NEXPACE surges over 100% after a wave of exchange listings

NXPC, the new token from Nexon’s blockchain gaming arm, is gaining massive traction—having surged over 100% following a wave of major exchange listing announcements and its market cap surpassing $500 million.

NEXPACE (NXPC), the native token of the blockchain gaming project from South Korean gaming giant Nexon, is surging over 100%. Currently priced at $2.73, the token has jumped 115% since launch, reaching ATH of $3.84 within hours and pushing its market cap to over $550 million and a fully diluted valuation to $3.2 billion at its peak. However, the market cap and FDV have since retraced to $462 million and $2.73 billion respectively.

The explosive price action followed announcements of listings on several top-tier exchanges including Binance Spot, KuCoin, MEXC, Bitget, Gate.io, and Bithumb.

NXPC saw more than $1 billion in total trading volume within the first three hours after launch, with over $240 million processed on Binance alone and another $100 million on South Korea’s Upbit. According to CoinMarketCap, Binance still accounts for the largest share of NXPC trading volume at 24%, followed by PancakeSwap at 14%, with the majority of trades occurring against Tether (USDT).

NXPC debuted via Binance’s Alpha platform, where users earn Alpha Points by holding eligible assets. Those with at least 187 points could claim 198 NXPC tokens. The airdrop claim window runs from May 15 to May 16, after which remaining tokens may be redistributed or burned.