Top 100 ETH whales actively purchase AXS in hopes of big profits
The popular crypto game Axie Infinity AXS token has gained traction in the circles of leading Ethereum whales and managed to enter the top 10 most bought assets in 24 hours according to the WhalesStats gate. The average purchase was 167 tokens, or $2,646.
It is unlikely that large holders of ETH decided to play Axie Infinity at one time, which means that the purpose of these purchases is to obtain a good potential profit. This idea correlates particularly well with the fact that AXS has lost more than 90% in price from its historic highs of $160. In the crypto market, price corrections of 75% to 90% are considered good times to gain a position. Apparently the time for AXS has come.
As can be seen from the chart, AXS quotes, following the broader crypto market, made the famous early June move and found themselves in a narrow price corridor with its lower boundary at $12.35 per token.
In-game malfunctions undermine credibility of Axie Infinity
That is not to say that Axie Infinity itself is doing well. Recently, the game was heavily criticized when it was revealed that many players were abusing the in-game mechanics by using multiple phones and accounts at once. As a result of these shenanigans, there was another token SLP game offering.
At the same time, many are pointing out that Axie Infinity still has a chance for the future, especially in esports, with the timing of finding opponents still suggesting a large number of players.
