Axie Infinity Token Price Spikes by 15% Despite $625 Million Hack of Ronin

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Axie Infinity Token Price Spikes by 15% Despite $625 Million Hack of Ronin
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$AXS rallies by 15% in last 24 hours despite recent $625 million Ronin bridge hack

token, AXS, spiked by 15% in the last 24 hours, as a TradingView chart suggests, despite the recent hack that put the whole GameFi project at risk.According to the daily chart, the price of Axie Infinity-related token AXS rallied by 15% in the last 24 hours, once again breaking through a 200-day average resistance. Unfortunately, it swiftly retraced back under the resistance, showing that there is not enough buying power and volume on the market.

The stolen funds have been easily"washed" via decentralized exchanges and withdrawn with no problems whatsoever despite some exchanges and large cryptocurrency trading platforms limiting trading for wallets that had funds related to Ronin bridge.

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