Anoma (XAN) Crashes 60% After Exchange Listing as Airdrop Hunters Rush for Exits

Just hours after hitting major exchanges, Anoma's XAN token got absolutely hammered—plunging a staggering 60% as airdrop farmers raced to cash out their free tokens.

The Great Airdrop Exodus

What was supposed to be a celebratory listing day turned into a mass exodus. Thousands of airdrop recipients immediately dumped their tokens, creating a selling tsunami that overwhelmed any organic buying pressure. The classic 'buy the rumor, sell the news' play—except this time everyone sold the news simultaneously.

Market Mechanics Exposed

The brutal price action reveals the fundamental flaw in massive airdrop campaigns: you're distributing tokens to people who got them for free, creating instant selling pressure from participants with zero cost basis. It's like giving away free samples of champagne—most people will drink it immediately rather than cellar it for years.

Short-term pain for long-term gain? Maybe. Or just another reminder that in crypto, 'free money' usually comes with invisible price tags—and the bill always arrives right after listing day. Because nothing says sustainable tokenomics like thousands of people rushing for the exits before the project team even finishes their celebratory tweets.

As of press time, XAN was trading at $0.11, holding support above $0.10. A drop below this level could exacerbate losses, potentially pushing the token down to the next psychological support level at $0.080.

Anoma is an intent-centric blockchain protocol designed to function as a decentralized operating system for multi-chain coordination, privacy, and settlement. XAN serves as the network’s native token that is used for staking to secure the network, participating in governance and covering transaction fees.

Anoma has previously secured backing from leading investors and research groups, including Polychain Capital, CMCC Global, Electric Capital, Maven 11, and Fenbushi Capital.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.