AXL Token Soars 45% to 6-Month High After Upbit Listing Drives $616M Trading Surge

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 and resulted in a notable spike in trading activity. The Upbit listing announcement acted as the main catalyst, leading to a sharp increase in both price and trading volume, as evidenced by over 15 million AXL traded on Upbit and a 24-hour trading volume exceeding $616 million across markets.

Currently, AXL is trading at $0.4862 on Binance, up 44.96% from the previous day’s open of $0.3354, reflecting strong investor interest and making it one of the top-performing assets in the market over the period. The token’s market capitalization now stands at approximately $491.7 million with a circulating supply of about 936.91 million AXL, and the recent price movement marks a 6-month high for the asset.