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
Bitmine Chairman Tom Lee: The market may have already bottomed out; I recommend focusing on the leading assets since the outbreak of hostilities
Bitmine chairman Tom Lee said on the X platform that although there are still doubts in the market, there are signs that the bottom has already formed. He is bullish on Ethereum and related assets and believes crypto is a wartime value-preservation tool. Risk assets may rebound, but it’s important to watch whether the macroeconomic environment and geopolitical situation remain stable.
GateNews54m ago
Is the market in excessive panic? MicroStrategy founder: Bitcoin has already hit bottom, and the quantum threat is an overblown concern
Michael Saylor asserted that Bitcoin had already finished bottoming out at $60k, and he believes concerns about threats from quantum computers are overblown. He predicts that Bitcoin will become the core of a digital credit system in the future, and he mentioned that selling pressure in the market is limited, which could help drive a new bull market. Mizuho also gave a positive assessment of the company’s future performance.
CryptoCity1h ago
DWF Labs co-founder: The current market is boring but it hasn’t gone away—there are still plenty of opportunities for builders and investors
DWF Labs co-founder Andrei Grachev said the market is currently in a “very boring” phase, with genuinely valuable activity taking place quietly. He advised investors to stay patient, wait for better timing, and noted that retail investors should respond rationally to market volatility—continue learning and staying engaged.
GateNews1h ago
BTC analyst Killa: By comparing historical cycles, BTC could see another round of downside before it establishes a true bottom
Gate News message, on April 11, BTC analyst Killa posted that when comparing all prior Bitcoin cycles, each cycle includes a final selloff that ends with a capitulation-style bottom. In this cycle, the time when the peak occurred was earlier than in previous cycles. Killa noted that if history repeats itself, BTC may still see another wave of declines before a true bottom is established.
GateNews2h ago
BTC 15-minute drop of 0.45%: spot selling pressure led the move, and leveraged funds stayed on the sidelines, without worsening volatility
2026-04-11 13:00 to 13:15 (UTC), BTC recorded a short-term return of -0.45%, with a price range of 72526.3 to 72935.7 USDT, and the 15-minute swing amplitude was 0.56%. Overall market attention remains at a high level. Volatility is not extremely elevated, but downward pressure is clear, and disagreement between long and short positions in the short term has intensified.
The main driving force behind this abnormal move is active sell pressure in the spot market. During this period, the combined total trading volume of the spot market and perpetual futures increased month-over-month by about 12%. Order book data shows a slight rise in resting sell orders, faster cancellations of buy orders, and short-term liquidity tightening, triggering
GateNews2h ago
Under the Iran-U.S. conflict, the Bitcoin market is currently splitting: institutions continue to buy, while whales and mining firms are accelerating their sell-offs
Amid the impact of the U.S.-Iran geopolitical conflict, the Bitcoin market has diverged: institutional investors continue to accumulate Bitcoin, while whales, mining firms, and some countries are reducing their holdings. Data shows that large holders have shifted to net selling, mining firms’ sell-offs have been significant, and sovereign holders have also clearly cut exposure. Despite muted market sentiment, the price of Bitcoin has held in the $65k to $73k range, and its future direction will depend on continued inflows of institutional capital.
GateNews3h ago
