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Cryptorank

Xai Token Plummets Over 10% Post-Airdrop and Binance Debut


by CoinEdition
Xai Token Plummets Over 10% Post-Airdrop and Binance Debut
  • Xai’s 10% plunge post-airdrop and Binance listing shake crypto market confidence.
  • A fake XAI token crash exacerbates real XAI’s market turmoil, spurring investor caution.
  • Oversold XAI/USD signals potential market rebound amid bearish pressures.

Xai, a layer-3 gaming token, has witnessed a significant price drop of over 10%, a surprising turn of events in the cryptocurrency market. The decline followed closely on the heels of its airdrop and a major listing on the Binance exchange. 

This sudden market reaction raises concerns and speculation among investors and market analysts. Consequently, XAI’s market capitalization and 24-hour trading volume dipped by 9.93% and 58.32% to $163,081,855 and $114,039,627, respectively. 

XAI/USD 24-hour price chart(source: CoinStats)

Moreover, the Xai Foundation’s decision to conduct a major gaming token airdrop this year contributed to the volatility. They released 125 million XAI tokens, accounting for 5% of the total supply, to a select group of users. These included holders of specific Xai NFTs and participants operating gatekeeper nodes or validators. Before the airdrop, Xai enjoyed a market cap above $154 million…

The post Xai Token Plummets Over 10% Post-Airdrop and Binance Debut appeared first on Coin Edition.

Read the article at CoinEdition

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Pudgy Penguins (PENGU) Price Prediction for July 27

Pudgy Penguins (PENGU) Price Prediction for July 27

Pudgy Penguins (PENGU) is trading near $0.04280 in today’s session after rebounding f...
SUI Approaches Major Resistance at $4.80 After Daily Chart Breakout

SUI Approaches Major Resistance at $4.80 After Daily Chart Breakout

A bullish flag pattern on the Sui (SUI) daily chart has drawn attention, suggesting a...

Xai Token Plummets Over 10% Post-Airdrop and Binance Debut


by CoinEdition
Xai Token Plummets Over 10% Post-Airdrop and Binance Debut
  • Xai’s 10% plunge post-airdrop and Binance listing shake crypto market confidence.
  • A fake XAI token crash exacerbates real XAI’s market turmoil, spurring investor caution.
  • Oversold XAI/USD signals potential market rebound amid bearish pressures.

Xai, a layer-3 gaming token, has witnessed a significant price drop of over 10%, a surprising turn of events in the cryptocurrency market. The decline followed closely on the heels of its airdrop and a major listing on the Binance exchange. 

This sudden market reaction raises concerns and speculation among investors and market analysts. Consequently, XAI’s market capitalization and 24-hour trading volume dipped by 9.93% and 58.32% to $163,081,855 and $114,039,627, respectively. 

XAI/USD 24-hour price chart(source: CoinStats)

Moreover, the Xai Foundation’s decision to conduct a major gaming token airdrop this year contributed to the volatility. They released 125 million XAI tokens, accounting for 5% of the total supply, to a select group of users. These included holders of specific Xai NFTs and participants operating gatekeeper nodes or validators. Before the airdrop, Xai enjoyed a market cap above $154 million…

The post Xai Token Plummets Over 10% Post-Airdrop and Binance Debut appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Pudgy Penguins (PENGU) Price Prediction for July 27

Pudgy Penguins (PENGU) Price Prediction for July 27

Pudgy Penguins (PENGU) is trading near $0.04280 in today’s session after rebounding f...
SUI Approaches Major Resistance at $4.80 After Daily Chart Breakout

SUI Approaches Major Resistance at $4.80 After Daily Chart Breakout

A bullish flag pattern on the Sui (SUI) daily chart has drawn attention, suggesting a...