AXS Token Soars 36% as Origin S8 Launch Fuels GameFi Demand and Trading Volume Spike

Axie Infinity (AXSUSDT) experienced a notable price surge of 36.31% in the last 24 hours, with the price rising from $1.947 to $2.654 on Binance. This sharp increase can be attributed to heightened interest in the GameFi and metaverse sectors following the launch of 'Origin S8', increased social media attention, and a substantial jump in trading volume. Recent exchange risk adjustments, such as reduced leverage and more frequent funding settlements on derivatives platforms, were implemented in response to volatility but did not dampen the buying momentum. Axie Infinity’s market capitalization currently ranges from approximately $455 million to $635 million across major data providers, with 24-hour trading volume exceeding $910 million and the circulating supply at 168.73 million AXS, demonstrating strong market activity.