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$GMT $SAND Chasing the upward move is very normal; when a sector heats up, capital will first sweep the old stocks.
$AXS First, the launch of bAXS (Bonded AXS) binding mechanism locked in a large amount of supply (reportedly over 60% locked). I just looked at the buy orders and indeed there is a lot of capital buying in, but the overall GameFi still faces challenges (user attrition, fierce competition). The future trend depends on the actual effectiveness of bAXS and the Ronin L2 migration.
Additionally, other blockchain game tokens have also surged along with it $GMT $SAND and others.