So, 🌟 PX has been listed. Let me tell you how it went.
ℹ️ Both DEXs were notified in advance and enabled trading lock functionality. However, on 🗿StonFi, trading actually began an hour before the official listing. This caused a sharp price surge to $0.8 and a subsequent stabilization around $0.6 per PX.
The situation was further complicated by Tokentable service issues (one [
link]), two [
link], three [
link]), which couldn’t handle the claim load. Some users couldn’t request claims, while others were stuck waiting for transactions to process.
➡️ Then, right on schedule, 🤔DeDust carried out their listing, but at a lower, initial price. As a result, a wave of buying activity began pushing the price rapidly toward the market rate. This surge was dampened by a sell-off (120k PX => 8.2k TON) ([
transaction link]). Although unpopular, this was a smart move that prevented inexperienced users from buying above $0.65. The action was a one-time hit, unlike some other "sniper defense" strategies 😏.
Afterward, the price gradually declined from $0.6 to $0.25. This smooth decline was sustained by purchases from a MM wallet ([
link]) funded with 100k TON. Those lucky enough to claim sold within this range. News about farming on StonFi with juicy boosts briefly lifted the price to $0.40, but it has since fallen back to around $0.25 and is holding steady.
🤔 I rate the launch a 5/10. Personally, I staked the PX I bought into farming and am waiting for PX from Tokentable. If the price drops below $0.2 or $0.1, I plan to buy more. Based on my expectations, we could stabilize at $0.5+ thanks to future plans. My conclusions are here ([
link]).
💬 What do you think?
👍 - Weak hands are selling; I’m buying more.
🤝 - Not buying yet, just holding.
🔥 - Only down from here; $0.2 is still a good price to sell.
🤯 - Didn’t participate and don’t plan to.
Source - Crypto Defend