Axie Infinity Token Price Spikes by 15% Despite $625 Million Hack of Ronin

Australia News News

Axie Infinity Token Price Spikes by 15% Despite $625 Million Hack of Ronin
Australia Latest News,Australia Headlines
  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

$AXS rallies by 15% in last 24 hours despite recent $625 million Ronin bridge hack

token, AXS, spiked by 15% in the last 24 hours, as a TradingView chart suggests, despite the recent hack that put the whole GameFi project at risk.According to the daily chart, the price of Axie Infinity-related token AXS rallied by 15% in the last 24 hours, once again breaking through a 200-day average resistance. Unfortunately, it swiftly retraced back under the resistance, showing that there is not enough buying power and volume on the market.

The stolen funds have been easily"washed" via decentralized exchanges and withdrawn with no problems whatsoever despite some exchanges and large cryptocurrency trading platforms limiting trading for wallets that had funds related to Ronin bridge.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Utoday_en /  🏆 295. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Axie Infinity Delays Launch of ‘Origin’ Game Following Massive HackAxie Infinity Delays Launch of ‘Origin’ Game Following Massive Hack.AxieInfinity is delaying the launch of its highly-anticipated “Origin” upgrade until April 7 after the $625-million exploit revealed earlier in the week. By NelWang
Read more »

Finance Redefined: Axie Infinity’s Ronin bridge faces worst hack, Binance launches Bridge 2.0 and moreFinance Redefined: Axie Infinity’s Ronin bridge faces worst hack, Binance launches Bridge 2.0 and moreLast week witnessed most of the top 100 DeFi tokens hit significant highs and the major crypto hack in history, among other hot stories of the blockchain buzz. Don’t miss Finance Redefined and stay on top of the latest crypto stories.
Read more »

Weekend Watch: ETH Soars to 3-Month High, AXS Adds 12% Despite Recent Ronin HackWeekend Watch: ETH Soars to 3-Month High, AXS Adds 12% Despite Recent Ronin HackEthereum has tapped a new three-month high, while Axie Infinity soared by double-digits despite the recent hack against Ronin.
Read more »

Finance Redefined: Axie Infinity’s Ronin bridge faces worst hack, Binance launches Bridge 2.0 and moreFinance Redefined: Axie Infinity’s Ronin bridge faces worst hack, Binance launches Bridge 2.0 and moreLast week witnessed most of the top 100 DeFi tokens hit significant highs and the major crypto hack in history, among other hot stories of the blockchain buzz. Don’t miss Finance Redefined and stay on top of the latest crypto stories.
Read more »

Largest ever crypto theft sees $625 million stolen from the Ronin blockchainLargest ever crypto theft sees $625 million stolen from the Ronin blockchainThe Ronin Network announced that hackers had stolen roughly $625 million in cryptocurrency from its blockchain last Tuesday.
Read more »

Axie Infinity Delays Launch of ‘Origin’ Game Following Massive HackAxie Infinity Delays Launch of ‘Origin’ Game Following Massive Hack.AxieInfinity is delaying the launch of its highly-anticipated “Origin” upgrade until April 7 after the $625-million exploit revealed earlier in the week. By NelWang
Read more »



Render Time: 2025-03-03 15:28:03