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Recently, the AXS token of Axie Infinity experienced a rare rapid surge, and this market movement is indeed somewhat outrageous. Ultimately, it all comes down to the whales pushing up the price.
By observing the current state of the game itself, it’s clear that the number of users participating has already significantly declined, and there are no large influxes of new players buying and holding AXS. Since there’s no genuine game demand driving the token price, the remaining motivation can only come from market manipulation.
Over the years, I’ve encountered many blockchain game projects, and an increasingly obvious phenomenon is that the token issuance games all eventually evolve into the same routine—product for product, token for token, two completely parallel lines that do not interfere with each other. Only when it’s necessary to boost the token price will some positive news suddenly be released to coordinate.
Having suffered many losses in this process, I’ve gradually come to understand: never link the actual operation of blockchain games with the token price. They are fundamentally two different things. After a market rally, someone needs to step in at this high level to take the position; otherwise, a dump is inevitable. As for who the whales are and who will buy in at the current price, the answers to these questions are both vague and painful. Anyway, I won’t be trying.
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It's the same old trick, always the same.
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Axie has been out of the game for a long time, still pumping the price, hilarious.
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I've seen through the separation of products and coin prices a long time ago, very predictable.
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Waiting to see who will buy at this price, but it won't be me.
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The popularity of real games is gone, yet the coin price is still rising? Wake up, everyone.
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Chain games are just like this, after so many years still stuck in this cycle.
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Pump with good news, dump to find a sucker, same old story.
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Don't tell me about the game's prospects, look at how many people are still playing Axie now?
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The market makers are making a killing, retail investors crying at high prices.
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Two parallel lines are indeed a perfect description; the product's fate has nothing to do with the coin price.
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AXS this wave is purely manipulated by the whales, with the game's popularity dropping so much, who would still buy it genuinely.
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I've seen through blockchain games; it's just two parallel lines, only when they want to pump the price do they pretend to be related.
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Buying at high levels is really stupid; I won't fall for it anymore.
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It's always like this: good news causes the price to soar, and then nothing happens afterward.
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Basically, it's a game of musical chairs; who dares to buy at this price will be the unlucky one.
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The user base for Axie has already fallen off the radar, and they still have the nerve to pump the coin? That's ridiculous.
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The product and the token are now separate, each living their own lives; only when they want to pump do they remember they exist together.
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My painful lesson is not to trust any rise in blockchain games; nine times out of ten, someone is just cutting the line.
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The current coin price has nothing to do with the game at all, and that's what hurts the most.
Only after being trapped do you understand—chain games are two parallel lines, with token price and gaming experience not interfering with each other. In the end, someone still has to take the final baton.
After pumping the price, they dump it—such a routine is so old. I won't touch this price level at all. A risk warning: this kind of thing is really not worth gambling on.
The daily active users of the game are obviously declining, yet they keep forcing positive news. I just want to know who is buying at high levels this round. Let's wait and see how the story unfolds.
User decline is so obvious, yet the price is still rising rapidly? There must be big players manipulating the market. To be continued...