Can Axie Infinity extend 15% rally amid rising AXS network activity?

ambcryptoОпубліковано о 2026-02-09Востаннє оновлено о 2026-02-09

Анотація

Axie Infinity's network activity surged as active addresses nearly doubled within 24 hours, driven largely by large holders controlling between 10,000 and 100,000 AXS tokens. This spike in participation, combined with strong trading activity and supply concentration, suggests accumulation rather than speculation. Despite a 15% price rally, short-term pullbacks are possible, but key on-chain metrics—including a rebound from oversold conditions on the Stochastic RSI—indicate underlying bullish intent. The dominance of large players supports the likelihood of continued upward momentum, pointing to a sustained bullish trend rather than short-term noise.

The number of Active Addresses on the Axie Infinity [AXS] network has nearly doubled over the last 24 hours.

Could the surge in trading activity, combined with the concentration of supply among large holders, ensure that AXS maintains its bullish momentum?

Active addresses surge sharply

Axie Infinity’s network activity has expanded rapidly in a short time. According to the recent Santiment trading activity data, the number of active addresses on the network has almost doubled compared to the previous day.

That’s not a gradual surge by a sudden spike. In most cases, such moves tend to signal renewed participation. Either AXS traders are rotating back in, or large players are repositioning for a bigger move.

Source: Santiment

Large players take control

Despite the rise in active addresses, supply distribution plays a crucial role. In the case of AXS, most of the recent activity comes from large holders, with wallets containing between 10,000 and 100,000 AXS dominating the trading volume.

That said, a bigger explosive bullish continuation is more than likely to follow. Usually, when large players drive address growth, it signals accumulation rather than speculation. These participants tend to move with intent, and they rarely chase short-term noise.

The large players’ dominance suggests increased confidence among the AXS in current price levels.

Can the rally extend?

At press time, AXS prices gained more than 15%, yet near-term pullbacks remain possible.

However, the combination of surging active addresses, large-holder dominance, and strong trading activity points to a bullish run continuation.

If large players continue to lead network activity, momentum could carry forward. A brief consolidation would not necessarily weaken the trend. Moreso, given that the token’s Stochastic RSI has just bounced off from an oversold region

For now, Axie Infinity appears supported by more than just price action. The on-chain signals suggest intent. And intent often comes before extension.

Final Thoughts

AXS active addresses nearly doubled within 24 hours.
Large holders dominated the market activity as AXS prices posted a 15% daily gain.

Трендові криптовалюти

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

ZRX（0X）ZRX

PancakeSwapCAKE

Пов'язані питання

QWhat was the percentage increase in the number of Active Addresses on the Axie Infinity network in the last 24 hours?

AThe number of Active Addresses on the Axie Infinity network nearly doubled over the last 24 hours.

QWhich group of holders was responsible for dominating the recent trading volume on the AXS network?

AWallets containing between 10,000 and 100,000 AXS, representing large holders, dominated the recent trading volume.

QWhat does the dominance of large players in network activity typically signal, according to the article?

AWhen large players drive address growth, it typically signals accumulation rather than speculation, indicating intent and confidence in the current price levels.

QBy how much did the price of AXS gain at the time the article was written?

AAt press time, AXS prices gained more than 15%.

QWhat on-chain indicator, besides active addresses and large-holder dominance, supports the potential for a bullish continuation?

AThe token’s Stochastic RSI has just bounced off from an oversold region, which supports the potential for a bullish continuation.

Пов'язані матеріали

Misjudged A-Shares: Resilience, Expectations, and Confidence

China's A-share market recently faced selling pressure, especially in tech sectors, initially triggered by a global tech sell-off that began in South Korea. However, the article argues this is a case of "mistaken injury" and highlights the market's underlying resilience. This resilience stems from three main pillars: **1) Tech Sector Fundamentals:** Unlike Korea's market dominated by a few memory chip stocks, China's tech sector is diversified across computing, communications, electronics, and semiconductors, supported by dual narratives of global AI supply chains and domestic substitution. Core areas like optical modules and fiber optics continue to show strong earnings growth. **2) "National Team" Support:** State-backed institutions and large corporations have made significant market purchases and announced buybacks, providing liquidity and signaling confidence. This is seen as a stabilizing policy signal, often associated with market bottoms. **3) Broader Market Pillars:** Other major sectors are showing endogenous recovery momentum. Consumer stocks benefit from stabilizing CPI and signs of sector recovery (e.g., liquor price hikes). Cyclical sectors like aluminum have high earnings, potential price increases due to tight supply, and low valuations. The financial sector offers stable dividends and low valuations. The conclusion is that the sell-off was driven by external contagion, not a collapse in fundamentals. With strong policy support and recovering momentum across key sectors, the A-share market possesses the toughness to regain stability.

marsbit27 хв тому

Misjudged A-Shares: Resilience, Expectations, and Confidence

marsbit27 хв тому

Quantum Computers Haven't Arrived Yet, but Satoshi's 1.1 Million Bitcoin Pose the First Problem

