AXL Token Surges 48% After Upbit Listing, Trading Volume Tops 15 Million AXL in 24 Hours

Axelar (AXLUSDT) experienced a sharp price increase in the past 24 hours, primarily driven by its new listing on the South Korean exchange Upbit, which introduced KRW and USDT trading pairs and generated over 15 million AXL in trading volume during the initial period. This event triggered a breakout from a multi-month downtrend, resulting in a surge of approximately 48.56% from a 24h open of $0.3371 to a current price of $0.5008, as reported by Binance. The price reached as high as $0.58, with technical indicators such as the MACD signaling continued bullish momentum. Market capitalization now stands near $491.7 million, and 24-hour trading volume has spiked to over $616 million, reflecting heightened market activity and renewed investor interest following the Upbit listing.