$XNY This wave can be called a black swan 🚀
A decentralized data protocol platform built on blockchain technology, with its native token also known as XNY. The protocol supports multi-chain deployment and has integrated with chains such as Metis and BNB Chain, while also focusing on privacy protection.
It is used for governance, paying transaction fees, incentives, and liquidity enhancement. Users can exercise governance rights by participating in DAO proposals.
💥 Reasons for the decline:
Poor market conditions, small tokens under significant pressure, current airdrops entering a selling pressure phase, and the project team choosing to cash out.
Although the project's narrative is strong, the product implementation and technology development are lagging behind, leading to a loss of confidence, low participation in governance, weak proposal influence, and a lack of community consensus support.
🚀 Operational suggestions:
Recently, on-chain funds have concentrated on outflows, and XNY has currently shown a downward trend. Wait for a rebound to short it at the right time, just go with the flow!!
For those who need to catch up on entry positions, you can call Brother Yang!
