Tag: highlights potential inadequacies

Novastro Token XNL Plunges Post-Public Sale

The post Novastro Token XNL Plunges Post-Public Sale appeared com. Key Points: Novastro’s token XNL dropped 75% post-TGE, raising concerns. Public sale participants facing 75% value loss. Community questions Kaito AI’s responsibility in vetting projects. Novastro’s XNL token, launched on Kaito AI, plunged 75% below its public sale price to $0. 0126 just two days after its TGE, raising concerns about platform oversight and investor losses. The sharp decline in XNL’s value highlights potential inadequacies in the due diligence processes of fundraising platforms like Kaito AI, affecting investor confidence and sparking community scrutiny. Despite the optimistic start, the token dropped significantly after its TGE, losing over 75% in value within days. Community members have raised concerns about the lack of transparency from Novastro, emphasizing the absence of public statements from its leadership team. Kaito AI, led by CEO Yu Hu, has not issued a statement addressing these losses or their due diligence processes. Prominent crypto voices have highlighted this fall, with KOL AB Kuai. Dong noting it as a rare occurrence for tokens to dip below offering prices post-launch. Kaito AI’s public offering project Novastro opened with a drop of approximately 44% below its initial offering price. becoming one of the few projects recently to fall below its offering price after listing. AB Kuai. Dong, Crypto KOL, Odaily Kaito AI’s public offering project Novastro opened with a drop of approximately 44% below its initial offering price. becoming one of the few projects recently to fall below its offering price after listing. AB Kuai. Dong, Crypto KOL, Odaily Market Experts Cite Lack of Major Exchange Listings for Volatility Did you know? Novastro’s rapid value decline is reminiscent of similar RWA token falls between 2023-2025, where ambitious.