The Novastro XNL Token Dropped 75% from its ICO Price, Sparking Community Doubts About the Fundraising Platform Kaito AI

BlockBeats News, October 31st. According to market data, the RWAfi project Novastro's token XNL plummeted below the public sale price of $0.05 two days after its TGE, now trading at $0.0126. At the current price, participants in the public sale round are facing approximately 75% losses. Novastro had previously conducted its public sale on Kaito AI, raising $2 million, 2.3 times oversubscribed.

The participation in the token public sale, which resulted in a price drop below the issuance price, has triggered community doubts about Kaito AI, with users suggesting that the fundraising platform shares some responsibility for enabling "rug pull" projects to raise funds.