In a significant development for the XAI project, an address associated with the project’s owner (0xe4d…c6FeF) transferred 11.01 million XAI tokens to GSR Markets.
These tokens, valued at $3.89 million, have now been deposited into Binance. This address had previously received 37.34 million tokens on January 8, 2024, prior to the token’s official launch. Just 25 hours ago, 14.21 million of these tokens were transferred to three different addresses or entrusted to GSR for sale.
一小时前 $XAI 项目方关联地址 0xe4d…c6FeF 向 GSR Markets 转移 1101 万枚 XAI，现已充值进 #Binance，价值 389 万美金
该地址曾在 2024.01.08（代币上线前）收到项目方分发的 3734 万枚代币，并在 25 小时前将其中 1421 万枚转移至三个地址，或委托 GSR 卖出
钱包地址 https://t.co/vmEVVLYB5L pic.twitter.com/2AQnywTS4a
— Ai 姨 (@ai_9684xtpa) July 11, 2024
In a recent announcement, XAI revealed that contributors have agreed to relock their July unlock tokens over a six-month period. This decision reduced the number of tokens unlocking in July from approximately 85 million to 17.7 million.
Complete Breakdown Of XAI July Token Unlock
The breakdown of the July unlock includes:
– Investors: ~72.3 million tokens
– Team: ~17.7 million tokens
– Advisors: ~4.2 million tokens
– DAC: ~5.2 million tokens
– Xai Foundation: ~8.5 million tokens
In total, approximately 107.9 million tokens are set to unlock in July. However, unlike typical token unlock schedules where large amounts are released at once, XAI’s tokens are unlocked daily. This approach applies to all months, not just July, ensuring that there isn’t a single day with a massive token release.
Many of you have likely read articles or other posts around the web about the upcoming XAI unlock. We’ve seen numbers as high as 79%. These reports are incorrect.
Ahead of the upcoming unlock, we're announcing that the Xai contributors have agreed to relock their July unlock…
— XAI 🎮⛓️ (@XAI_GAMES) July 8, 2024
This staggered unlocking method is designed to mitigate market impact and promote stability. The recent token movements and the announcement of relocking tokens reflect XAI’s strategic efforts to manage supply and maintain investor confidence. As XAI navigates these changes, stakeholders will be watching closely to see how these actions influence the token’s performance and the broader market dynamics.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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