X Empire’s X Token Plunges 30% After Listing

Today, October 24, the long-awaited launch of the X token from the popular X Empire took place. The coin was listed on such cryptocurrency exchanges as OKX, Bybit, Bitget and KuCoin.

Token X debuted on trading platforms at $0.000108. However, almost immediately after the launch, the value of the asset dropped by almost 30%.

The price of X collapsed immediately after listing

According to CoinMarketCapat the time of writing, X is trading at $0.00007957. Compared to the listing price, the X Empire token rate dropped by a total of 26.3%.

The capitalization of X reached $39.3 million, and the trading volume amounted to $42.8 million. Probably, the decrease in the price of the X Empire token was provoked by a sale of coins, which was organized by dissatisfied tapalka players.

The total emission of X tokens is 690 billion coins. Of these, the project team allocated 70% for rewards for the community, and the remaining 30% for the next phases of the game.

Users complain about airdrop

Simultaneously with the launch of the token, the X Empire team also conducted an airdrop. In total, 6 million people took part in it. At the same time, the “tapalka” attracted more than 50 million players. The coin giveaway caused controversy among cryptans even before the listing date.

Now many users are complaining that after several months of activity they received less than $10. Some compare X Empire with another popular Telegram project Hamster Kombat.

Another user joked that the only people who got rich from X Empire were the clicker developers.

A meme referencing the X Empire’s small rewards. Source: X

After the X Empire airdrop, some They say that now they will definitely stop participating in Telegram projects. Users notethat they fulfilled all the conditions for participating in the distribution of X tokens, but received practically nothing for it.

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