Spot

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/layer-3-gaming-network-xai-xai-recovers-swiftly-after-initial-drop-post-airdrop" rel="noopener noreferrer nofollow">Layer 3 Gaming Network Xai (XAI) Recovers Swiftly After Initial Drop Post-AirDrop</a> 
Xai (XAI), a Layer 3 gaming network, experienced a sharp recovery after its AirDrop, reaching an all-time high of $0.945 today. The token’s price surged by approximately 40% following the AirDrop, which was part of <a href="https://en.bitcoinhaber.net/the-end-of-busd-binance-announces-removal-of-stablecoin-from-futures-and-margin-trading" rel="noopener noreferrer nofollow">Binance</a>‘s 43rd Launchpool. Spot On Chain, an on-chain data provider, issued an alert for the altcoin post-AirDrop.
Xai’s first significant AirDrop of 2024 distributed tokens worth $70 million to eligible wallets on January 9. The Xai Foundation announced that 125 million XAI tokens, representing 5% of the total supply, were sent to wallet addresses.
Spot On Chain revealed that 1.575 million XAI tokens, valued at $1.48 million, were sent to six wallet addresses believed to be controlled by a single individual. This raised concerns about the concentration of tokens in the hands of one user, potentially impacting the token’s price.
The current situation indicates that a single user received a significant amount of XAI through the AirDrop, which could temporarily influence the price. CoinMarketCap data shows XAI trading at $0.9045, a 38.80% increase in the last 24 hours, with the ATH recorded at $0.945.
Xai’s ability to maintain levels above the ATH suggests the potential for further price discovery. The Relative Strength Index (RSI) has not crossed the overbought threshold of 70 in the 4-hour timeframe, indicating the possibility of continued price increases.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/layer-3-gaming-network-xai-xai-recovers-swiftly-after-initial-drop-post-airdrop" rel="noopener noreferrer nofollow">Layer 3 Gaming Network Xai (XAI) Recovers Swiftly After Initial Drop Post-AirDrop</a></h5>

Layer 3 Gaming Network Xai (XAI) Recovers Swiftly After Initial Drop Post-AirDrop

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