Axelar Token lost 15% of its value after the Circle Agreement.

Sharp Decline in Axelar Token

Circle is acquiring the Interop Labs team and intellectual property. However, this agreement does not cover the Axelar network and AXL token. This situation led to a %13 decline in the value of AXL token, as it does not directly affect AXL token holders.

An Assessment of Crypto M&A Agreements

This agreement illustrates that mergers and acquisitions in the cryptocurrency sector typically focus on teams and technology. However, it is also noteworthy that such mergers do not directly benefit the associated tokens.