XAI tanks by 20% after airdrop and Binance listing

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The layer-3 gaming token fell by greater than 20% after an airdrop and Binance itemizing on Jan. 9.

In keeping with CoinGecko, the layer-3 gaming token Xai has fallen by greater than 22% in 24 hour buying and selling. The present worth of the token is $0.5231. X fee fell sharply only a day after reaching an all-time excessive on Jan. 9, through which the value of the coin was $0.7734.

XAI tanks by 20% after airdrop and Binance listing - 1
Supply: CoinGecko

The token worth collapse occurred shortly after Xai held its first main gaming token airdrop in 2024. In keeping with the Xai Basis, it supplied 125 million XAI tokens (or 5% of the entire token provide) to eligible customers, together with holders of sure Xai NFTs and people working gatekeeper nodes or validators that assist assist the community.

The token collapse could also be associated to the latest airdrop. On the time of the drop, the entire market cap was above $154 million. After the airdrop, the coin’s market cap fell to the $70 million mark.

Together with the airdrop, the biggest cryptocurrency alternate, Binance, listed the XAI token. The XAI/FUSD buying and selling pair is offered on spot.

Xai is the primary layer 3 blockchain particularly designed for AAA video games. Utilizing Arbitrum know-how, Xai focuses on simplicity and ease of use, eliminating the complexities of pockets administration and making blockchain integration a seamless a part of the gaming ecosystem.

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