Axie Infinity drops 12.3% after sellers reject $1.25

Axie Infinity’s AXS pulled back after sellers emerged around $1.25, with the token trading at $1.03 at press time, down 12.3% over the last 24 hours. Trading volume rose 67.3% to $71.34 million, indicating activity stayed elevated during the decline. Buyer-dominant spot order flow and falling exchange reserves remained supportive, according to CryptoQuant analytics.