Aliens TLDR

Axie Infinity [AXS] is one such example.

Alas, despite the huge wicks, AXS has only risen by 12% in 4 days to trade at $21.2.

Regardless, AXS investors are only focused on accumulation and unbothered by price rise or fall.

Within a little over a month, 1.8 million AXS worth $39.2 million has been pulled from exchanges into investors’ wallets.

And their conviction, irrespective of market conditions, is backed by the fact that except for a single day, AXS holders have not conducted more transactions in profit than they have in a loss since November 2021.

This conviction is not able to draw in more investors to the network since new accounts have not risen since August 2021.