AXS had one hell of a month until some news came out that it might very well be a scam. Users were also losing their funds from their accounts and many other issues that would drag the project to the ground. Even the official BSC Twitter retweeted an article regarding the possibility of AXS turning out to be a scam project. However, Axie Infinity made some good announcements that dragged so much attention into the project therefore giving a huge rise in price.
Regardless of that, it is still a risky pump and dump coin that could crash to near 50% any second because it's extremely overpriced at the moment.
NOTE: this is not financial advice, it's just my personal opinion based on my own research! do your own research before investing your money into anything.