Crypto
XST Token Price Surges Amid Thin Liquidity
The Solana-based token XST has surged 13% over the last 24 hours, but its thin liquidity and concentrated supply have raised red flags. Since its launch earlier this month, XST has rallied by 205%, with a current price of $0.03718. However, the coin's 24-hour trading volume stands at just $2.8 million, down 7.90% from the day before.
On-chain analytics firm Bubblemaps flagged XST last week, visualizing a heavily bundled memecoin where one cluster controls nearly 74% of the supply across 513 addresses. The token was being heavily promoted on TikTok via viral influencer clips and AI-generated content.