NXPC Drops Over 6% Amid Tencent Acquisition Rumor Denial

On June 13, NXPC, the Web3 gaming token tied to Nexon's MapleStory Universe, experienced a brief decline of over 6%, bringing its market cap down to $264 million.

The drop followed reports that Tencent is not considering acquiring Nexon, despite their historical partnership on Dungeon Fighter Online and past acquisition attempts in 2019.

Key Context:

Nexon: RPG giant behind MapleStory, founded in 1994, IPO’d in Japan (2011).

MapleStory Universe: Web3 adaptation of the classic game, launched on Avalanche in partnership with Ava Labs.

NXPC Token: Debuted in May via TGE and listed on Binance, Bybit, Bitget, Upbit, and Bithumb.

Despite today’s dip, Nexon’s Tokyo-listed stock is still up over 10% YTD, with a current market cap of around $15 billion.