AXS leads gains with +12.45% intraday; GLM posts largest decline at -2.89%

Published: 2026-01-17 02:18:24 |

Market snapshot (OKX): Axie Infinity Shards (AXS) outperformed the session, rising 12.45% to $1.383. Other notable intraday gainers included The Sandbox (SAND) +11.70% at $0.132, Enjin Coin (ENJ) +11.65% at $0.0328, Ronin (RON) +9.19% at $0.158, and Celestia (TIA) +8.85% at $0.591. On the downside, Golem (GLM) led losses with a 2.89% drop to $0.275. Additional decliners were Internet Computer (ICP) -1.64% at $4.083, Chiliz (CHZ) -1.24% at $0.0580, UNUS SED LEO (LEO) -0.18% at $8.903, and Bitcoin Cash (BCH) -0.02% at $599.7. This update is a market data summary and does not constitute investment advice.

Neutral

This report is a brief market snapshot showing individual token price moves on OKX rather than news of fundamental changes, partnerships, listings, or macro developments that typically drive sustained trends. AXS’s 12.45% intraday surge and several double-digit gainers suggest short-term speculative buying or rotation into gaming/metaverse tokens; such moves can fuel momentum trades but often lack staying power without supporting fundamentals. GLM’s 2.89% decline is modest and concentrated, indicating limited immediate downside risk to broader markets. Short-term impact: increased volatility and trading volume for the highlighted tokens, offering intraday trading opportunities and potential quick profit-taking/stop-loss triggers. Long-term impact: neutral unless price moves are followed by on-chain activity, news, or listings; without those, these are likely transient fluctuations. Similar past snapshots of isolated altcoin rallies/dips have produced brief momentum plays followed by mean reversion when no catalyst emerges.