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

Axelar Token Sees Sharp Decline

Circle is acquiring the Interop Labs team and intellectual property. However, this deal does not include the Axelar network or the AXL token. Since this situation does not directly affect AXL token holders, the value of the AXL token has decreased by 13%.

An Assessment of Crypto M&A Agreements

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