Why Is Axie Infinity (AXS) Up 10% Today Amid Crypto Crash?

The native cryptocurrency of the Axie Infinity (CRYPTO: AXS) blockchain has gained 10.8% over the last 24 hours.

What Happened: According to data from Benzinga Pro, AXS rallied to an intra-day high of $31.50 late on Sunday.

It was one of the top gainers amid a falling crypto market. AXS traded 12.33% higher than Bitcoin (CRYPTO: BTC) and 13.36% higher than Ethereum (CRYPTO: ETH).
The surge came amid social media buzz surrounding an “Axie Secret Party” and, separately, sanctions being placed on a cryptocurrency mixer allegedly involved in …

Full story available on Benzinga.com

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