XAI Crypto Set For Major Unlock Here’s What it Means For XAI Price
XAI’s price is under pressure and down by -65% from June’s highs. As more XAI crypto tokens are unlocked, investors turn to WienerAI and WAI.
There has been nothing much to take home throughout June and early July, at least if gains are anything to go by.
Crypto prices fell sharply in July, with top altcoins and meme coins not spared the purge.
While the collapse of Bitcoin and Ethereum played a part, some tokens fell because millions of coins were released to circulation via Unlocks.
The trend continues in July. While Arbitrum and other top projects were in focus last month, XAI is being closely monitored this time around.
XAI Price Analysis: Token Down 65% – Will Unlock Accelerate The Downtrend?
Today, July 9, the team behind Xai, an Ethereum layer-3 platform focused on gaming, will be releasing over 198 million XAI.
What’s unique about this unlock is that all these tokens will hit the market at once.
Though a big chunk will be distributed to investors and the team, some will be transferred to the ecosystem and the project’s reserve.
As expected, with every unlock, XAI supply will surge, heaping more pressure on prices.
It is not like XAI is a top performer right now.
If anything, looking at the XAIUSDT daily chart, the coin is dropping quite fast.
(XAIUSDT)
To put the numbers in perspective, XAI is down 65% from June highs, and after today’s unlock, bears might press on, leading to more losses.
The only hope for XAI holders is for Ethereum prices to recover. If ETH buyers flow back, the token might arrest losses and benefit from the shifting sentiment.
WienerAI Presale Raises Over $7.2 Million: Here’s Why WAI Is King
Some investors are turning their attention to WienerAI, an AI-dependent meme coin whose viral presale is in progress, not to expose themselves to risks.
So far, the WienerAI presale has raised more than $7.2 million, pointing to surging demand among supporters.
Those who want to buy WAI now can receive the token for just $0.000726 using ETH, USDT, BNB, or a card.
WAI holders are also free to stake, receiving a 156% APY. The demand is so high that over 6.6 billion tokens have been staked as of July 9.
What’s unique about the meme coin is its decision to incorporate an AI-led trading bot.
It is free to use, and upon launch, users will receive direct, data-driven recommendations.
Moreover, the bot will enable free, trustless swapping, reducing the need for multiple exchanges.
At the end of this presale, WAI will list on multiple DEXes and CEXes like Coinbase.
This is when magic will happen.
Because WienerAI combines AI and meme coins, it won’t be surprising for WAI to rally immediately.
It is easy to see why:
WAI will tap into the success of viral projects like ASI while also finding tailwinds from the recovery of the meme coin scene.
EXPLORE: ENS Price Analysis: Will $38M Token Unlock Crush ENS Chart?
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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