Novastro’s XNL dropped sharply from $0.05 to $0.0126 post-TGE, sparking criticism of Kaito AI amid investor losses and community concerns over alleged scam project listings.
Novastro’s XNL token fell to $0.0126 after its token generation event, marking a 75% drop from the public sale price of $0.05. The project had raised $2 million through Kaito AI’s oversubscribed sale, but the steep decline led to significant investor losses and community criticism of Kaito AI for allegedly hosting scam projects.