the chart, AXS quotes, following the broader crypto market, made the famous early June move and found themselves in a narrow price corridor with its lower boundary at $12.35 per token.

In-Game Glitches Are Undermining Axie Infinity’s Credibility

That’s not to say Axie Infinity is doing well. Recently, the game was heavily criticized when it was revealed that many players were abusing the game’s mechanics by using multiple phones and accounts at once. As a result of these shenanigans, there was another token SLP game offer.

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At the same time, many are pointing out that Axie Infinity still has a chance for the future, especially in esports, with the timing of finding opponents still suggesting a large number of players.

Keith P. Plain