Token

Based

Xahau

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In a surprising turn of events, XRPL is witnessing an unprecedented surge in the price of Xahau's native token,&nbsp;<a href="https://coinmarketcap.com/currencies/xahau/">XAH</a>, stealing the spotlight from the more established XRP.
XAH, initially touted as the "modernized XRP" and known by the working name "XRP+," was designed to incentivize early adopters on the&nbsp;<a href="https://u.today/xrp-ledger-layer-2-achieves-significant-milestone">Xahau network</a>. Based on a fork of the open-source XRP Ledger codebase, the network and token were introduced earlier this year with the ambitious goal of revolutionizing smart contracts within the&nbsp;<a href="https://u.today/ripple-cto-celebrates-11th-xrpl-launch-anniversary">XRPL</a> ecosystem.
According to data from Bitrue exchange, the price of XAH has experienced an astonishing 450% surge in the last 12 hours alone, reaching an impressive $0.65 per token.&nbsp;
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="5e82d71e-7c55-4d7d-9d57-e110e4124b26" src="https://u.today/sites/default/files/inline-images/XAHUSDT_2023-12-04_14-15-32.png">Source: <a href="https://www.tradingview.com/x/4KrB95ae/">TradingView</a>
This remarkable performance comes after a roller coaster ride since its listing in early November, where the token saw a 70% drop, followed by an extraordinary 630% gain, an 83% decline and now a new surge defying expectations.
<h2 id="is-there-price-manipulation-going-on">Is there price manipulation going on?</h2>
As of now, XAH boasts a market capitalization of around $360 million, a remarkable feat for a relatively new and uncharted asset. With a self-reported circulating supply of 600 million XAH, the token's rapid ascent has caught the attention of the&nbsp;<a href="https://u.today/whopping-212-billion-xrp-now-participate-in-this-airdrop">XRP</a> community, prompting speculation about the forces behind these market dynamics.
The burning question remains: is there a mastermind orchestrating these price movements, or is XAH's surge grounded in natural market forces?&nbsp;
Whether this rally signifies the beginning of a sustained uptrend or it is just a fleeting impulse will likely remain a mystery, leaving traders and enthusiasts eagerly awaiting the next chapter of XAH's price chart.

XRP's Hot New Rival: XAH Token Soars 441%, Outshining Original

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