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Axie Infinity launches bound token bAXS, the blockchain game sector responds with enthusiasm
【Blockchain Rhythm】Axie Infinity recently made a new move—launching a non-tradable token called bAXS, directly bound to player accounts, backed 1:1 by AXS. The purpose of this move is clear: to control inflation and provide more tangible benefits to genuine players. At the same time, the SLP rewards in the Origins mode have also been adjusted, with the same focus on reducing inflation.
Once this news broke, the entire blockchain game and metaverse sectors erupted. Today, various related tokens led the surge in the clone market, with dizzying gains:
AXS surged to $2.06, up 52.2% in 24 hours; STO rose directly to $0.116, up 50.9%; BERA also performed well, with a price of $1.04 bringing a 41% daily increase; RARE, RONIN, SAND, and SLP respectively increased by 28.9%, 16.2%, 15.6%, and 13.2%. This wave of market activity has truly heated up the blockchain game sector.
However, when looking at the entire crypto market, the situation is different. Bitcoin is currently hovering around $94,920, Ethereum at $3,301, and the total market capitalization is $3.305 trillion, down 0.3%. It appears to be a structural rally in the blockchain game sector rather than a market-wide rebound.
Wait, is this increase real, or is it about to crash again?
I sold AXS long ago, I don't believe in this round of market
Binding tokens is just to prevent dumping, smart, but not friendly to us
52%? Fake, I see through it... Can it really rise that much in 24 hours?
Has the blockchain game really turned around? I can't believe it
Emmmm, I've seen this routine too many times, it's all about cutting
Still, wait a bit before jumping in, feels like another wave of harvesting is coming
Why bind tokens? Wouldn't it be better to just give us AXS directly?
Is this serious this time? Or is it another show of a harvest?
It's the old trick of controlling inflation again. A 52% surge is so fierce, I bet fifty cents that there will be another bloodbath later.
Calmly take out a little to see if this rebound is real or if they're just trying to trick me into going all in again.
This time, it feels like Axie is struggling to survive, but on the other hand... I can't help but want to jump in.
Wait, can it really reduce inflation or is it just another dump?
A 52% increase in one day, I'm just watching silently
Is this time Axie finally thinking of the players? A bit late, brother
Feels like it's another scam coin... holders should be cautious
Ha, it's just another round of the classic "harvest the leeks" scheme. I've seen this trick of binding accounts to bAXS many times.
How many days can this rebound last? Betting 5 bucks.
AXS rose by 52 points, but I still don't believe Axie can turn things around.
We were promised to control inflation, but in reality, it's just another way to lock in liquidity.
AXS suddenly surged 52%, this wave of market movement is a bit crazy... but it seems like more follow-the-leader trading has emerged.
The Origins mode now rewards SLP, about time they did this; the previous inflation was too outrageous.
By the way, this time the blockchain game sector is rising across the board. Will it be just a flash in the pan, and fall back in a few days?
I understand the logic of binding tokens, but will users really be willing to pay for it?
bAXS can't be traded, feels like they're just cutting the grass again haha.
This wave of price increase is crazy, but don't celebrate too early, they're waiting to dump.
Axie is messing around again, I really don't know if it's to save or to self-destruct.
A 52% increase... I'll just watch and not act, history always repeats itself.
Every time it comes to blockchain games, as soon as the news comes out, there's a dump. I've been educated about this several times.
Untradeable? Then is it really a token? This move is a bit funny.