XPIN (XPIN Network) has pumped 36.35% in the last 24 hours.

Gate News Bot news, on October 23, according to CoinMarketCap data, as of the time of writing, XPIN (XPIN Network) is currently priced at $0.0074, with a rise of 36.35% in the last 24 hours, reaching a high of $0.0080 and a low of $0.0023. The current market capitalization is approximately $119 million, an increase of $31.7 million compared to yesterday.

XPIN Network is a decentralized wireless network project aimed at providing secure and autonomous network connection services. The project covers over 200 countries and regions, offering high-speed wireless connectivity and automatic network switching features. XPIN Network also integrates the concepts of DePIN and GameFi, allowing users to mine for token rewards through physical devices such as XPIN PowerLink and XPIN BOX. The project plans to officially launch in the third quarter of 2024 and introduce eSIM services, with subsequent releases of products and features such as AI agents, NFT mining, and PowerLink devices.

Important news about XPIN recently:

1️⃣ System security upgrades boost investor confidence The XPIN Network launched a rapid security upgrade on October 8, while suspending withdrawal functions to ensure the safety of user assets. This move highlights the project's commitment to network security, enhancing investor confidence in the long-term development of XPIN, and becoming an important driving force behind the recent continuous rise in prices.

2️⃣ Withdrawal function suspension affects short-term market liquidity The temporary interruption of the withdrawal function has led to limited short-term liquidity for XPIN, which may be one of the reasons for the recent increase in price volatility. However, XPIN Network has promised to resume withdrawals immediately after the upgrade is completed, and this commitment has alleviated market concerns to some extent, providing support for the token price.

3️⃣ Strong rise momentum attracts market attention XPIN has recently shown a continuous pump trend, with a single-day rise of as much as 138.03% on October 17, demonstrating strong upward momentum. This sustained pump may have attracted more investors' attention, further driving the price rise.

From a technical perspective, the recent significant rise of XPIN reflects the market's positive expectations for its future development. However, the suspension of the withdrawal function may affect short-term liquidity, and investors should closely monitor the progress of the system upgrade and the specific timeline for the restoration of the withdrawal function to assess potential risks and opportunities.

This message is not intended as investment advice; investors should be aware of market volatility risks.