Whales in the crypto market are of great importance to the ecosystem. Whales can directly affect the price of the cryptocurrencies they buy. For this reason, the movements of whales are closely followed in the crypto industry. This time, Ethereum whales bought a large amount of Axie Infinity (AXS).
Axie Infinity, a popular NFT game, has become popular with whales. According to WhaleStats, AXS, which is among the top 10 most purchased assets in 24 hours, has recently attracted the attention of whales.
Big ETH whales started investing huge amounts in Axie Infinity all at once. It was stated that the purpose of the whales is to make potential profit.
It was revealed that Axie Infinity players abused in-game mechanics by using multiple phones and accounts at the same time. For this reason, the game was heavily criticized. At the same time, many consider Axie Infinity to have a bright future, especially in the field of esports.
Latest Situation in AXS and Cryptocurrency Market
At the time of writing, the Axie Infinity (AXS) price was recorded as $16.03 according to CoinGecko data, while the last 24-hour trading volume of Axie Infinity (AXS) was $136,275,491. Axie Infinity (AXS) is up 5.3% in the last 24 hours. There are 83 Million Axie Infinity (AXS) supplies in circulation, with a total supply of 270 Million Axie Infinity (AXS). BitMEX is currently the most active market where Axie Infinity (AXS) is traded.
Cryptocurrency markets, after the sharp rise at the beginning of the week, started to see fund inflows on the last working day of the week, while moving horizontally for the rest of the days. The total cryptocurrency market cap has risen to $1.07 trillion today, with the third upward move seen this week. Although the total value rose to the range of 1.07 - 1.09 trillion dollars during the week, it could not be permanent in this area and remained mostly in the range of 1.01 - 1.05 trillion dollars. The average trading volume of the last 24 hours has decreased to 77 billion dollars despite the positive outlook. The cryptocurrency fear and risk appetite index, which measures the sentiment among investors, has dropped by 1 point since yesterday and remained at 33 points, showing that the market remains in the fear zone.