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XMON token experiences massive slump

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It is reported that, according to Paidun data, XMON, the native token built by Sudoswap developer 0xmons for summoning neural network to generate pixel monster…

XMON token experiences massive slump

It is reported that, according to Paidun data, XMON, the native token built by Sudoswap developer 0xmons for summoning neural network to generate pixel monster NFT platform, experienced a short-term slump of more than 90%. According to coingecko data, the current XMON has dropped from $25000 to $3666.92, with a decline of 85.3% in the past 24 hours. The community user @ lumpsugar53 said it might be related to the release of XMON pledge. In addition, the future XMON token is likely to have nothing to do with Sudoswap governance. In January of this year, Sudoswap released the governance token SUDO and launched lock-in and airdrop. Early sudoAMM LP (only limited to the transaction pool) and 0xmons NFT holders (before the snapshot date) were eligible to obtain SUDO airdrop, while XMON holders could obtain SUDO tokens through lock-in activities. After that, after being locked for 1 month from the contract deployment, each locked XMON could obtain 10000 SUDOs.

Or a short-term slump of more than 90% due to pledge unlocking of XMON

Interpretation of the news:


According to Paidun data, the native token XMON, developed by Sudoswap developer 0xmons for the NFT platform, has experienced a massive slump of more than 90%. The current value of XMON has dropped from $25000 to $3666.92, which represents a decline of 85.3% in the past 24 hours according to coingecko data. The community believes that the decline could be related to the release of XMON pledge.

In addition, it is stated that the future XMON token might have nothing to do with Sudoswap governance. It is believed that Sudoswap released the governance token SUDO and launched lock-in and airdrop in January this year. Early sudoAMM LP and 0xmons NFT holders were eligible to obtain SUDO airdrop, while XMON holders could get SUDO tokens through lock-in activities. After being locked for one month, each locked XMON could obtain 10,000 SUDOs.

It is interesting to note that XMON was designed to summon neural networks to generate pixel monsters for the NFT platform. Neural networks are computer systems designed to imitate the human brain’s ability to recognize patterns and make predictions. In the context of the NFT platform, neural networks could be used to create unique and valuable digital art, which could be traded as NFTs.

However, the recent slump in XMON’s value raises questions about the sustainability of such platforms. The volatility of cryptocurrencies and tokens is well known, and XMON’s decline is not an isolated case. It remains to be seen whether XMON can recover from its slump or whether it represents a fundamental flaw in the NFT platform’s design.

In conclusion, the XMON token’s massive slump is a cause for concern for the NFT platform’s developers and users. However, it also highlights the challenges and risks of investing in cryptocurrencies and tokens. It is essential to understand these risks before investing in any cryptocurrency or token.

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