CLAIM

<div class="cryptonews"> 
 <p class="is-style-lead">The layer-3 gaming token fell by more than 20% after an <a rel="dofollow" title="airdrop" href="https://thebittimes.com/tag/airdrop.html">airdrop</a> and Binance <a rel="dofollow" title="listing" href="https://thebittimes.com/tag/listing.html">listing</a> on Jan. 9. </p> 
 <p>According to CoinGecko, the layer-3 gaming token Xai has fallen by more than 22% in 24 hour trading. The current price of the token is $0.5231. X rate fell sharply just a day after reaching an all-time high on Jan. 9, in which the price of the coin was $0.7734.</p> 
 <figure class="wp-block-image size-large">
  <picture decoding="async" class="wp-image-14236476"> 
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2024/01/10/4add33159561e1d882e2727e91dc3590.webp.webp"> 
   <img decoding="async" width="1024" height="615" src="https://cdn.thebittimes.com/images/2024/01/10/4add33159561e1d882e2727e91dc3590.webp" alt="XAI tanks by 20% after airdrop and Binance listing - 1"> 
  </picture> 
  <figcaption class="wp-element-caption">
   Source: CoinGecko
  </figcaption>
 </figure> 
 <p>The token price collapse occurred shortly after Xai held its first major gaming token <a rel="dofollow" title="airdrop" href="https://thebittimes.com/tag/airdrop.html">airdrop</a> in 2024. According to the Xai Foundation, it offered 125 million XAI tokens (or 5% of the total token supply) to eligible users, including holders of certain Xai NFTs and those operating gatekeeper nodes or validators that help support the network.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Dear Xai Community, <br><br>As we approach the XAI token claim, it's crucial to stay vigilant against potential scams. <br><br>Please carefully read and follow these guidelines:<br><br>Official Contract CLAIM Address: The ONLY legitimate $XAI <a rel="dofollow" title="airdrop" href="https://thebittimes.com/tag/airdrop.html">airdrop</a> claim contract address is…</p>— XAI (@XAI_GAMES) January 9, 2024
   </blockquote> 
  </div>
 </figure> 
 <p>The token collapse may be related to the recent <a rel="dofollow" title="airdrop" href="https://thebittimes.com/tag/airdrop.html">airdrop</a>. At the time of the drop, the total market cap was above $154 million. After the <a rel="dofollow" title="airdrop" href="https://thebittimes.com/tag/airdrop.html">airdrop</a>, the coin’s market cap fell to the $70 million mark.</p> 
 <p>Along with the airdrop, the largest cryptocurrency exchange, Binance, listed the XAI token. The XAI/FUSD trading pair is available on spot.</p> 
 <p>Xai is the first layer 3 blockchain specifically designed for AAA games. Using Arbitrum technology, Xai focuses on simplicity and ease of use, eliminating the complexities of wallet management and making blockchain integration a seamless part of the gaming ecosystem.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Uptick in Solana airdrop scams: Nest Wallet CEO loses $125k 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/xai-tanks-by-20-after-airdrop-and-binance-listing-tbt76116.html">https://thebittimes.com/xai-tanks-by-20-after-airdrop-and-binance-listing-tbt76116.html</a></p>

XAI tanks by 20% after airdrop and Binance listing

TheBitTimes

Other articles published on Jan 10, 2024

Bitcoin ETF speculations reach fever pitch, Solana falls as Pushd gains in presale

Fidelity trading app displays spot Bitcoin ETF tickers

SEC is A Menace, Claims Ripple CLO Amid Spot Bitcoin ETF Confusion

EIB invests $30m in Seedstars Africa ventures to boost innovation across the continent

The Future of AI: Salvation or Doom for Institutions

Grayscale CLO Excites Crypto Community With Intriguing Tweet

Join our free newsletter for daily crypto updates!