AXOL (SUI: $AXOL) is a meme coin on the SUI Chain blockchain that has been making waves within meme coin circles. The token is based on Axel The Salamander mascot, which symbolizes innovation in the crypto industry.
A Deep Dive Into AXOL
AXOL is a project built on the SUI blockchain that offers a fun and engaging way to understand decentralized finance. The project brings together a community of people working to use the blockchain and technology to shape how future financial systems work.
On Sunday, December 8, the AXOL developer team announced that the token was now accessible to the Solana community via the Wormhole protocol. Wormhole is an interoperability bridge that facilitates the transfer of information and value across various blockchain networks. Initially created as an ETH to Sol bridge, it has evolved into a decentralized interoperability protocol.
AXOL Market Cap Soars
In the past few days, AXOL has seen an explosion in price, with the price peaking at a new all-time high of $0.07905 on Sunday, December 15, 2024. The token has since dropped 23% of its value as investors take profit to $0.06267 per token.
In the past week, the price of AXOL has soared 146.5% as of December 16, 2024, while in the past 30 days, it has gained 434.5%. It has a market cap of $61,008,556, with a 24-hour trading volume of $5,260,514. The token has a total supply of 1,000,000,000 AXOL.
Social Media Following
AXOL has gained a significant following on social media, with 8,838 followers on X and 3,841 members on its Telegram group.
Is AXOL Your Next Big Winner On Sui Chain?
AXOL is currently one of the top 20 coins on SUI by market cap. The SUI network is a relatively new layer one blockchain ecosystem that is already making waves in the crypto world. Thus far, projects on SUI have a total value locked of $1.831 billion, according to DeFiLama. Its native token, SUI, has a market cap of $13.678 billion, and it has risen 648.3% in the past 12 months.
The SUI network aims to overtake Ethereum as the go-to layer blockchain for smart contracts and DeFi with unparalleled skills and scalability. SUI uses the proof of stake (PoS) consensus algorithm to achieve “transaction parallelization,” for huge transaction speeds.
AXOL, which is a relatively new meme coin, has managed to capture the attention of the SUI community, growing its market cap to over $60 million in just a few weeks. Based on the token’s current performance, it is likely that AXOL will continue gaining ground in the coming weeks.
Consequently, adding AXOL tokens to your portfolio could potentially lead to huge gains amid the rising popularity on the SUI blockchain, and its active community.
Click Here For Updates on AXOL – It’s FREE to Sign Up for Text Message Notifications!
Disclaimer: This website provides information about cryptocurrency and stock market investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for educational and informational purposes only. The owner of this website is not a registered investment advisor and does not offer investment advice. You, the reader / viewer, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.