Most Axie Infinity Token Holders Are Experiencing Losses
If you’re a token holder of Axie Infinity, one of the leading play-to-earn blockchain games, you may have noticed a decline in the value of its native token, AXS. This downward trend is consistent with the overall market performance. As a result, many token holders have experienced significant losses, reaching record levels.
Overwhelming Majority of AXS Addresses Show Losses
According to data from IntoTheBlock, a cryptocurrency analysis platform, shared by analyst Ali Martinez on September 1, a staggering 99.54% of AXS addresses are currently in a state of loss. This means that the majority of AXS holders are facing a challenging situation in terms of recovering their investments.
Axie Infinity’s Unique Role in the Play-to-Earn Movement
Despite the current challenges, Axie Infinity remains a pioneering force in the play-to-earn movement. The project has established itself in a distinct and enduring position within the industry. It would be unwise to underestimate its potential for future growth and success.
Hot Take: Proceed with Caution
Remember, the content provided here is not investment advice. Investing in cryptocurrencies is speculative, and there are risks involved. Be cautious and mindful of the potential capital loss when making investment decisions.
The post 99% of all Axie Infinity (AXS) addresses are in the red appeared first on Finbold.
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