On Sunday 13 November When Axie Infinity (AXS) made a new price of 4$ and now 5 December the price pumped more than 2x, AXS pumped today more than 25% Open price is $6.68 and is high at $8.8 at the time writing.
Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. We update our AXS to USD price in real-time. Axie Infinity is up 25% in the last couple of hours. The current CoinMarketCap ranking is #51.
Before we moving why the price of AXS is pumping first we look into 13 November when AXS’s price surged more than 200% when the price of AXS is around $6.33.
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Why did Axie Infinity (AXS) surged on 13 November?
On November 13, the price of Axie Infinity is up more than 200% going from $6.33 to $19.12 in just a few minutes. In the next few hours, the price of AXS fell to as low as $3.99, quickly going back to where it had been.
The day when AXS suddenly surge more than 200% then CarlosOMFG a Twitter handle mentioned CZ Binance and Binance Exchange he said “Anyone wondering why #AXS is pumping. Someone, somehow bought a million dollars worth on my @cz_binance @binance account.”
Anyone wondering why #AXS is pumping. Someone, somehow bought a million dollars worth on my @cz_binance @binance account. I have multiple security levels, nobody accessed my account…
I just got REKT. pic.twitter.com/iGOocFZynU
— CarlosOMFGTv (0%) (@CarlosOMFG) November 13, 2022
The pump happened because someone hacked CarlosOMFG Binance account and put in a big buy order for AXS. AXS tokens were bought from his Binance account, causing the price of AXS to go up by 300%, and the account holder got rekt.
No. Never shared anything. I had an API set up and your team confirmed the purchase was made through that API. Deleted everything.
Binance CS were very helpful.
Looking forward to getting my account unlocked.
Also, thanks for reaching out personally.
— CarlosOMFGTv (0%) (@CarlosOMFG) November 14, 2022
After this tweet CEO Of Binance responded to the CarlosOMFG tweet.
Why Today’s Axie Infinity Price Surged more than 25%
The Axie Infinity team announced that it has chosen 700 community members to join the inaugural pilot “season” of the Axie Contributors, who would partake in a newly created “Governance” section on the game’s Discord channel. The team stated its plans to actively work toward an end-state in which “invested” community members would be responsible for making resourcing decisions. In May, the Axie Infinity “Town Builders” collective of well-established community members was established.
The Lunacian: Axie Contributor Initiative Kickoff! https://t.co/Yjs9njT5Rv
— Axie Infinity | #AxieOrigins (@AxieInfinity) December 5, 2022
After the positive news from the Axie community, the price of AXS tokens surged.
The Axie Infinity team has announced plans to decentralize decision-making in the Axie ecosystem, with community members responsible for making resourcing decisions. Earlier this year, the team stated its plans to actively work toward an end-state in which “invested” community members would be responsible for their own development and maintenance.