Axelar Token Lost 15% Value After Circle Agreement

Axelar Token Experiences Sharp Decline

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

Evaluation of Crypto M&A Deals

This transaction highlights 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 benefit the associated tokens.