AXS breaks $1 resistance for first time since November amid tokenomic changes and ambitious 2026 roadmap.
Axie Infinity (AXS) has emerged as the biggest gainer among top 200 cryptocurrencies, surging over 32% in 24 hours while trading volume skyrocketed 1,600%.
AXS is trading at approximately $1.29 after posting its strongest single-day performance in months. Trading volume exploded to roughly $380 million, marking a dramatic 1,600% increase within 24 hours. The token has broken above the critical $1 psychological resistance for the first time since November 2025.
The surge pushed Axie Infinity to the top of intensity boards, with aggressive buying activity signaling strong trader conviction. This represents a notable shift in market participation rather than routine volatility.
Multiple catalysts are driving the rally. On January 7, Axie halted SLP (Smooth Love Potion) emissions in Origins to combat automated farming, effectively cutting off a major source of sell pressure that had weighed on the ecosystem.
Co-founder Jeffrey "JiHo" Zirlin publicly acknowledged that Axie was "too conservative" in 2025 and pledged "much larger risks" for 2026. The roadmap includes the highly anticipated Atia's Legacy launch, which aims to blend Eve Online-style economics with complex PvP combat.
Additional momentum came from a passed governance proposal to stake 2,829 ETH (approximately $9 million) from the community treasury to generate yield, signaling active optimization of the project's substantial treasury reserves.
The GameFi sector may be seeing a rotation of liquidity as investors seek undervalued gaming tokens. Whether AXS can sustain these gains depends on execution of the 2026 roadmap and continued development of Atia's Legacy. The token faces key resistance levels above $1.50, with support now established at the $1 mark.
This is a breaking story. Market conditions remain volatile and the situation may evolve as trading activity continues.
Disclaimer: News content is for informational purposes only and should not be considered financial advice. Market conditions can change rapidly. Always conduct your own research.
