The number of active addresses on the Axie Infinity (AXS) network has nearly doubled in just the past 24 hours. Can the sudden surge in trading activity, along with the concentration of supply among large investors, sustain AXS’s strong upward momentum?
The explosion of active addresses
Activity on the Axie Infinity network has experienced rapid growth in a short period. According to the latest data from Santiment, the number of active addresses on the network has nearly doubled compared to the previous day.
Source: Santiment Notably, this is not just a gradual increase but a sudden explosion. In most cases, such fluctuations often signal renewed investor participation. This could indicate that AXS investors are returning to the market or that large investors are preparing to rebalance their portfolios to anticipate a stronger upward trend.
Large investors dominate the market
Despite the significant increase in active addresses, the distribution of supply remains a key factor. For AXS, most recent transactions come from large investors, specifically wallets holding between 10,000 and 100,000 AXS – this group is controlling the majority of trading volume in the market.
This suggests a high likelihood of a strong price rally following. Typically, when large investors drive the increase in active addresses, it indicates accumulation rather than short-term speculation. Large investors tend to act with clear strategies and are rarely influenced by short-term volatility.
Source: Santiment The dominance of this large investor group reflects their growing confidence in the growth potential of AXS at current prices.
Will this rally continue?
Currently, AXS price has increased by over 15%. However, short-term corrections cannot be ruled out.
Nevertheless, the combination of a sharp rise in active addresses, dominance by large investors, and high trading volume suggests that the upward trend may persist. If large investors continue to lead network activity, the growth momentum could be maintained in the near future. Even if a short-term consolidation phase occurs, it does not diminish AXS’s long-term prospects. Notably, the Stochastic RSI indicator for AXS has just bounced from the oversold region, further supporting the potential for continued growth.
Source: TradingView Currently, Axie Infinity is supported not only by price movements but also by positive on-chain data. These data indicate deliberate participation by investors, and such intentional activity often lays the groundwork for sustainable growth.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH 15-minute drop of 0.66%: short-term holders selling off in tandem with exchange net inflows amplifies the selling pressure
2026-04-12 22:00 to 22:15 (UTC), ETH showed a clear downward move in a highly liquid environment. The candlestick chart indicates a return of -0.66%, with price fluctuations ranging from 2186.76 to 2211.25 USDT, and a swing amplitude of 1.11%. Market attention rose rapidly, short-term sentiment turned cautious, and volatility intensified.
The main driving factors behind this unusual move are a sharp increase in exchange net inflows and concentrated selling by short-term holders. On-chain data shows that over the past 24 hours, net inflow of ETH into exchanges totaled 9,567.65 ETH, suggesting that a large amount of capital entered the market in the short term, potentially increasing selling pressure.
GateNews2h ago
CTSI Price Soars 17.57%: Institutional Interest Ramps Up
Amid a crypto market downturn, CTSI surged 17.57% to $0.03626 in an hour, driven by high trading volume and institutional interest in altcoins. Traders are now watching key support and resistance levels for future price movements.
Coinfomania3h ago
Bitcoin falls below 71,500 USD, U.S.-Iran talks remain deadlocked, and the Strait of Hormuz becomes the biggest point of contention
On April 11, the U.S. and Iran began 20 hours of negotiations in Pakistan. The core issue was freedom of passage through the Strait of Hormuz. After Bitcoin briefly rose to $73,800, it quickly fell back to $71,557. The U.S. side took a hardline stance, demanding that Iran open the strait, while Iran insisted that easing restrictions must wait until a comprehensive agreement is reached. The two sides have not yet reached a consensus.
動區BlockTempo8h ago
Crypto Market Maintains Steady Growth Trajectory As Top Assets Show Gains
The crypto market continues to grow, with a market cap of $2.44T and Bitcoin and Ethereum showing slight increases. Top gainers include $GPM and $BASE. Meanwhile, DeFi TVL declined, NFT sales rose, and notable developments include a trader's significant loss and a push for regulatory clarity in Congress.
BlockChainReporter9h ago
BTC 15-minute chart slightly down 0.57%: leveraged long positions passively cut risk and macro sentiment disturbances drive volatility
2026-04-12 12:45 to 13:00 (UTC), the BTC price range was 71081.7 to 71493.2 USDT, with an amplitude of 0.58%. Within 15 minutes, the return recorded was -0.57%. During the period of unusual activity, market volatility increased somewhat, risk sentiment warmed up, and overall attention rose; however, there was no extreme surge in volume or a sudden drop in liquidity.
The main driver behind this unusual activity is that, under the leverage structure, long positions were reduced passively. Recently, the funding rate for perpetual contracts turned from negative to positive. Leverage among longs in the market accumulated; the price dipped slightly, triggering liquidations of some leveraged long positions and sell orders for position closures, resulting in
GateNews11h ago
Analyst: Bitcoin’s current pullback is relatively mild compared with past ones, but the bottom has not been confirmed yet.
Crypto analyst Axel Adler Jr said the current Bitcoin pullback is smaller than historic bearish-market levels, but a bottom has not yet been confirmed. He believes the market is still in a mild bear phase, and that a true recovery will require patience and waiting.
GateNews12h ago
