Metaverse tokens like Flow (FLOW), Axie Infinity (AXS), Sandbox (SAND), and Apecoin (APE) have recorded significant gains over the past 24 hours. AXS, Axie Infinity’s governance token, surged as much as 25.6%, emerging as the largest gainer among the top 100 cryptocurrencies.
At the time of writing this article, AXS was trading at $8.11 as per data from CoinMarketCap. The token saw a rocky 2022 and lost nearly 94.8% of its value from an all-time high of $164.90 in November 2021. The trading volume for Axie Infinity, as per NFT data platform CryptoSlam, fluctuated between $18,000 and as high as $48,000 over the past couple of weeks.
With today’s bullish price action, around $20,000 in AXS short trades were liquidated in the past 24 hours. FLOW rallied more than 5.5%. It has been changing hands at $1.14. This token gained 2.16% in the last 24 hours. FLOW lost 97.3% of its value after an all-time high of $42.40 in April 2021. As for the Ethereum-based token APE (Apecoin), which has been created for the Bored Ape Yacht Club (BAYC) ecosystem, it gained 3.07% in the last 24 hours and was trading at $4.10.
Sandbox’s token SAND was up by 6.46% and changing hands at $0.619. The majority of the altcoins are flashing in green. But it remains to be seen whether the tokens will keep up the momentum throughout the week.