Report Date: October 9, 2025 Source: AIXBT MCP Top Projects
XMN token launches at $0.10 with 10B max supply and 500M circulating supply (5% initial circulation), while whale activity shows $24.7K BNB withdrawal amid exchange rumors and $200M USDT movement to Aave protocol.
I need to clarify an important distinction: MEXC is not the crypto project - it's a cryptocurrency exchange. The actual project is xMoney (XMN), which is listing on MEXC today, October 9, 2025, at 18:30 UTC[3]. Let me provide a comprehensive analysis of xMoney based on the available information.
xMoney represents a fundamental restructuring of the former UTrust/xMoney ecosystem, transitioning from MultiversX to the Sui blockchain[1]. The project positions itself as a MiCA-compliant, next-generation payment ecosystem designed to bridge traditional finance and blockchain technology[2]. This regulatory compliance under the EU's MiCA framework provides a significant advantage for European market penetration.
XMN launched on September 5, 2025, with a $0.10 price per token and a $1 billion fully diluted valuation (FDV) based on its 10 billion total supply[1]. This tokenomic structure represents a dramatic shift from the previous UTK token, which had only 1 billion total tokens, creating immediate dilution concerns among existing holders[1].
The 500M circulating supply (5% initial circulation) you mentioned suggests a highly controlled token release strategy, though this specific figure isn't confirmed in the available sources. This low initial circulation could support price stability but also raises questions about long-term selling pressure as tokens unlock.
The transition from UTK to XMN has sparked significant controversy within the community. UTK holders face 10-30x dilution due to the dramatic supply increase from 1 billion to 10 billion tokens[1]. The conversion mechanism offers two options:
This structure creates arbitrage opportunities but effectively dilutes long-term holders who supported the project through its MultiversX phase[1]. The company justified this decision by claiming the new token provides "much wider scope" than UTK, including building a loyalty platform, providing ecosystem grants, and offering rewards to multiple stakeholder groups[1].
xMoney operates as a licensed and regulated payment gateway serving European businesses, enabling acceptance of payments through multiple channels including traditional cards, cryptocurrency, Apple Pay, and Google Pay[2]. The platform's core infrastructure includes:
The migration to Sui blockchain represents a strategic pivot from ecosystem exclusivity, with xMoney explaining that "the future of xMoney will not be limited to one system or one chain"[1]. This multi-chain vision suggests potential expansion beyond Sui in the future.
xMoney targets the European merchant payment processing market with a value proposition centered on reduced transaction fees, loyalty programs, and simplified regulatory compliance[2]. The MiCA compliance framework provides a competitive moat against non-compliant competitors attempting to enter European markets.
The project claims to launch with "immediate real-world use" rather than speculative utility, positioning XMN as functional from day one within their existing payment infrastructure[2]. This differentiates it from many crypto projects that launch tokens before achieving product-market fit.
In February 2025, xMoney became independent from MultiversX Labs following an announcement by Beniamin Mincu, MultiversX Foundation's CEO[1]. Greg Siourounis joined as the new co-founder and CEO, coming from a managing director position at the Sui Foundation[1]. This leadership connection to Sui Foundation likely influenced the blockchain selection for XMN.
Dilution Risk: The 10x supply increase creates significant downward pressure on per-token value despite the company's growth narrative.
Regulatory Dependency: While MiCA compliance is currently an advantage, regulatory changes could impact operations significantly.
Multi-Chain Complexity: Managing tokens across MultiversX (UTK) and Sui (XMN) creates operational complexity and potential liquidity fragmentation.
Community Trust: The conversion terms and perceived abandonment of UTK holders could damage community support, which is crucial for ecosystem token success.
Market Competition: The payment processing space includes established competitors like traditional payment processors and other crypto payment solutions.
Regarding the whale activity you mentioned ($24.7K BNB withdrawal and $200M USDT movement to Aave), this information doesn't appear in the available search results specific to xMoney or XMN. These movements may be related to broader market activity or unrelated to the XMN launch specifically. Without confirmed sources linking these flows to xMoney, they shouldn't be considered as directly relevant risk or opportunity indicators for this project.
Current Price: As of the latest data, XMN is trading at approximately $0.1019 USD[7], essentially at its launch price, with 24-hour trading volume of $783,213.71 USD[7].
Liquidity Concerns: The relatively low trading volume suggests limited liquidity in early trading, which could lead to high volatility.
Valuation Assessment: At $1 billion FDV with claimed real-world utility and regulatory compliance, the valuation appears aggressive for a payment processing token, especially considering established competitors operate at similar or lower valuations with proven track records.
The MEXC listing today represents a liquidity expansion opportunity but also introduces additional selling pressure from traders unfamiliar with the project's history and UTK controversy.
Citations: [1] https://www.mexc.fm/en-TR/news/xmoney-launches-new-token-on-sui-old-token-utk-dips-amid-dilution-fears/86873 [2] https://www.mexc.com/exchange/XMN_USDT?inviteCode=2fAA3 [3] https://www.coingabbar.com/en/crypto-blogs-details/top-5-mexc-listings-pikamoon-xmoney-truvia-cirrca-bitcoin-hyper [4] https://www.mexc.co/en-IN/how-to-buy/XMN [5] https://www.mexc.com/news/xmoney-introduces-xmn-as-new-token-powering-its-ecosystem-and-the-future-of-payments/86470 [6] https://www.mexc.com/en-TH/news/xmoney-expands-global-payment-capabilities-on-sui-network/106622 [7] https://coinmarketcap.com/currencies/xmoney/
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