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Once valued at over $40 billion.


A top-20 cryptocurrency.
People were quitting their jobs to play it.
Now, Axie Infinity $AXS is down ~99% from its all-time high.
What happened?
post-image
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AXSAXS+0.21%
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MemeKingBack
3 hours ago
The Ponzi structure can no longer hold up: the pace of new players entering cannot keep up with the cash-out demand of existing players, making a collapse only a matter of time.
0View Original
PaperHandAce
3 hours ago
Have those people who originally quit their jobs to make money in crypto gone back to look for work now?
0View Original
GasCatcher
4 hours ago
The gameplay is too weak, relying purely on its economic model to attract users, with no sustainable entertainment value.
0View Original
PermissionZero
4 hours ago
The team took too much, the tokenomics are unbalanced, and players became exit liquidity.
0View Original
StopLossPin
5 hours ago
First Review
A 99% drop isn’t news in crypto, but Axie was once so widely known that it’s genuinely bittersweet.
0View Original
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