X Empire token’s launch saw price spikes on KuCoin, drops on other exchanges, and controversy over its airdrop distribution.
X Empire has started trading today on several exchanges as initially scheduled. The telegram-based tap-to-earn game revealed on its official X handle that the listing would occur on several exchanges, including OKX, Bybit, Bitget, Wallet, KuCoin, MEXC, BingX, and others.
The X token has surged by over 300% in the last 24 hours on KuCoin, currently trading at $0.00007984. However, on OKX, the price has dropped by more than 50% in the past 24 hours. Additionally, the market cap stands at $0.00 on both exchanges as of the time of writing.
Based on data from BingX, the X token has also dropped by more than 14% in the last 24 hours and is currently trading at $0.0000956.
Community Backlash Over Airdrop Allocation Sparks Criticism
While some crypto enthusiasts are optimistic about X Empire’s future, the token has already drawn criticism from its community, primarily over how the airdrop was handled. Many users expressed disappointment, stating that the allocation was worse than previous projects, such as Hamster Kombat (HMSTR).
A user commented that the X Empire team promised to give a better allocation than that of Hamster Kombat, but instead, they did worse. The user claimed that over 90% of the community didn’t get their airdrop, and it was also collected from the few that did. He also raised concerns about unclear transaction fees and a lack of communication from the project’s developers.
Another frustrated participant, Abdul Bari, called the project “total fraud”, claiming he paid $6 for airdrop eligibility but only received $2 worth of tokens in return. These complaints have led to concerns that the token might experience a fate similar to that of HMSTR.
Crypto Analysts Remain Optimistic despite Early Challenges
Despite the price decrease and controversies surrounding the X token, some crypto enthusiasts believe the token still holds significant potential in the crypto space.
A Bitcoin analyst with over 170,000 followers shared a positive review about the X listing, stating that the token has a strong community and highly active developers. The analyst noted that the token is poised to take the top spot among meme tokens on the TON network. Moreover, with its blend of innovation and fun, the token could eventually dominate the meme space.
Similarly, another crypto trader, Kong Trading, who has more than 130,000 followers, mentioned that he is getting bullish feelings since the first dip, and the market has almost completely reversed. The commentator emphasized the strength of the X token community, which includes 52 million users across 170 countries, 23 million followers on Telegram, and 6.3 million subscribers on YouTube. To top it off, Notcoin also supports the token.
The negative sentiment surrounding X Empire’s airdrop allocation could lead the token to a fate similar to HMSTR’s. The price drops on some exchanges indicate dissatisfaction, with many dumping the token. However, it may still be too early to dismiss the possibility of the X token regaining its value.
next