Withdrawal Risk for AXS: Whales Increase Position Despite Price Drop

The conflict between whale activity and price dynamics creates an uncertain landscape for Axie Infinity (AXS). While large investors have exponentially increased their holdings by approximately 160,000 AXS tokens, the currency is facing an accelerated short-term pullback. Current data as of January 31, 2026, shows a price of $1.93, reflecting a 32.56% decrease over the past seven days, a clear signal that volatility continues to dominate the market of this GameFi project.

Whale Activity Contradicts Downward Trend

NS3.AI analysis reveals a fascinating detail: amid a recent 17% price decline, whales have not hesitated to exponentially increase their positions. This strategic move suggests that institutional actors see the current situation as a buying opportunity, not a structural problem. However, the divergence between the increase in whale holdings and the price decline raises questions about the true strength of this support. After a previous 41% increase, a drop of over thirty percent in just one week demonstrates the extent of oscillations in which the AXS market operates.

Extreme Volatility and Critical Support Levels

Technical indicators reveal a clear tension between supply and demand. The price has already reached the previously mentioned support level of $2.54, and with the current quote at $1.93, the currency is below this critical threshold. Losing this level would mean a 24% decline from the reference point, which could trigger a much larger pullback if selling volume intensifies. The negative momentum in the last 24 hours (-9.02%) underscores the selling pressure on the market.

Technical Signals Indicate Pullback Risks

The technical outlook clearly shows that, although whales are accumulating, market mechanisms indicate a possible further retreat. The initial support level has already been breached, and the next psychological barrier could be around $1.50. The pullback scenario is not just a theoretical threat but a reality based on concrete price and volume data. If selling pressure persists, investors should closely monitor volumes and price formations to anticipate the next major move.

The confrontation between whale confidence and technical reality creates a high-risk situation for medium-term holders. A deeper pullback cannot be ruled out as long as volatility remains so pronounced and support levels do not stabilize.