Токен Axelar теряет 17,8% после приобретения Circle и утраты интереса инвесторов Translation: Axelar Token Loses 17.8% After Circle Acquisition and Investor Disinterest

The quotes for Axelar’s native token (AXL) dropped by 17.8% following the announcement that Circle agreed to acquire Interop Labs, a key developer of the protocol.

The company has taken on the engineering team and intellectual property. The network, the Axelar Foundation, and the token will maintain their independence and continue to operate under community governance.

Team members from Interop Labs will join Circle to work on payment infrastructure. The support and development of the Axelar ecosystem will be handled by Common Prefix.

This acquisition will enable Circle to enhance asset compatibility within the Arc network alongside other blockchains and expand software developer tools for creating multi-chain applications. The deal is expected to close in early 2026.

The market reacted swiftly, leading to a sell-off of the asset. Traders realized that the acquisition does not provide immediate value for AXL holders. The token has neither received buyer support nor a share in revenue distribution.

This situation raises questions about the assumption that a protocol’s success automatically translates to an increase in its token’s price. Major players are interested in teams and technologies but may disregard associated assets if they are not structurally linked to the transaction.

At the time of writing, AXL was priced at $0.11, reflecting an 88% decline over the year.

As a reminder, in November, Coinbase and stablecoin startup BVNK abandoned a $2 billion acquisition deal.