Back to collectionSelling Pressure Turns Attention Back to Delivery
Background: The excitement in XAI's price after XIP-1 passed was fading, and no execution plan had appeared. Today: XAI fell back to $0.09 under selling pressure. Impact and next steps: The retreat from yesterday's high weakened expectations that passage alone would keep the price rising, but it did not decide the proposal's fate.
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Background: The excitement in XAI's price after XIP-1 passed was fading, and no execution plan had appeared. Over the weekend, some in the chat awaited news while others worried that the brief rise would give holders a chance to sell. The Night Watchman tried to discuss those concerns separately.
Today: XAI fell back to $0.09 under selling pressure. Some took that as a sign the market did not believe in the proposal; others said thin weekend trading could not settle the question. The Night Watchman did not urge anyone to hold. Instead, he asked which implementation detail people most wanted first. Replies centered on when rewards and buybacks would begin.
Impact and next steps: The retreat from yesterday's high weakened expectations that passage alone would keep the price rising, but it did not decide the proposal's fate. People in the chat chose to look for steps and deadlines in the next announcement, then make their own decisions about later activities. Selling pressure remained, as did the need for a concrete timetable.