We are in a period where Bitcoin and altcoins have turned to green. Every development in the crypto market is of great importance. The processes that will develop from now on will directly affect the prices of cryptocurrencies and attract the attention of investors.
DWF Labs, a renowned market maker, made a strategic move by purchasing 2.5 million AXL tokens worth $1.98 million over the Ethereum Network.
This significant transaction occurred 18 hours ago and highlights the interest in Axelar’s potential in the crypto world. This interest could lead to an increase in the AXL price. At the time of writing, the AXL price is trading at around $0.80.
The South Korean exchange Upbit officially listed AXL on the BTC market on December 7th. This move aims to increase Axelar’s visibility and liquidity, attracting a broader audience of crypto enthusiasts and investors.
As the DeFi space continues to evolve, Upbit’s inclusion of Axelar in the BTC market enhances its value and utility in the Blockchain ecosystem. DWF Labs’ purchase of the AXL altcoin demonstrates the presence of significant players in the crypto market and their high expectations for the project.