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

Significant Drop in Axelar Token

Circle is acquiring the Interop Labs team and intellectual property. However, this deal does not include the Axelar network or the AXL token. This situation caused the value of the AXL token to drop by 13% since it does not directly affect AXL token holders.

A Review of Crypto M&A Deals

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