@Axelar Network Axelar (AXL) On-Chain(Ethereum) & Trading Analysis:
On-Chain Perspective:

Smart Money: A slight decrease in Smart Money holdings (-0.08% over 7 days) suggests a potential lack of strong conviction from this group.
Smart DEX Traders: A significant increase in holdings (358.59% over 7 days) suggests strong bullish sentiment from active traders. This is further supported by the high cumulative volume ($8.21M) over 24 hours, indicating substantial buying pressure.
Top 200 Holders: A slight increase in holdings (0.21% over 7 days) indicates a generally positive sentiment from large holders.
Whales: A notable increase in holdings (20.04% over 7 days) suggests strong accumulation from whales.

Trading Perspective:

Volume: The 24-hour volume across all markets is relatively high (55.98M), indicating significant trading activity. However, the 24-hour DEX volume is significantly lower (460.29K), suggesting a potential shift in trading activity away from decentralized exchanges.
Price Action: The recent price action is not provided, so it's impossible to comment on the current trend.
Overall Assessment:

The on-chain data suggests a mixed sentiment towards @axelar . While Smart DEX Traders are accumulating, Smart Money and Top 200 Holders show minimal activity. The high volume across all markets indicates significant trading activity, but the lower DEX volume suggests a potential shift in trading venues. @Axl_Ecosystem #AXL $AXL

https://icrypto.ai/ethereum/token/0x467719ad09025fcc6cf6f8311755809d45a5e5f3/?ref=bgO5O6kb