#XaiVanguardGensis $XAI Positioned at the forefront of blockchain gaming innovation, Xai operates as a "layer-3" network atop Arbitrum, which itself is a layer-2 scaling solution designed to enhance Ethereum's capabilities. This strategic partnership between Arbitrum's developers, Offchain Labs, the game studio Ex Populus, and the newly formed Xai Foundation, aims to position Xai as the premier destination for blockchain gaming enthusiasts. 🎯
📈 Recent Movements in XAI's Price
As of the latest update, the Xai token is trading at $1.06 USD, with a 24-hour trading volume of $563,351,417 USD. The token has experienced a significant surge of 24.52% in the past 24 hours. In the CoinMarketCap rankings, Xai holds the #163 spot, boasting a live market cap of $293,955,479 USD. The circulating supply of XAI coins is 277,118,150, out of a maximum supply of 2,500,000,000 XAI coins. 💹
📊 Factors Behind the Price Surge of XAI
The XAI token has witnessed a remarkable surge of over 24% in the past 24 hours, reaching a new high of $1.08, according to CoinMarketCap data. Following its initial launch last week at approximately $0.77, the token's price dipped to as low as $0.45, a common trend for newly launched tokens due to market volatility. However, the price began its upward trajectory from around $0.60 to its current value, marking an impressive increase of almost 90% in just over a day.
The recent airdrop, which distributed tokens to holders of early Xai NFT collectibles and those who acquired Sentry Keys for validator node operation, played a significant role in this price surge. For example, Sentry node operators could claim 1,658 XAI for each node, now valued at approximately $1,860. Owners of Xai Vanguard NFTs were eligible to claim 1,307 XAI each, now worth over $1,460 at the current price.
The value of the airdrop has doubled from around $70 million immediately after the token's launch last week to about $140 million, reflecting the peak price of XAI to date.
The surge in XAI's price and its inclusion on various exchanges reflect the growing excitements