Axie Infinity can't make comeback during the bullrun. my reason is

1. Overrated game and boring gameplay. 2d game in 2025 is just crap.
2. Inflated tokens and infinite supply
3. Not sustainable game economy
4. The locked tokens that probable gets unlock
5. Importantly less demand.

Those reasons are enough to explain why Axie will never ever make comeback during the bullrun. Just look at its performance during the November - December bullrun. It's very disappointing, isn't it?