Given the way things are going with Axie Infinity (AXS), a more gloomy scenario where the asset keeps losing value is certainly within the realm of possibility.



If investors sell their Axie Infinity (AXS) shares too quickly to cut their losses, the stock could fall even faster.

Less than eleven percent of AXS holders are now profitable as a result of the cryptocurrency's declining price. This is due to the fact that the altcoin is under significant pressure from overall negative market conditions. In the eight months beginning in October 2023, this number was at its lowest.



If investors are in a hurry to offset their losses, a wave of selling can occur when market conditions are unfavorable. There will be more pressure on AXS to lower prices if this occurs.

$AXS