AXL Token Soars 62% After Upbit Listing, Trading Volume Surges Past $419 Million

Axelar (AXL) experienced a significant price surge in the last 24 hours, primarily driven by its listing on South Korea's Upbit exchange with KRW and USDT trading pairs, which triggered a sharp increase in demand and trading activity. The news of the Upbit listing, combined with technical factors such as a breakout from a multi-month falling wedge pattern and bullish momentum indicated by the MACD, contributed to the rapid price appreciation.

Currently, AXL is trading at $0.5310 on Binance, reflecting a 62.14% increase from the 24-hour open of $0.3275. The token reached a 24-hour high of $0.564963 and saw trading volume surge to over $419 million, with its market capitalization now exceeding $500 million and ranking around #113 by market cap.