XST (XST), a Solana-based token tied to the XSolutAI project, jumped double digits Thursday, even as on-chain analytics firm Bubblemaps flagged what it described as a highly concentrated supply structure and questioned the token’s distribution.
XST Rallies Amid Liquidity
The Solana (CRYPTO: SOL)-based token jumped 13% over the last 24 hours, according to CoinGecko. Since its launch earlier this month, XST has rallied by 205%.
However, the coin’s 24-hour trading volume stood at just $2.8 million, down 7.90% from the day before. Cryptocurrencies with such low volume tend to be illiquid, meaning even small trades cause large price swings.
XST tokens launched in early August on Solana and currently trade only on decentralized exchanges, primarily on Meteora and Orca.
The token has a total supply of 1 billion, with a fully diluted valuation of $36.648 million.
Shady Project Origins?
XSolutAI positions itself as the “world’s fastest-growing AI marketplace” that connects AI infrastructure, capital and innovation.
The stated focus includes data centers, power generation, cooling systems, semiconductors, fiber, land and construction.
That said, public sources show no long track record, proven product, big partnerships or audited tokenomics.
Why You Should Be Careful
On-chain analytics firm Bubblemaps publicly flagged XST last week. It visualized a heavily bundled memecoin where one cluster controls nearly 74% of the supply across 513 addresses.
The token was being heavily promoted on TikTok via viral influencer clips, AI-generated Trump-related videos, fake profit screenshots, and unverified associations.
Price Action: At the time of writing, XST was exchanging hands at $0.03718, up 12.80% over the last 24 hours, according to data from Benzinga Pro.
Photo courtesy: LEE WA DA on Shutterstock.com
Login to comment