NXPC, the new token for Nexon’s blockchain game arm, has surged more than 100% after the announcement of a massive exchange list and its wave of market capitalization exceeding $500 million.
Nexpace (NXPC) is the native token for the blockchain gaming project of Korean gaming giant Nexon, and has skyrocketed by over 100%. The token, now priced at $2.73, jumped to 115% since its launch, reaching an ATH of $3.84 within hours, pushing its market capitalization to over $550 million, and boosting its fully diluted valuation to $3.2 billion at its peak. However, market capitalization and FDV have been reduced to $462 million and $2.73 billion, respectively.
The explosive price action followed the announcement of a list of several top tier exchanges, including Binance Spot, Kucoin, Mexc, Bitget, Gate.io, and Bithumb.
Source: TradingView
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Within the first three hours of launch, NXPC saw a total trading volume of over $1 billion, with over $240 million being processed by Binance alone, and another $100 million being processed by South Korea’s Upbit. According to Coinmarketcap, Binance still accounts for the largest share of NXPC trading volume at 24%, followed by 14% Pancakeswap, which is largely arising against Tether (USDT).
NXPC debuts through Binance’s Alpha Platform, where users earn Alpha points by holding eligible assets. Those with at least 187 points can claim 198 NXPC tokens. The Airdrop Claims window runs from May 15th to May 16th, after which the remaining tokens may be redistributed or burned.
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