NXPC, the brand new token from Nexon’s blockchain gaming arm, is gaining huge traction—having surged over 100% following a wave of main exchange itemizing bulletins and its market cap surpassing $500 million.
NEXPACE (NXPC), the native token of the blockchain gaming mission from South Korean gaming large Nexon, is surging over 100%. At present priced at $2.73, the token has jumped 115% since launch, reaching ATH of $3.84 inside hours and pushing its market cap to over $550 million and a totally diluted valuation to $3.2 billion at its peak. Nevertheless, the market cap and FDV have since retraced to $462 million and $2.73 billion respectively.
The explosive value motion adopted bulletins of listings on a number of top-tier exchanges together with Binance Spot, KuCoin, MEXC, Bitget, Gate.io, and Bithumb.
NXPC noticed greater than $1 billion in whole buying and selling quantity throughout the first three hours after launch, with over $240 million processed on Binance alone and one other $100 million on South Korea’s Upbit. In response to CoinMarketCap, Binance nonetheless accounts for the biggest share of NXPC buying and selling quantity at 24%, adopted by PancakeSwap at 14%, with the bulk of trades occurring towards Tether (USDT).
NXPC debuted through Binance’s Alpha platform, the place customers earn Alpha Factors by holding eligible property. These with a minimum of 187 factors may declare 198 NXPC tokens. The airdrop declare window runs from Could 15 to Could 16, after which remaining tokens could also be redistributed or burned.
