Novastro Token XNL Plummets After Public Sale, Raising Concerns About Platform Oversight

Following its public sale on Kaito AI, Novastro’s token XNL experienced a dramatic 75% drop in value. This plunge has sparked concerns about the platform’s due diligence processes and investor security. Despite raising $2 million at a 230% oversubscribed valuation, the token lost nearly all of its initial sale price just two days after the Token Generation Event (TGE). This drastic decline highlights potential flaws in Kaito AI’s vetting process, impacting community trust and driving scrutiny of the platform’s procedures. 🤔