BREAKING: Axie Infinity Surges 19.4% as AXS Token Hits $1.56
Axie Infinity’s native token AXS has surged 19.4% in the past 24 hours, reaching $1.56 amid heavy trading activity that has pushed its market capitalization above $263 million.
The gaming token saw its price climb from a 24-hour low of $1.26 to a high of $1.55, with current trading volume reaching $116.4 million. The rally added $43.8 million to AXS’s market cap, representing a 19.95% increase in valuation.
Key Price Metrics
AXS is currently trading at $1.56, with the token showing strong momentum across multiple timeframes:
- 24-hour change: +19.4% (+$0.25)
- 1-hour change: +3.6%
- 30-day change: +65.7%
- 7-day change: -9.6%
The token’s market cap now stands at $263.4 million, placing it at rank #152 among all cryptocurrencies. With 168.97 million AXS tokens in circulation out of a maximum supply of 270 million, the fully diluted valuation reaches $420.8 million.
Market Context
Despite today’s strong performance, AXS remains 99% below its all-time high of $164.90, which was recorded on November 6, 2021, during the peak of the play-to-earn gaming boom. However, the current price represents a 1,154% gain from its all-time low of $0.124 set in November 2020.
The 30-day performance of +65.7% suggests renewed interest in the Axie Infinity ecosystem, though the token experienced a 9.6% decline over the past week before today’s rally.
About Axie Infinity
Axie Infinity is a blockchain-based trading and battling game built on Ethereum, where players collect, breed, and battle digital creatures called Axies. AXS serves as the governance token for the Axie Infinity ecosystem, allowing holders to participate in key decisions and earn rewards through staking.
The game pioneered the play-to-earn model in 2021, attracting millions of players worldwide, particularly in Southeast Asia. The project has since evolved to include Axie Infinity: Origins, a revamped battle system, and various ecosystem developments.
This is a developing story. Price data as of 6:43 AM UTC, February 9, 2026.
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