Mystery of the whale wallet holding 50% of Axie Infinity’s SLP supply
For nearly a year now, a mysterious Axie Infinity wallet has been quietly amassing billions of Smooth Love Potion (SLP), the in-game cryptocurrency powering one of the industry’s most popular play-to-earn (P2E) crypto games. Today, the anonymous whale wallet now holds a little over 22 billion SLP — more than 50% the total circulating supply […]
Axie Infinity: AXS price risks deeper losses despite 90% drawdown already
Axie Infinity (AXS) has dropped by roughly 90% after peaking out at $172 in November 2021. AXS’s sharp correction has made it one of the worst performing digital assets among the top-ranking cryptocurrencies. Moreover, it could undergo further declines in the coming months, according to a mix of technical and fundamental catalysts listed below. Low […]
Axie Infinity player buys two houses in the Philippines from in-game profits
An Axie Infinity player from the Philippines bought two houses with his earnings from the popular crypto-powered play-to-earn game. Earlier this month, 22-year-old John Aaron Ramos, who plays under the pseudonym “Magnus TV,” took to social media to announce that he had purchased two houses in the Philippines from profits earned playing Axie Infinity. In […]