XST (XST), a Solana-based token tied to the XSolutAI project, jumped double digits Thursday, even as on-chain analytics firm Bubblemaps flagged what it described as a highly concentrated supply structure and questioned the token’s distribution.
XST Rallies Amid Liquidity
The Solana (CRYPTO: SOL)-based token jumped 13% over the last 24 hours, according to CoinGecko. Since its launch earlier this month, XST has rallied by 205%.
However, the coin’s 24-hour trading volume stood at just $2.8 million, down 7.90% from the day before. Cryptocurrencies with such low volume tend to be illiquid, meaning even small trades cause large price swings.
XST tokens launched in early August on Solana and currently trade only on decentralized exchanges, primarily on Meteora and Orca.
