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Recently, the AXS token of Axie Infinity experienced a rare rapid surge, and this market movement is indeed somewhat outrageous. Ultimately, it all comes down to the whales pushing up the price.
By observing the current state of the game itself, it’s clear that the number of users participating has already significantly declined, and there are no large influxes of new players buying and holding AXS. Since there’s no genuine game demand driving the token price, the remaining motivation can only come from market manipulation.
Over the years, I’ve encountered many blockchain game projects, and an increasingly obvious phenomenon is that the token issuance games all eventually evolve into the same routine—product for product, token for token, two completely parallel lines that do not interfere with each other. Only when it’s necessary to boost the token price will some positive news suddenly be released to coordinate.
Having suffered many losses in this process, I’ve gradually come to understand: never link the actual operation of blockchain games with the token price. They are fundamentally two different things. After a market rally, someone needs to step in at this high level to take the position; otherwise, a dump is inevitable. As for who the whales are and who will buy in at the current price, the answers to these questions are both vague and painful. Anyway, I won’t be trying.