Axie Infinity’s AXS jumps 40% on activity surge as leverage and shorts rise

Axie Infinity’s AXS token posted a sharp move, gaining roughly 40% as activity picked up and volume rose, according to the CoinDesk feed published on AMBcrypto.

The same source says the rally tested the $1.60 resistance level. That framing matters. Testing a level is not a confirmation of a sustained breakout. It is a snapshot of where traders are pressing right now.

AMBcrypto also reports that leverage and shorts increased market tension. In practical terms, that points to a more fragile tape, where positions can unwind quickly if sentiment flips.

For AXS holders and traders, the key detail is the mix of catalysts and risk signals. Rising activity and volume can lift prices. Leverage and short positioning can also amplify volatility, especially near notable levels like $1.60.

This is market data, not a verdict on where AXS goes next. Assets like AXS come with risk, and the next move can be messy when leverage and shorts pile in.