2024

Axelar

Partner

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In today's volatile&nbsp;<a href="https://u.today/bitcoin-whale-sits-on-900-million-profit-after-grabbing-big-btc-chunk-in-2022" rel="noopener noreferrer nofollow">cryptocurrency</a> market, Axelar's AXL token has surged by an impressive 81% following the announcement of its listing on&nbsp;<a href="https://www.binance.com/en/support/announcement/binance-will-list-axelar-axl-with-seed-tag-applied-2eb66d061d214c31a096cff35ede9360" rel="noopener noreferrer nofollow">Binance</a>, the world's largest cryptocurrency exchange. The listing news, which came directly from Binance, triggered a flurry of trading activity, propelling AXL's price to $2.73 per token, marking an astonishing increase from its pre-announcement level of $1.49.
The rapid price movement is a common occurrence associated with Binance listings, as traders anticipate increased liquidity and exposure. Notably, one trader capitalized on the news, making a substantial profit of $56,028 within just eight minutes of the listing announcement.
<blockquote>
 This trader just made $56,028 (+11.21%) in exactly 8 minutes!He/she quickly bought 317,322 <a href="https://twitter.com/search?q=%24AXL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AXL</a> with 500K <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDT</a> right after <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> announced to list Axelar (AXL) at 11:30 AM on Mar-1-24 (UTC),And then sold all tokens for 556K <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDT</a> as the price surged up to 23% afterward.… <a href="https://t.co/sEP5YHn1nR" rel="noopener noreferrer nofollow">pic.twitter.com/sEP5YHn1nR</a>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1763476569060688047?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 1, 2024</a>
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Axelar's meteoric rise comes amid its emergence to provide secure cross-chain communication for Web3. The project's decentralized network and suite of tools aim to facilitate seamless communication between decentralized applications (dApps) across different blockchains.
<h2 dir="ltr" id="what-is-known-about-axelar-axl">What is known about Axelar (AXL)?</h2>
Earlier this week, Axelar made headlines with its partnership announcement with&nbsp;<a href="https://u.today/ripple-president-breaks-silence-on-latest-xrp-ledger-game-changing-move" rel="noopener noreferrer nofollow">Ripple</a>. The collaboration aims to enhance interoperability within the&nbsp;<a href="https://u.today/what-lies-ahead-for-xrp-cardano-and-shib-holders-march-price-history-gives-a-hint" rel="noopener noreferrer nofollow">XRP Ledger</a>, paving the way for the tokenization of real-world assets. By leveraging Axelar's protocol, developers will gain access to over 55 blockchains, enabling the cross-chain deployment of dApps on the XRPL.
The partnership underscores Axelar's commitment to advancing blockchain interoperability and expanding the utility of decentralized finance applications.&nbsp;
As the cryptocurrency market continues to evolve, Axelar's strategic partnerships and listings on major exchanges like Binance position it for further growth and adoption within the blockchain ecosystem.

Ripple Partner Axelar Skyrockets 81% Amid Listing on Major Exchange

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