#xion
Launch time: December 5th, 18:00
Listing exchange: Competitor
Financing: 36 million
Total supply: 200 million
Initial circulation of XION: 25.55 million (12.78%)
Airdrop amount: 10 million (5%)
Pre-market price: 6U
Pre-market circulating market cap: 153 million
Pre-market total market cap: 1.2 billion
Project introduction:
XION is the first wallet-less L1 solution built through chain abstraction for mainstream adoption.
Supported by Multicoin, Animoca, Circle, and others.
Research and analysis:
If such a project doesn't get listed on OKEx, the attention might still be lacking.
In a bull market, it might reach a valuation of 100 million for profit potential.
At a pre-market price of 6U, 3-4U would be a reasonable buy.
Comparable recent projects:
Morpho is currently at 1.6U with a market cap of only 218 million.
Moreover, it has contracts listed on Binance and spot trading on OKEx, with 68 million in financing.