Altcoin Axie Infinity (AXS) Big Trading Weekend | Whale Purchased over 200,000 AXS $13.25 Million in 2 Days | Top Among Ethereum Investors
Ethereum (ETH) whales loaded up on one popular gaming token over the weekend, Axie Infinity.
Data from whale-surveilling platform WhaleStats indicates Axie Infinity (AXS) was the most traded token among the 1,000 biggest ETH wallets over a 24-hour period this past weekend.
WhaleStats also shows that a couple of large Ethereum whales gobbled millions of dollars worth of AXS.
The third-largest Ethereum whale purchased 40,000 AXS worth more than $2.46 million in a single transaction, according to WhaleStats.
Axie Infinity is a trading and battling game based on the blockchain. Players, who are stakeholders, are allowed to collect, breed, raise, battle and trade digital collectibles.
The project’s native token, AXS, is trading at $67.84 at time of writing. The 36th-ranked crypto asset by market cap is up nearly 26.5% in the past seven days.
A popular pseudonymous crypto analyst known as Altcoin Sherpa predicts AXS’s price will surge even further.
“AXS: This looks pretty good. I think this goes to like $80 and then pulls back.”
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/prodigital art/Nikelser Kate