Back to collection
Xai Chronicle

$0.006651: All-time low

A day without any news. During the early morning hours when liquidity was thinnest, a few sell orders slid along the empty buying orders, and XAI hit $0.006651 - the lowest price in its history of more than 900 days on the market. From $1.60 on 2024-03-11, it has fallen 99.6%.

A day without any news. During the early morning hours when liquidity was thinnest, a few sell orders slid along the empty buying orders, and XAI hit $0.006651 - the lowest price in its history of more than 900 days on the market. From $1.60 on 2024-03-11, it has fallen 99.6%.

With a market value of about $14 million, the ranking slipped to just outside the 800th spot. Two and a half years ago, this name was the exchange's homepage, with six trading pairs opened at the same time, and a valuation of billions of dollars; today, it is smaller than many new coins that have been online for a week, and it takes more than a dozen pages to find it in the market software. There was not a single industry media report all day long—it fell to an all-time low and there was no news. This is what ranking outside 800 means.

But there is one set of facts that has nothing to do with price: the chain did not stop for a second. Blocks are released, sentinels are drawn, Raijin tasks are issued, and the number of more than 51,000 currency-holding addresses is slowly increasing. The night watchman's notebook ran on the balcony today, just like every other day. Someone asked him his thoughts in the group, and he said: "When I came in 2021, this chain didn't exist yet. Now the chain is there, and I am too. Don't sell in the bull market, don't leave in the bear market, and do what you say." Ah Zhen took a look at the price before leaving get off work, and only replied to the internal group: No transaction was lost in the backend today.

The author recalled many scenes on this day: the decision in the garage to "make one if I can't find a suitable chain"; the pin insertion on the opening night of a major global exchange; the carnival of doubling airdrop customers' accounts in a week; the $1.60 top; the bouncing game and the public cutting; the blood of 10·10. Over nine hundred days and nights, it went from being sought after by thousands of people to being reported by no one. The price has dropped by 99.6%, but there is still 0.4% left - in that 0.4%, there is a chain that is still producing blocks, and a small group of people who are unwilling to leave.

Elegy is not a finale. Today I only record, not say goodbye.