AXS Token Surges 14% Amid bAXS Launch Announcement and GameFi Market Rebound

AXSUSDT has experienced a notable 14.26% price increase in the past 24 hours, with the current price at 2.620 (Binance data). This positive momentum is primarily attributed to renewed interest following the announcement of the new in-game token bAXS, which is set to replace AXS for ecosystem and gameplay rewards, as well as a broader rebound in the GameFi sector. Elevated market activity is evident with trading volume surging by approximately 151% and strong investor participation, while technical indicators such as a recent MACD cross below the signal line and a declining RSI suggest potential short-term volatility. The current trading range has been between 1.959 and 2.991, with market capitalization estimated between $450.98 million and $694.84 million, reflecting heightened activity and attention on Axie Infinity.