Axelar Token lost 15% in value after the Circle agreement.

Significant Drop in Axelar Token

Circle is acquiring the Interop Labs team and its intellectual property. However, this deal does not include the Axelar network and the AXL token. This situation has led to a %13 drop in the value of AXL tokens, as it does not directly affect AXL token holders.

An Evaluation 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 noteworthy that such mergers do not directly benefit the associated tokens.