Axie Infinity’s cryptocurrency token value has fallen by 90%

The AXS cryptocurrency token of the popular Pay2Earn game Axie Infinity has fallen in price by 90%, which has increased the number of AXS purchases.

According to the WhaleStats portal, over the past 24 hours, the AXS token has become one of the top 10 most bought cryptocurrencies. The average number of tokens purchased by users was 167 AXS (with a total value of about $ 2646). Obviously, crypto whales are buying up the token in anticipation of future growth and potential profits. At the time of writing, AXS is trading for $ 16. It is worth noting that this year, the maximum value of AXS was $ 165, so the 90% drop in price was quite profitable for investors.

As a reminder, users began to return to the Axie Infinity platform after a hacker attack that stole $ 625 million, reimbursement of this money to players by the game’s representatives, and the launch of an updated version of Ronin Wallet. As a result, the game’s sales volume increased by 205% in a week (as of July 11). Jeff Zirlin, co-founder of Axie Infinity, also announced the «revival» of the platform on Twitter, emphasizing that «things have improved» due to the launch of the new Alpha Season.