Crypto News

XAI Token Surges 42% After Successful $70 Million Airdrop In GameFi Space

$XAI, a pioneering Layer 3 blockchain designed specifically for gaming utilizing $ARB technology, has swiftly rebounded with a robust 42% surge, establishing itself as a standout performer in the burgeoning GameFi sector. 

The digital asset recently achieved a new all-time high (ATH) after experiencing a dip post-airdrop on January 9, making it one of the leading gainers among the top 200 cryptocurrencies by market capitalization.

In a notable move, XAI executed one of the most substantial airdrops of 2024, distributing tokens valued at $70 million to eligible wallet addresses. 

On January 9, the on-chain data provider Spot On Chain uncovered that 1.575 million XAI tokens, now valued at $1.48 million, were allocated to six wallet addresses believed to be under the control of a single individual.

$70 Million Distribution To Players Through Arbitrum Network

This strategic distribution of $70 million to players via the Arbitrum network has not only enhanced XAI’s influence but has also propelled its market capitalization to exceed $282 million. XAI is positioning itself as a trailblazer, laying the groundwork for a groundbreaking fusion of blockchain innovation and immersive gaming experiences. 

By channeling significant investments into the gaming industry through Arbitrum, XAI is garnering attention from investors who anticipate a revolutionary impact on the intersection of trading and gaming.

As XAI continues to make waves in the dynamic crypto landscape, its recent ATH and notable rebound underscore its resilience and growing prominence in the GameFi sector. Investors are closely watching XAI’s innovative approach, recognizing the potential for a transformative shift in the gaming industry’s 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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