Elon Musk-themed Telegram tap-to-earn game X Empire launched its long-awaited X token on The Open Network (TON) on Thursday, with some 6 million players purportedly eligible for the airdrop. But the token launched at approximately half the estimated pre-market trading price, and has only dipped further since then.

X launched at a price of about $0.000096 per data from CoinMarketCap and has been volatile throughout the day, dipping as low as about $0.00005 before bouncing up to a peak of $0.00013. It has since fallen to roughly $0.00087 by press time.

Pre-market traders had been betting on the price of the latest Telegram game token launch on platforms like Bitget and Kucoin, with an average trading price of $0.0002 ahead of the token launch. But the actual opening price was about half of that.

Pre-market trading lets people bet on the expected price for an upcoming token, though it can be risky—particularly if some tokenomics and airdrop details have yet to be confirmed.

Meanwhile, X E

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Author: Andrew Hayward

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