AXS Token Experiences Sharp Swing in Recent Trading

The AXS market has been quite the rollercoaster lately. Starting strong on January 14, the token climbed to roughly $230M in market cap—a solid 50% jump in just two days. Pretty impressive momentum. But the celebration was short-lived.

By the next day, January 15, things reversed course. The token pulled back over 14%, bringing the market cap down to approximately $208M. That's a significant retreat from the earlier peak, though still above where it started the week.

Such volatility isn't uncommon in the crypto space, especially with lower-cap tokens. Traders watching AXS will want to keep an eye on whether this retracement is just a healthy pullback or signals a broader shift in sentiment.