AXL Token Soars 48% After Upbit Listing and $30M Sale, Hits Top 120 by Market Cap

Axelar (AXL) experienced a significant price surge in the past 24 hours, primarily driven by its listing on Upbit, South Korea's largest cryptocurrency exchange, which introduced KRW and USDT trading pairs on June 10, 2025. This event triggered a sharp increase in demand and trading activity, resulting in a 48.27% price rise from a 24-hour open of $0.3358 to a current Binance price of $0.4979. Additional positive momentum came from the announcement of a $30 million AXL token sale involving prominent investors and plans to expand stablecoin use and real-world asset tokenization in partnership with major financial institutions.

Currently, AXL is trading at $0.4979 with a substantial increase in trading volume and market capitalization, reflecting strong market interest and positioning Axelar among the top 120 cryptocurrencies by market cap. The recent rally marks a break from its previous downtrend, with AXL outperforming broader market benchmarks over the same period.