Ah, the AXS token, that whimsical creature from the land of Axie Infinity, has decided to perform an impressive leap this month, soaring by a staggering 209%-surpassing the monumental price of $2.70 for the first time since the summer of 2025. One could almost hear the collective gasp of traders, who, amidst the gloomy clouds hanging over the crypto market, suddenly found themselves gazing at this shiny little coin with renewed interest.
It appears our dear Axie has once again captured the attention of those ever-hopeful investors who are pondering whether these structural token changes can indeed breathe life into long-term demand. Perhaps they should consult a fortune teller instead, as we all know the fickle nature of market trends.
bAXS Plan Reshapes Rewards and Selling Mechanics
In an unexpected twist worthy of a Chekhovian play, co-founder Jeffrey “Jihoz” Zirlin graced us with a proclamation on X last week. He unveiled plans to transition AXS rewards into a fancier, more sophisticated version dubbed bAXS. Yes, folks, this is the new currency of the realm, backed one-to-one by its predecessor and destined for use in Axie’s core applications-because who doesn’t love a good makeover?
But wait! There’s more! The introduction of a reputation-based selling fee has emerged from the depths of the Axie treasury. Those brave souls willing to sell their precious bAXS will be greeted with a variable fee, depending on their esteemed Axie scores. Ah, nothing like a little elitism to spice things up! Zirlin assures us that this is not merely about short-term gains but rather about “structural changes to supply” destined for the year 2026. A real page-turner, isn’t it?
The official Axie account echoed this sentiment, painting bAXS as a glorious vessel to keep value circulating within the ecosystem, as opposed to the usual flow straight to exchanges. Who could have imagined such altruistic intentions lurking in the heart of crypto?
The community, in its wisdom, has largely embraced this change, interpreting it as a fundamental shift. Influencer Adrian eagerly declared:
“This sounds really solid for the Axie ecosystem. I am looking forward to it.”
Meanwhile, analyst Kevihaiceth, donning their thinking cap, called it an “interesting move to integrate reputation into selling mechanics.” And yet, some voices of caution emerged, like that of user Laxo, who mused:
“Felt like Axie was fading, but they’re cooking now. Let’s see if rep-based selling brings real activity or just new farm meta.”
Price Action Stands out as the Broader Market Struggles
As fate would have it, AXS price action has taken a bold stance, diverging sharply from the broader market trends. At the time of this writing, CoinGecko reports a slight retreat back to around $2.40 after flirting with $2.71. Still, a commendable rise of over 116% in just a week and a nearly 195% boost over the past month-truly, a tale of highs and lows!
Trading volume, too, has joined the party, with more than $700 million changing hands daily-a level suggesting speculative interest mingling with the cautious glances of long-term players. Meanwhile, in a tragicomic twist, Bitcoin (BTC) has slipped below $90,000, dragging the total crypto market down like an anchor in a sea of despair, with losses exceeding $250 billion. Ethereum (ETH) has not fared much better, sinking under $3,000 amid rising pressures, because why not add a dash of drama?
Despite this recent uptick, let us not forget that AXS is still down nearly 60% over the past year and remains a staggering 98% below its peak of $165 reached in November 2021. Yet, here we are, witnessing how project-specific changes can momentarily break the chains of correlation with BTC when the winds of the market blow ominously weak.
Whether this strength will endure shall depend on the swiftness of bAXS’s rollout and whether reputation-linked incentives can indeed alter user behavior inside the whimsical, ever-evolving Axie economy. Onward, dear traders, the stage is set!
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2026-01-22 16:18