Since people keep messaging me asking why the $AXS price is rising so unnaturally, I try to explain it like this:
Everything started before January 15, when Sky Mavis unstaked a large portion of their AXS holdings and moved them across several exchanges, most notably Nexo, and then on to other major exchanges.
Before January 15, nearly 60 million AXS were staked. As of January 21, that number has dropped to around 48 million.
The fact that over 12 million AXS left Ronin while the price tripled only makes sense because Sky Mavis and some institutions are using these AXS as collateral on exchanges, applying leverage to liquidate short sellers and making enormous amounts of money in the process.
In reality, there is no fundamental reason for AXS to perform well right now. All recent news around Axie Infinity and AXS has been bearish.
On-chain data clearly shows almost no spot demand, especially when compared to trading volume.
On top of that, AXS staking rewards are ending in a little over one month. According to the whitepaper, staking was supposed to end on December 31, 2025, but Sky Mavis later claimed this was a mistake and extended it only until March.
There is no logical reason why $AXS should outperform $RON.
If you sold spot at these price levels , like @Psycheout86 did then you did everything right.
@Ronin_Network
So where are all those mfs who have been insulting me as “fudder” for the past 1.5 years?
You didn’t want to listen, and we’re almost in 2026 and there’s one thing I have to say: they played you really well. “You should be glad if Sky Mavis doesn’t say goodbye next year with a tweet like other studios. A bear market is ahead.”
The questions on Discord won’t be: “Is Tengri winning?” anymore,
but rather: “Why did Tengri win 😁 $RON $AXS @Ronin_Network
🚨☠️🔜☠️I want to publicly thank you again. I went through it, and yes-this is the final deathblow. It’s not just $RON, $AXS; I’m blown away. It’s so complex that I’ll need some time to process it. And hey, I’ve always said there are honorable guys at Skymavis, too. What you’ve dropped here is like an atomic bomb plus a hydrogen bomb combined. Thank you 👏 #togetherweareevenstronger @Ronin_Network
Our unexpected hero😂
After months of💣 $RON with million-dollar dumps and sending it straight to $0.30,and somehow saved the market.Big players had buy walls between $0.35-0.25 waiting for his“usual performance.This time, the dump actually stabilized the price. Congrats Trung 🔥
Any project out there in the entire web3 space where the game is BURNING ~25% of circulating supply in a year entirely from revenue?
Any game in @Ronin_Network or @Immutable?
@playwildforest is the only one I am aware of🔥
You still sleeping @Jihoz_Axie ?