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AXS Extends 200% Monthly Rebound, Trades Near $2.50 on Derivatives Surge

Protocol reforms are drawing fresh speculative interest.

Overview

  • Axie Infinity’s token is up roughly 200% over 30 days and about 9% in the past day, changing hands near $2.53.
  • Futures open interest jumped from under $14 million on January 1 to a weekend peak near $189.5 million, holding around $174 million.
  • Founder Jeffrey Zirlin introduced bAXS for app-based rewards and the project halted SLP emissions, steps that reduced short‑term supply pressure.
  • Analysts cite a cup‑and‑handle breakout with price back above the 200‑day EMA near $1.80 and note resistance around $3.00–$3.50, with stronger resistance near $5.10.
  • AXS outperformed most gaming tokens as WEMIX and Ronin posted modest gains, with macro context showing record moves in gold and silver and Bitcoin below $90,000.