AXL Token Soars 55% After Upbit Listing, $30M Sale, and Record Trading Volume Surge

Axelar (AXL) experienced a sharp price increase in the last 24 hours, primarily driven by its listing on Upbit, South Korea’s largest cryptocurrency exchange, which introduced AXL/KRW and AXL/USDT trading pairs. This event significantly boosted market interest and trading activity, with over 15 million AXL traded on Upbit within the first day and a substantial influx of Korean traders. The heightened demand led to a surge in trading volume and market capitalization, further amplified by recent news of a $30 million AXL token sale involving prominent investors and ongoing institutional partnerships aimed at expanding interoperability and tokenization initiatives.

As of June 10, 2025, AXL is trading at $0.5169 on Binance, reflecting a 55.27% increase from the 24-hour open of $0.3329. The token’s trading volume spiked to over $568 million, and its market capitalization rose to approximately $529 million, positioning AXL near the top 100 cryptocurrencies by market value. The price surge broke a multi-month downtrend and established new highs for 2025, underscoring strong bullish momentum following the Upbit listing.