AXS rose roughly
↗11%
over the past month ahead of the
Axie Vibeathon hackathon launch on September 1st, though selling pressure remained elevated with roughly 2x more sellers than buyers over the past 24 hours.
Trading activity rises ahead of event
The number of people trading rose roughly
↗26%
over the past 24 hours as the
Axie Vibeathon hackathon prepares to launch, offering 20,000 bAXS in prizes for game developers building playable Axie games with AI tools.
Mixed signals from buyer behavior
While selling pressure remained elevated, blockchain data showed coins moving off exchanges with a net outflow of approximately $0.05M as of the August 31 snapshot, a pattern often associated with longer-term holding.
Price context over different timeframes
Despite the monthly gain, the asset remains down roughly
↘61%
over the past year, though it outpaced Ethereum Ecosystem peers by roughly
↗1.7%
over the past day.