Remember AXS Months of July to August AXS was trading from $4 to $6 made a big hype and changed its fundarmentals made a new ATH $160 to $170 and then users increases and supply per day also but demand got decreased. Even AXS changed Bussniess model with Burning of AXS and SLP to mint new NFTs still downfall started now you can see a visible drop.
Of course, this project is now in a hype and has managed to attract a lot of attention to itself, thus increasing the price of the token dozens of times. It is a very big risk to buy now. There is no telling what the real price of this project will be when the hype subsides. The project made good money for the original investors. The project has already lost a third of its value after reaching ATH, in just 10 days. Often such tokens start to drain the market very badly and then, having reached the bottom, they start to rise again.