AXL Token Soars 59% After Upbit Listing, Hits Highest Price Since December 2024

Axelar (AXL) experienced a significant price surge in the past 24 hours, primarily driven by its listing on the South Korean exchange Upbit on June 10, 2025. The announcement of new KRW and USDT trading pairs on Upbit triggered a sharp increase in both trading volume and market interest, resulting in a breakout from a prolonged downtrend and a rapid price escalation. Technical indicators, including a bullish MACD and a breakout from a falling wedge pattern, further supported the upward momentum.

As of the latest Binance data, AXL is trading at $0.5248, reflecting a 59.32% increase from the 24-hour open of $0.3294. Trading volumes have surged, and the token has reached its highest price levels since December 2024, with market capitalization fluctuating above $500 million. The Upbit listing is the primary catalyst for the current price action, supported by strong positive sentiment and elevated buying activity across major exchanges.