AXS Rises 13.34% to $1.37 as Volume Figures Diverge

Axie Infinity’s AXS token rose 13.34% to $1.37 in a 24-hour snapshot on Oct. 4, while differing volume figures leave the trading activity behind the gain unclear.

The snapshot listed $99.03 million in 24-hour volume. A separate figure put volume at $146 million and described it as down about 5%. The figures do not establish whether AXS trading activity increased or declined.

A negative funding rate can mean short positions are paying long positions. That reading alone does not establish that most traders are short or indicate the direction of a future price move.

The divergent volume figures do not establish whether trading activity strengthened during the gain.