Covalent (QCT), a modular data infrastructure for artificial intelligence, has witnessed the price of its native token fluctuate sharply in the last 24 hours. The price of QCT fell sharply on Thursday, falling from $0.15 to $0.10. However, QCT has recovered and is currently trading around $0.16. Covalent announced a governance proposal proposing to migrate the existing token CQT to the new token CXT. This marks the beginning of a new era for the platform. Token migration will be automatic and the ratio is set at 1:1. 📉