Token

<ul class="news-points"> 
 <li>Xai’s 10% plunge post-airdrop and Binance listing shake crypto market confidence.</li> 
 <li>A fake XAI token crash exacerbates real XAI’s market turmoil, spurring investor caution.</li> 
 <li>Oversold XAI/USD signals potential market rebound amid bearish pressures.</li> 
</ul> 
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 <a href="https://x.com/CryptoTeluguO/status/1744576557237313807?s=20" target="_blank" rel="nofollow">listing </a>on the <a href="https://coinedition.com/binance-exchange-review/">Binance exchange</a>.&nbsp; 
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.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/C3fNIhBEGcOlho4ndSL1AKD-4HwrrT4du218-W8mz1vDuylp-W8Yih4gubddsY1AEeNgVJNpCtf0a0O7OHzrl_eElV4n0qMfp1rlSZWYSJrXU1EvRWqPg99_e1cHavpyqVnC6usngMjZitG7" alt="">
 <figcaption class="wp-element-caption">
 XAI/USD 24-hour price chart(source: <a href="https://coinstats.app/coins/xai-blockchain/" target="_blank" rel="nofollow">CoinStats</a>)
 </figcaption>
</figure> 
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 <a href="https://coinedition.com/xai-token-plummets-over-10-post-airdrop-and-binance-debut/">Xai Token Plummets Over 10% Post-Airdrop and Binance Debut</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

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

Coin Edition

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