Inspired by a viral Twitter thread, Simon tweeted on May 6, 2025, that the revival of discussions on Web3 gaming, sparked by Simon, has rekindled conversations on what drives gamers in blockchain-based games relative to conventional Web2 titles. Beginning in 2022, this revived conversation questions the popular criticism that Web3 lacks “good games.” It misses the point: Web3 gaming aims not to reproduce Web2 experiences. Rather, it presents a fresh value proposition based on digital ownership, distributed economies, and actual financial incentives via NFTs and tokenized games.
Web3 products are carving out a separate lane, just as free-to-play (F2P) mobile games upset the console-dominated gaming industry in the early 2010s. Their appeal stems from their capacity to combine financial involvement with enjoyment as much as from gameplay. This basic change is starting to affect not only player actions but also financial markets.
Web 3 Sentiment and Token Price Impact
Web3 gaming tokens answered quickly to the revived social conversation on May 6, 2025. CoinGecko reports that Axie Infinity’s AXS token surged 4.2% to $7.85 within two hours of Simon’s tweet gathering traction. Riding the wave of positive feeling, Decentraland’s MANA rose 3.8% to $0.45 around lunchtime. These brief surges highlight how instantly narrative-driven rallies may generate price activity in altcoins connected to gaming ecosystems.
This shows how social media activity, especially from powerful people, may present short-term trading prospects for traders. Based on CoinMarketCap data, AXS’s 24-hour volume skyrocketed 18% to $42 million, while MANA’s 24-hour volume witnessed substantial activity on significant exchanges, including Binance and Coinbase. This suggests a probable positive trend, which one should approach carefully, given the likelihood of quick corrections.
Web3 Gaming Tokens Surge: MANA, AXS, and SAND See Gains
From a technical standpoint, signs confirmed the brief surge. While MANA’s RSI stood at 64, implying more opportunity for upside, AXS’s Relative Strength Index (RSI) hit 68, almost overbought territory as of 2:00 PM UTC on May 6. By 9:00 AM UTC on May 7, Dune Analytics concurrently noted a 12% rise in unique wallet interactions with Axie Infinity’s smart contracts. This implies that actual user involvement accompanied the surge, therefore transcending mere speculation.
Rising 15% to $28 million, trading activity for SAND/USDT also highlights more general enthusiasm in the Web3 gaming market. At $62,300, Bitcoin (BTC) stayed the same, suggesting that the surge in gaming tokens functioned as a micro-trend rather than a macro market maverick.
Crypto Stocks on the Move
Fascinatingly, the conventional financial market gave supporting signs. Yahoo Finance reports that Coinbase (COIN) stock increased 1.5% on May 6 to $215.30. Although the S&P 500 stayed unchanged at 5,180 points, the COIN increase suggests rising institutional interest in blockchain technology, ecosystems, especially those exposed to gaming themes.
For traders, this presents a tactical possibility. Watching equities linked to cryptocurrencies like COIN during mood swings can provide early hints for forthcoming altcoin swings. Any trading plan gains an important layer from this cross-market awareness.
Web3 Gaming Tokens Gain Traction
Web3 gaming tokens like AXS, MANA, and SAND are joining more general financial conversations rather than merely fringe experiments. If retail traders utilize strict stop-losses to control volatility, they can temporarily profit from the social media mood. Meanwhile, institutional players are probably keeping a close eye on the area as venture funding flows into blockchain gaming initiatives keeps increasing. Although May 2025 funding figures are still pending, past CoinDesk data indicates that rising VC investment has sometimes accompanied price swings in tokens connected to popular games.
As investor interest rises, crypto ETFs exposed to gaming tokens might also experience inflows, hence enhancing market volatility and generating more chances for strategic entry and exit points.
Web3 Gaming and Trading
Web-based gaming is changing our investments, speculating, and participation in online economies, not only in what it means to play. Tracking institutional moves, technical indications, and social mood helps traders match this growing trend. Understanding the dynamics of Web3 ecosystems is now more important than ever, whether you’re trading altcoins long-term in blockchain games or day trading altcoins.
