XAI Unlocks 198M $XAI Tokens Worth $70.7M, Targeting Reserve, Investors, and Team

XAI recently unlocked 198 million $XAI tokens, worth approximately $70.7 million, accounting for 71.59% of the circulating supply.

XAI recently unlocked a large amount of its native token, with 198 million $XAI hitting the market, valued at approximately $70.7 million, which constitutes 71.59% of the circulating supply. This significant unlock is driven by the project’s decision to distribute additional tokens to its reserve, investors, and team.

A More In-Depth Look at the XAI Token Unlock

The breakdown of the unlock is as follows:

– Reserve: 3.375 million $XAI (~$1.03 million)

– Investors: 103.95 million $XAI (~$31.84 million)

– Team: 71.42 million $XAI (~$21.88 million)

This large influx of tokens could have a substantial impact on the market dynamics, especially considering that the total market capitalization of XAI is currently around $81 million, with a 24-hour trading volume of $31.2 million. The amount of XAI being unlocked is almost equivalent to the market cap and 2.3 times the daily trading volume.

As the XAI price is currently at $0.295, and considering the average token price during the three fundraising rounds, which was around $0.01, early investors have already realized significant profits. The project raised approximately $10.4 million over three rounds of funding, with token prices at $0.01, $0.032, and $0.035 per $XAI, respectively.

If all unlocked tokens are sold, early investors from the seed round could see returns of 29.5 times their initial investment, while private round investors could see returns of 9.2 times. This potential for high returns may prompt investors to liquidate their holdings, putting downward pressure on the token’s price.

In conclusion, XAI’s recent token unlock has introduced a large amount of $XAI into the market, with implications for its price and trading dynamics. Investors who have seen substantial returns may take this opportunity to sell, potentially affecting the token’s value. Market participants should closely monitor these developments as they unfold.

This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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