BREAKING: Axie Infinity Surges 16.6% to $1.51 on Heavy Volume

Axie Infinity (AXS) has surged 16.6% in the past 24 hours to trade at $1.51, marking one of the strongest single-day performances among top gaming tokens as trading volume climbed to $127.7 million.

The token reached an intraday high of $1.54 after bottoming at $1.26, pushing its market capitalization to $255.4 million and ranking it #154 by market cap according to real-time data.

Key Price Metrics

AXS posted a 24-hour price gain of $0.215, building on a remarkable 60.3% surge over the past 30 days. The token’s market cap increased by $35.4 million in the past day alone, representing a 16.1% jump.

However, the weekly chart shows AXS down 12.5%, indicating recent volatility despite the monthly uptrend. The 1-hour price change of 2.4% suggests continued bullish momentum in the immediate term.

Supply and Valuation

With a circulating supply of 169 million tokens out of a total supply of 270 million, AXS maintains a fully diluted valuation of $408.1 million. The token remains 99% below its all-time high of $164.90 reached in November 2021 during the peak of the play-to-earn gaming boom.

From its all-time low of $0.124 in November 2020, AXS has posted gains of over 1,121%, though the token has retraced significantly from 2021 highs.

Volume Surge Signals Interest

The $127.7 million in 24-hour trading volume represents substantial liquidity and suggests renewed interest in the Axie Infinity ecosystem. The volume spike accompanies the price increase, a technical indicator often associated with sustained moves.

Axie Infinity pioneered the play-to-earn gaming model in crypto, allowing players to earn tokens through gameplay. The platform’s native AXS token is used for governance and staking within the ecosystem.

This is a developing story. Price data current as of 04:13 UTC on February 9, 2026.