BREAKING: Axie Infinity (AXS) Surges 17.6% to $1.53 in 24 Hours

Last Updated: February 9, 2026By Editors Desk

Axie Infinity (AXS), the governance token of the once-dominant play-to-earn gaming platform, has surged 17.6% in the past 24 hours to reach $1.53, accompanied by significant trading activity of $113.4 million.

The token climbed from a 24-hour low of $1.26 to a high of $1.54, adding approximately $39 million to its market capitalization, which now stands at $259.3 million. This positions AXS as the 153rd largest cryptocurrency by market cap.

Strong Monthly Performance Despite Weekly Decline

The latest surge extends AXS’s impressive 30-day performance to 62%, demonstrating renewed investor interest in the gaming token. The past hour alone saw an additional 11.8% increase, suggesting accelerating momentum.

However, the token remains down 12% over the past week, indicating recent volatility in the gaming cryptocurrency sector. Despite today’s gains, AXS trades 99.1% below its all-time high of $164.90 reached in November 2021 during the peak of the play-to-earn gaming boom.

Market Metrics

With 169 million AXS tokens in circulation out of a maximum supply of 270 million, the token’s fully diluted valuation stands at $414.3 million. The circulating supply represents approximately 62.6% of the total token allocation.

The token has recovered significantly from its all-time low of $0.12 recorded in November 2020, representing a 1,150% gain from that bottom.

Market Context

Axie Infinity became a cultural phenomenon in 2021, particularly in Southeast Asian countries, where players earned income through the game’s play-to-earn mechanics. The platform suffered a major setback in March 2022 when its Ronin Network bridge was exploited for over $600 million, one of the largest hacks in crypto history.

Today’s price action occurs as the broader cryptocurrency market shows mixed signals, with gaming and metaverse tokens experiencing varied performance. The substantial trading volume suggests institutional or whale activity may be driving the current rally.

The sudden surge follows a period of consolidation for gaming tokens, though no immediate catalyst has been publicly announced by Sky Mavis, the development studio behind Axie Infinity.

Market data current as of 3:44 AM UTC, February 9, 2026.

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