Whale alert!
Sun Yuchen is making trouble again!
Just yesterday, an address with 2 billion U recharged 157 million USDT to Binance. Is this a whale buying the bottom?
With such a large amount of money, and it is still on the TRON chain, it is hard not to think of Sun Yuchen. Of course, this whale address has not yet been assigned, and it may also be Binance's cold wallet.
However, with so many U entering the exchange, it is likely to start buying the bottom. In addition, Tether issued 1 billion U a few days ago. It seems that the whale is holding a 618 carnival and picking up the bloody chips of retail investors. The price of the currency is really falling now. The XAI that I have been paying attention to has also started to plummet. But I am very optimistic.
XAI is an Ethereum layer 3 expansion network built on Arbitrum. It will focus on the game field and aim to bring unprecedented user experience to Web3 games.
Through the Xai platform, a large number of traditional game players can own and trade valuable in-game items in their favorite games for the first time, without the need for encrypted wallets.
On June 11, 2024, Xai launched an event called "Vanguard: Genesis" on GALXE. This event includes game releases and tasks that last for several months, and comprehensively covers Xai's game ecosystem. Public games include Crypto Unicorns, Final Form, The Lost Glitches, and some games that have not yet been announced.
So, what is the actual situation of XAI's ecological chain games?
There are already several funded chain game projects in XAI's ecosystem, such as Crypto Unicorns, Lost Glitches, and Final Form. These projects have initially formed a certain scale, which fully demonstrates that XAI's support for the ecosystem is not empty talk.
Summary: Although XAI's event provides a certain degree of support for its development prospects, judging from past performance, this collective push may only be a short-lived excitement. Therefore, investors must be cautious when chasing high prices
