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.
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.
10 Likes
Reward
10
9
Repost
Share
Comment
0/400
StableBoi
· 01-19 19:03
Hey, wait a minute, has SLP mining really stopped? This time, you're not going to stand us up again, are you...
View OriginalReply0
CryptoFortuneTeller
· 01-19 02:58
Wait, has SLP really stopped mining? I kept hearing that they were going to cut it but never did. Is this for real this time...
View OriginalReply0
SillyWhale
· 01-18 09:57
Oh no, SLP mining has stopped, now the robot has to take a break.
View OriginalReply0
AltcoinHunter
· 01-18 09:56
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
· 01-18 09:55
Damn, this is really happening. Once SLP mining stopped, a bunch of dumping bots disappeared. Feels good.
View OriginalReply0
OPsychology
· 01-18 09:54
Damn, finally removed SLP mining. Those bots that were mining and selling tokens before were really disgusting.
View OriginalReply0
BlockchainArchaeologist
· 01-18 09:53
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
· 01-18 09:52
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
· 01-18 09:51
Damn, I didn't expect SLP mining to stop like this. No wonder the arbitrage opportunities for bots are gone.
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.