The price of Xmon (XMON) dropped 85% after the decentralized NFT marketplace SudoSwap’s unlocking program ended.
above sudoSwap XMON With the end of the staking event, the token lock opening took place. Unlocking millions of tokens at once at the price of XMON 85%brought a decrease. Users will receive early liquidity providers on SudoSwap at the end of January and Xmon NFT sent to collectors SUDO tokens, airdrop they had taken.
SudoSwap also has xmon It gave a special chance to users who have a part of the NFT collection after this airdrop process. Xmon, an NFT collection created by the founding team of SudoSwap, XMON tokens distributed exclusively to collectors staking per NFT of users 10 thousand SUDOs that they could win. With this heavy staking opportunity offered, there was a serious demand on XMON and the price was within a day. It had jumped from $19,000 to $43,000.
When the locks of the large amount of XMON that were locked at that time are unlocked at the same time, both the XMON price and the SUDO price are reduced. hard falls it happened.
Along with the unlock process, according to CoinGecko data 85% depreciating XMON 24 thousand 400 dollars from the level 3 thousand 237 dollars declined. SUDO, which faced strong sales pressure, although not as much, %12 experiencing a decline $2.09 from the level for $1.84 declined. XMON 4.305 from dollars SUDO is 1.89 traded in dollars.