Rexas Finance’s $RXS Token Plunges After Launch on MEXC, BitMart, and LBank
Rexas Finance launched its $RXS token on June 19 at 11:00 UTC, listing on centralized crypto exchanges MEXC, BitMart, and LBank. Despite promoting a $0.25 listing price during its $55 million crypto presale, the token opened significantly lower, at $0.10 on MEXC and BitMart, and $0.175 on LBank.
The RXS token dropped sharply to $0.0054 on MEXC within hours, marking a 98% fall from the promised price. Although it later recovered to $0.0238, the token remains down over 90% from its expected listing price. Rexas Finance claims to be building an RWA tokenization platform but has not released any products or dApps to date. The lack of transparency around the launch pricing has triggered criticism across crypto communities.
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