AXL Token Soars 53% After Upbit Listing, Surges in Volume and Market Visibility

Axelar (AXLUSDT) experienced a significant price increase of 53.40% over the past 24 hours, with the current price at $0.4889 and a 24-hour open of $0.3187, according to Binance data. This sharp price movement is primarily attributed to the recent listing of AXL on the South Korean exchange Upbit on June 10, 2025, which introduced KRW and USDT trading pairs and generated an initial trading volume of 15.20 million AXL. The listing has substantially improved the token’s liquidity and visibility, driving heightened market interest and trading activity.

In terms of overall market performance, Axelar’s 24-hour trading volume stands at $11,184,289 USD, and its market capitalization is approximately $331 million, ranking it #155 among cryptocurrencies. Despite recent volatility and a year-to-date decline from $0.6629, the current price surge reflects renewed momentum following the Upbit listing, with the token now trading above its recent range and narrowing the gap to its all-time high. Axelar continues to be recognized for its technical developments and utility within its proof-of-stake network, supporting both staking and governance functions.