Or a short-term slump of more than 90% due to pledge unlocking of XMON

It is reported that, according to Paidun data, XMON, the native token built by Sudoswap developer 0xmons for summoning neural network to generate pixel monster NFT platform, experienced a short-term slump of more than 90%. According to coingecko data, the current XMON has dropped from $25000 to $3666.92, with a decline of 85.3% in the past 24 hours. The community user @ lumpsugar53 said it might be related to the release of XMON pledge. In addition, the future XMON token is likely to have nothing to do with Sudoswap governance. In January of this year, Sudoswap released the governance token SUDO and launched lock-in and airdrop. Early sudoAMM LP (only limited to the transaction pool) and 0xmons NFT holders (before the snapshot date) were eligible to obtain SUDO airdrop, while XMON holders could obtain SUDO tokens through lock-in activities. After that, after being locked for 1 month from the contract deployment, each locked XMON could obtain 10000 SUDOs.

Interpretation of this information:

The message discusses a recent drop in value of XMON, the native token of the Sudoswap-developed NFT platform for generating pixel monsters using neural networks. According to Paidun data, XMON experienced a short-term slump of more than 90%, with the current value decreasing from $25,000 to $3666.92, a decline of 85.3% in the past 24 hours. The reason behind this drastic decline is uncertain, but community user @lumpsugar53 speculates that it might be related to the release of XMON pledge.

Moreover, the article mentions that the future of XMON token might not be linked to Sudoswap governance. In January of this year, Sudoswap introduced the governance token SUDO, which could be obtained by early sudoAMM LP and 0xmons NFT holders through lock-in and airdrop. XMON holders could also obtain SUDO tokens through lock-in activities. However, it seems that XMON holders may not have any influence on Sudoswap governance in the future.

The drop in value of XMON is concerning for those who have invested in the platform. However, it is important to note that such dramatic fluctuations in value are not uncommon in the world of cryptocurrencies. It is possible that the decline is due to a combination of factors, such as market speculation, a lack of confidence in the platform, and external market conditions.

Despite the uncertainty surrounding XMON’s future, Sudoswap remains dedicated to developing its NFT platform. The platform’s use of neural networks to generate unique pixel monsters is a promising innovation, and it has already attracted a community of users interested in collecting these NFTs. While XMON’s current drop in value might be a setback, it doesn’t necessarily mean that the platform’s future is in jeopardy.

In conclusion, the drop in value of XMON is a reminder of the volatility of the cryptocurrency market. Investors should exercise caution when investing in such assets, and it is important to research and understand the underlying technology and potential risks before making any decisions. While Sudoswap’s NFT platform has potential, its future may depend on the company’s ability to address the concerns of its investors and create a stable ecosystem that supports the growth of its tokens.