Novastro Token XNL Plunges Post-Public Sale
Novastro’s XNL token, launched on the Kaito AI platform, experienced a dramatic plunge shortly after its Token Generation Event (TGE). Within just two days, the token’s value dropped by over 75% from its public sale price, falling to $0.0126. This sharp decline has raised significant concerns regarding platform oversight and investor protection.
The sudden drop highlights potential shortcomings in the due diligence processes of fundraising platforms such as Kaito AI. As investor confidence takes a hit, members of the crypto community have begun scrutinizing both Novastro and Kaito AI for their roles in this outcome.
Despite an initially optimistic launch, XNL’s value quickly deteriorated, losing more than three-quarters of its worth within days of the TGE. Community members have voiced growing dissatisfaction with the lack of transparency from Novastro’s leadership. To date, the company has not issued any public statements addressing the token’s sharp decline.
Similarly, Kaito AI, led by CEO Yu Hu, has remained silent on the matter, offering no official comments on either the losses incurred by investors or the platform’s due diligence procedures.
Prominent crypto opinion leaders have taken notice of this unusual price movement. Notably, crypto KOL AB Kuai Dong pointed out that it is a rare occurrence for tokens to trade below their initial offering prices immediately following launch. In fact, Novastro opened trading approximately 44% below its initial offering price, making it one of the few projects recently to see such a steep post-listing drop.
Market experts attribute much of XNL’s volatility to its lack of listings on major cryptocurrency exchanges such as Binance and Coinbase. The absence of these listings has adversely affected liquidity, amplifying price swings and fueling uncertainty about the token’s future stability.
Novastro’s rapid decline parallels similar trends observed in Real World Asset (RWA) tokens between 2023 and 2025. During that period, ambitious tokenomics models without immediate liquidity solutions often led to significant short-term value collapses after their TGEs.
According to CoinMarketCap, Novastro (XNL) currently trades around $0.01 post-launch, reflecting nearly a 75% loss from its initial sale price. With circulating supply data unavailable, its market capitalization remains uncalculated. Trading volume stands at approximately $7.15 million, showing a modest 1.96% change within 24 hours. Over recent periods, XNL has consistently traded down nearly 75%.
In summary, the combination of poor liquidity, lack of major exchange listings, and limited transparency from Novastro and Kaito AI have contributed to the token’s volatile price behavior. Investor sentiment remains cautious as the community calls for greater oversight and clearer communication moving forward.
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