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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/xai-xai-recovers-swiftly-after-initial-drop-post-airdrop/" data-wpel-link="internal">Xai (XAI) Recovers Swiftly After Initial Drop Post-AirDrop</a><br></p>
<p style="text-align: justify">Following Arbitrum’s (ARB) lead as a “Layer 3 gaming network,” <strong>Xai</strong> (XAI) has quickly recovered after a sharp decline post-AirDrop. Today, the price of <a href="https://en.coin-turk.com/after-binance-announces-exit-from-canada-the-shock-may-be-there/" data-wpel-link="internal">Binance</a>‘s 43rd Launchpool rose by approximately 40% to $0.945, reaching an all-time high. Following this surge, an AirDrop warning for the altcoin came from the on-chain data provider Spot On Chain.</p> 
<h2 style="text-align: justify" id="strong-a-single-user-received-1-575-million-xai-from-the-airdrop-strong"><strong>A Single User Received 1.575 Million XAI from the AirDrop</strong></h2> 
<p style="text-align: justify">Xai, marking one of the first significant AirDrops of 2024, distributed tokens worth $70 million to eligible wallet addresses on January 9th. The <strong>Xai Foundation</strong> announced at the time that 125 million XAI tokens, corresponding to 5% of the total supply, were sent to wallet addresses.</p> 
<p style="text-align: justify">The on-chain data provider Spot On Chain issued a pinpoint warning for XAI, which collapsed after the completion of the AirDrop and then rapidly recovered to an all-time high. The data provider discovered that 1.575 million XAI tokens, valued at $1.48 million, went to 6 wallet addresses believed to be controlled by a single individual.</p> 
<p style="text-align: justify">This indicates that a single user received a substantial amount of XAI through the AirDrop, potentially having temporary, yet significant, influence over the price.</p> 
<h2 style="text-align: justify" id="strong-current-status-of-xai-breaking-records-strong"><strong>Current Status of XAI: Breaking Records</strong></h2> 
<p style="text-align: justify">According to data provided by the crypto data platform <strong>CoinMarketCap</strong>, XAI is trading at $0.9045, up 38.80% in the last 24 hours at the time this article was prepared. The data shows that XAI’s all-time high (ATH) was recently recorded at $0.945, and the current price is 4.5% below the ATH.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-302548" src="https://coin-turk.com/wp-content/uploads/2024/01/Altcoin-Xai-XAI-Binance.png" alt="" width="3028" height="1442"></p> 
<p style="text-align: justify">If XAI maintains levels above its ATH, it will enter a price discovery phase. The fact that the Relative Strength Index (RSI) has not exceeded the overbought level of 70 in the 4-hour time frame suggests that the price increase may continue, which is quite valuable.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/xai-xai-recovers-swiftly-after-initial-drop-post-airdrop/" data-wpel-link="internal">Xai (XAI) Recovers Swiftly After Initial Drop Post-AirDrop</a></h5>

Xai (XAI) Recovers Swiftly After Initial Drop Post-AirDrop

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