Axie Infinity (AXS) was worth about $0.97 at the start of 8 September 2026. CoinGecko's daily snapshot for that date shows $0.9675, a market capitalisation of $168.8 million and $23.4 million in 24-hour trading volume. The bigger news that week was in the game. Sky Mavis's last competitive season for Axie Classic ended on 2 September, and the studio said it would pause regular seasons and active development of Classic once the season's events finished on 10 September. Seven weeks later, on 24 October 2026, AXS closed at $0.958 according to CoinGecko, almost exactly where it started.
The numbers on 8 September 2026
| Metric (CoinGecko, 8 Sept 2026 daily snapshot) | Value |
|---|---|
| Price | $0.9675 |
| Market capitalisation | $168.8 million |
| 24-hour volume | $23.4 million |
| All-time high | $164.90 (6 November 2021) |
| Distance from all-time high | about 99.4% below |
| Total and maximum supply | 270 million AXS |
CoinGecko's coin page gives the all-time high as $164.90. Other data providers put the peak on the same day, 6 November 2021, but list slightly different prices ($163.89 to $165.37), depending on which venues they aggregate.
What happened in the game that week
Axie Classic's last season under Sky Mavis
On 12 August 2026, Sky Mavis opened Axie Classic Competitive Season 16. Its arena ran until 2 September at 00:00 UTC, and the season carried more than 36,000 bAXS in rewards: 14,500 bAXS for the guild leaderboard, 4,500 bAXS for the arena leaderboard, 3,000 bAXS for the season champion, 500 bAXS per day in mini tournaments and a 5,000 bAXS pool for a champions invitational.
The same post said: "we'll be pausing regular competitive seasons and active development for Axie Classic," and "Classic quests will also be removed from the Bounty Board when everything wraps on September 10." Sky Mavis added that it was "working toward handing Classic's continued development and direction over to the community." At the time, it had not published a governance or funding structure for that handover.
Why it matters for the token
bAXS was the reward currency for every Classic competition in this period. Ending regular Classic seasons therefore removes one of the routine ways players earned bAXS in a game that had run seasonal competitions for years. The announcements give no figures on how many players this affects.
Axie Classic's handover, step by step
What changed for Axie Classic and bAXS rewards between the last Sky Mavis season and 25 October 2026?
- 12 August 2026Season 16 opensdone
Sky Mavis opened Axie Classic Competitive Season 16 with more than 36,000 bAXS in rewards, including 14,500 bAXS for the guild leaderboard and 4,500 bAXS for the arena leaderboard.
- 2 September 2026Season 16 arena closesdone
The arena ended at 00:00 UTC. This was the last competitive season for Axie Classic under Sky Mavis.
- 8 September 2026AXS at about $0.97done
CoinGecko's daily snapshot showed $0.9675, a market capitalisation of $168.8 million and $23.4 million in 24-hour volume.
- 10 September 2026Regular seasons pauseddone
Sky Mavis said Classic quests would leave the Bounty Board once everything wrapped up on this date, and that regular seasons and active development would pause.
- 16 September 2026Offseason opens, CORC formeddone
Quests and Tower Mode came back for the offseason. Axie Governance formed CORC to run Classic after Sky Mavis, paid for by the ecosystem fund for now.
- 19–20 September 2026Season Championshipdone
The top 16 arena players played for a 3,000 bAXS prize pool.
- 27 September 2026Champions Invitational beginsdone
Eight qualifiers from Seasons 13–16 entered a double-elimination bracket with a 5,000 bAXS pool, including 2,100 bAXS for first place.
- 16 October 2026Waypoint wallet deadlinedone
Sky Mavis had told users to move their assets out of Ronin Waypoint wallets by this date. bAXS and badges had to be migrated separately.
- 14 October 2026IP moving to the Axie Foundationannounced
Sky Mavis said Classic's IP is moving to the Axie Foundation, pending legal steps. It also plans to raise the level cap from 60 to 120 but has given no date.
- 24 October 2026AXS closes at $0.958done
Seven weeks after the snapshot, CoinGecko's daily close was almost exactly where the week of 8 September started.
- 7 November 2026Vibeathon round two closesexpected
Eight finalists compete for a 20,000 bAXS prize pool, and a showcase follows on 12 November.
This timeline covers only dates from Sky Mavis's blog and CoinGecko prices up to 25 October 2026. It cannot show how many players or how much bAXS demand each step affected, and the legal transfer has no date yet.
What has changed since (to 25 October 2026)
- 16 September: The S16 offseason opened with quests and Tower Mode. The Season Championship for the top 16 arena players ran on 19–20 September, with a 3,000 bAXS prize pool. Sky Mavis said Axie Governance had formed CORC (Classic Origins Resurrection Committee) to run Classic after Sky Mavis. CORC is funded by the ecosystem fund for now and will move to the Community Treasury over time. The remaining step is legal work to transfer the IP and infrastructure.
- 27 September: The Axie Classic Champions Invitational began, with eight qualifiers from Seasons 13–16 in a double-elimination bracket and a 5,000 bAXS pool (2,100 bAXS for first place).
- 2 October: Sky Mavis told users to move assets out of Ronin Waypoint wallets (also called Social Login, Keyless or MPC wallets) before 16 October, because Waypoint is being shut down. It warned that assets left there "may become inaccessible." bAXS and badges had to be migrated separately through Axie's migration page.
- 14 October: The first round of the Axie Vibeathon drew 91 playable games, against the 30–40 the organiser expected. Eight finalists go through to a second round that closes on 7 November, with a showcase on 12 November and a 20,000 bAXS prize pool. In the same recap, Sky Mavis said Axie Classic's IP is moving to the Axie Foundation, pending legal steps. It also said a level-cap increase from 60 to 120 is planned, with no date given.
- 24 October: Terrariums: Halloween 2026, the first limited-time Terrariums event, went live. It runs until 7 November and gives extra Atia's Flame to Nightmare Axies. The post mentions no token rewards.
Price since the snapshot
CoinGecko's daily closes for 19–24 October 2026 ranged from $0.958 to $1.058, with market capitalisation between $173.7 million and $185.8 million. On 25 October the coin page showed $0.9246 and a market capitalisation of $162.4 million. Seven weeks of development news did not move AXS far from its 8 September level.
How to read a page like this
- Snapshot prices depend on the time of day. CoinGecko's historical value for a date is a single daily snapshot, not that day's closing auction.
- The distance from the all-time high describes the past. It is not a target.
- Game announcements are more useful than price moves for judging token demand. Check whether reward pools are growing or shrinking, which games still run seasons, and whether wallet migrations are finished on time.
Limitations: game details come only from Sky Mavis's own blog posts, the market data comes only from CoinGecko, and this is not investment advice.
