{"id":92273,"date":"2025-12-16T16:42:13","date_gmt":"2025-12-16T13:42:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=92273"},"modified":"2025-12-16T16:46:01","modified_gmt":"2025-12-16T13:46:01","slug":"axelar-token-drops-nearly-18-following-circle-deal","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/axelar-token-drops-nearly-18-following-circle-deal\/","title":{"rendered":"Axelar Token Drops Nearly 18% Following Circle Deal"},"content":{"rendered":"

The native token of the Axelar network (AXL) fell by 17.8% following the announcement that Circle agreed<\/a> to acquire Interop Labs, the main developer of the protocol.<\/p>\n

\"Axelar
Source: CoinGecko<\/a>.<\/figcaption><\/figure>\n

The company acquired the engineering team and intellectual property. The network, Axelar Foundation, and the coin will remain independent and continue to operate under community governance.\u00a0<\/p>\n

Interop Labs employees will join Circle to work on payment infrastructure. The company Common Prefix will handle further support and development of the Axelar ecosystem.<\/p>\n

The acquisition will enable Circle to enhance asset interoperability in the Arc network<\/a> with other blockchains and expand software developer kits for creating multichain applications. The deal is expected to close in early 2026.<\/p>\n

The market reacted to the news with a swift sell-off of the asset. Traders realized that the acquisition does not directly benefit AXL holders. The token received neither support from the buyer nor a share in revenue distribution.<\/p>\n

This event casts doubt on the belief that a protocol’s success automatically boosts its token’s price. Major players are interested in teams and technologies but may overlook associated assets if they are not structurally tied to the deal.<\/p>\n

At the time of writing, the AXL price rose to $0.11. However, the coin has dropped 88% over the year.<\/p>\n

\"AXLUSDT_2025-12-16_16-11-42\"
15-minute AXL\/USDT chart on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

Back in November, Coinbase and stablecoin<\/a> startup BVNK abandoned<\/a> a $2 billion acquisition deal.<\/p>\n","protected":false},"excerpt":{"rendered":"

The native token of the Axelar network (AXL) fell by 17.8% following the announcement that Circle agreed to acquire Interop Labs, the main developer of the protocol.<\/p>\n","protected":false},"author":1,"featured_media":91973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Axelar token fell by 17.8% after Circle's acquisition of Interop Labs.","creation_source":"ai_translated","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1220,1145,596],"class_list":["post-92273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-circle","tag-market-analysis","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"222","promo_type":"1","layout_type":"1","short_excerpt":"Axelar token fell by 17.8% after Circle's acquisition of Interop Labs.","is_update":"0","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=92273"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92273\/revisions"}],"predecessor-version":[{"id":92274,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92273\/revisions\/92274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/91973"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=92273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=92273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=92273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}