2026-01-18 09:27:30

Axie’s recent market surge at the start of the year has been incredible, skyrocketing from around $0.79 near New Year’s Day to over $2.26, nearly tripling in just over half a month.

There are several solid reasons behind this rally:

First, the issue of SLP inflation has finally started to move. Starting January 7th, the infinite minting of SLP tokens in the game has completely stopped. With this move, the "mining and selling" routine used by script bots has been effectively invalidated, significantly reducing token selling pressure. The market has taken a breath.

Secondly, the project team has been active as well, launching a new mechanism backed 1:1 by Axie tokens. This direct asset backing can boost investor confidence and provide strong support for the token price. Innovation in mechanism design combined with inflation relief—two catalysts working together.

SLP-8.34%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
7
Repost
Share

Comment

0/400

SillyWhale

· 8h ago

Oh no, SLP mining has stopped, now the robot has to take a break.

View OriginalReply0

AltcoinHunter

· 8h ago

Wait, is SLP mining really stopped? Isn't this another "wolf is coming" situation? Didn't they say before they would cut inflation... Forget it, anyway, the fact that this wave surged from 0.79 to 2.26 is visible enough. The "mine-sell-claim" deadlock of the bots was really broken, which is a bit desperate. But this 1:1 backing scheme, I really want to see the terms clearly, after all, there are too many tricks in the crypto world. By the way, a 3x turnaround, it's those early traders showing off again. SLP really has to stop producing for it to count; otherwise, this is just a rebound. You know what a rebound is, right?

View OriginalReply0

metaverse_hermit

· 8h ago

Damn, this is really happening. Once SLP mining stopped, a bunch of dumping bots disappeared. Feels good.

View OriginalReply0

OPsychology

· 8h ago

Damn, finally removed SLP mining. Those bots that were mining and selling tokens before were really disgusting.

View OriginalReply0

BlockchainArchaeologist

· 8h ago

Wow, did SLP mining just stop abruptly? I didn't see this coming. It seems like the era of bot arbitrage has truly come to an end.

View OriginalReply0

SeasonedInvestor

· 8h ago

Oh no, SLP has finally stopped mining. It should have been like this earlier. The group of bots mining and selling Tether was so annoying. This rebound is real, but I’m still a bit hesitant at over $2. I need to wait and see if it can stabilize before making any moves.

View OriginalReply0

BlockBargainHunter

· 8h ago

Damn, I didn't expect SLP mining to stop like this. No wonder the arbitrage opportunities for bots are gone.

View OriginalReply0