A zero-knowledge proof tool can help modern Bitcoin wallets migrate assets before quantum attacks in milliseconds. However, approximately 1.1 million bitcoins mined by Satoshi Nakamoto before 2012 are fundamentally unprotected by such solutions, as they reside in older P2PK addresses lacking the hierarchical structure required for this cryptographic rescue. This exposes a critical divide: post-2012 HD wallets can potentially "upgrade" signatures using tools like Project Eleven's, while early coins are cryptographically isolated. The community faces a political, not technical, dilemma with four contentious options: 1) Let quantum attackers seize the coins, risking market instability; 2) Hard fork to freeze vulnerable addresses, seen as violating property rights; 3) Implement extreme spending limits to slow any attack; 4) Redistribute "orphaned" coins, breaking immutability. Each solution threatens a core Bitcoin tenet. The market is already pricing in this governance risk, as evidenced by institutional divestment citing uncertainty. The true crisis isn't the arrival of quantum computing, but the community's inability to reconcile its foundational principles with an existential technological shift.

marsbit35 хв тому

Quantum Computers Haven't Arrived Yet, but Satoshi's 1.1 Million Bitcoin Pose the First Problem

marsbit35 хв тому

Where Will the Next Bull Market's Main Battlefield Be? The Answer Lies in These Two Types of Assets

Matt Hougan, Bitwise's CIO, identifies the fusion of traditional finance and on-chain finance as the core driver for the next crypto bull market. He expects this cycle, propelled by real-world utility and global finance adoption, to be the largest yet, centered on stablecoins, asset tokenization, 24/7 trading, instant settlement, and institutional DeFi growth. The article outlines two primary investment approaches tied to this trend. The first focuses on native crypto applications with strong revenues and sustainable tokenomics, exemplified by Hyperliquid (HYPE). Its Layer-1 chain is gaining significant trading volume from traditional assets like oil and equities. Its model of using 99% of revenues for token buybacks is a key strength. The second approach targets established traditional firms building at scale on crypto rails, like Robinhood. The launch of its Robinhood Chain, enabling global trading of tokenized stocks and DeFi activities, represents a major move towards this fusion. The author also notes other serious contenders like Coinbase, Figure, BlackRock, and JPMorgan. Ultimately, the thesis is that the most profound success will come when blockchain technology seamlessly integrates into finance, becoming invisible to end-users. Investors are advised to position ahead of this convergence.

Foresight News39 хв тому

Where Will the Next Bull Market's Main Battlefield Be? The Answer Lies in These Two Types of Assets

Foresight News39 хв тому

The Clarity Act's Journey Through Congress: The Thorny Path of Bipartisan Compromise in the U.S.

The U.S. Congress is struggling to advance the crypto market structure bill known as the Clarity Act, with bipartisan compromise proving difficult. Key hurdles include unresolved disputes over "yield" products and, more critically, the inclusion of strong ethics provisions for elected officials—a non-negotiable demand for many Democrats. While a compromise on yield was reached in May, securing only limited Democratic support in committee, the separate Senate Agriculture Committee version later passed with no Democratic votes due to the ethics impasse. As Republicans push for a full Senate vote in July, demands for ethics rules have expanded, and other contentious issues like developer protections and concerns from law enforcement and large banks further complicate negotiations. Despite consensus on the need for legislation, the path forward is unclear. Recent discussions between senators and White House officials aim to find acceptable ethics language. Some lawmakers question whether a compromise text can garner enough bipartisan support, with one Democrat stating the current proposal lacks the strong ethics provisions required for their vote. Potential short-term goals for the crypto community include symbolic Senate action before the August recess, a longer-term aim for passage by 2026, or establishing a detailed framework that addresses ethics and other compromises. The process remains arduous, relying on the traditional, vote-by-vote effort to build bipartisan support.

marsbit46 хв тому

The Clarity Act's Journey Through Congress: The Thorny Path of Bipartisan Compromise in the U.S.

marsbit46 хв тому

Are Kalshi and Polymarket Founders at Odds? This Business Rivalry Is More Brutal Than You Think

"The Rivalry Between Kalshi and Polymarket Founders Turns Bitter and Litigious" The intense feud between Tarek Mansour, CEO of Kalshi, and Shayne Coplan, founder of Polymarket, has escalated far beyond typical business competition into personal animosity and regulatory battles. Both lead billion-dollar prediction market platforms, but their approaches differ sharply. Kalshi positions itself as the compliant operator, securing U.S. regulatory approval before launching. In contrast, Polymarket initially operated offshore, allowing U.S. users to access its platform via VPN, which drew regulatory scrutiny. The conflict reached a peak in November 2024 when FBI agents raided Coplan's New York apartment. While Coplan publicly blamed political motives, his team privately suspected Kalshi was involved. According to sources, Kalshi's lawyers had previously reported Polymarket's operations to federal prosecutors, highlighting its accessibility to U.S. users despite a ban. This incident fueled mutual accusations and underhanded tactics, including social media smear campaigns and attempts to sabotage each other's major business deals. Their rivalry also played out in Washington, influencing regulatory debates. Kalshi actively lobbied against Polymarket's practices, framing them as illegal and unethical. Polymarket, after facing a CFTC fine and investigation, later acquired a licensed U.S. firm to launch a domestic app, regaining a foothold. Despite the hostility, both companies have seen massive growth, with combined trading volumes soaring. However, increased regulatory scrutiny, particularly around insider trading on Polymarket's platform, continues to pose challenges. The founders' deep-seated mutual disdain ensures their battle for market dominance remains as much a personal vendetta as a commercial one.

marsbit55 хв тому

Are Kalshi and Polymarket Founders at Odds? This Business Rivalry Is More Brutal Than You Think