- A popular metaverse coin has garnered a lot of attention from the biggest ETH whales despite trading with a 90 percent price drop from all-time highs. The top 100 ETH whales are thought to be actively buying Axie Infinity in hopes of huge profits.
A popular crypto game, according to data from whale watching platform WhaleStats. Axie Infinity‘s native cryptocurrency AXS tokenhas gained good momentum among the big Ethereum whales and is the most bought in the last 24 hours. top 10 crypto succeeded in making his presence known. These purchases amounted to an average of 167 tokens, or $2,646, per whale.
JUST IN: $AXS @axieinfinity now on top 10 purchased tokens among 100 biggest #ETH whales in the last 24hrs 🐳
We’ve also got #FTX token, $YFI, $MATIC, $APE & $AAVE on the list 👀
Whale leaderboard: https://t.co/N5qqsCAH8j#AXS #whalestats #babywhale #BBW pic.twitter.com/gOmAfQH5u4
— WhaleStats (free data on crypto whales) (@WhaleStats) July 22, 2022
Large ETH holders at once Axie Infinity It’s not uncommon for him to decide to invest in it, which means that the purpose of these purchases is to make a good potential profit.
This idea is particularly AXSIt also somewhat coincides with the fact that the coin has lost more than 90 percent of its price from its historic highs of $160. In the crypto market, corrections between 75 percent and 90 percent that occur in the price of a cryptocurrency are considered good times to invest, gaining a position in these assets. According to whale movements, it may be time for AXS.
As can be seen from the chart, AXS quotes, which follow the entire cryptocurrency market, made the famous move at the beginning of June and found themselves in a narrow price corridor with a lower limit of $12.35 per token.
In-game glitches undermine Axie Infinity’s reliability
The whales’ interest in the metaverse coin does not mean that Axie Infinity itself is doing well. Recently, the game has come under harsh criticism from the community when it was revealed that many players abused in-game mechanisms by using multiple phones and accounts at the same time.
As a result of these misfortunes, another in-game token, the Smooth Love Potion (SLP), was released.
Aside from these, it is said that Axie Infinity still has potential for the future, especially in the esports space, as many have pointed out that it still has a chance for the future and the timing of the opponent search still points to a large number of players.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.