The Novastro token XNL has experienced a 70% drop from its public sale price, with some recently launched projects trading below their issuance price.

BlockBeats News, October 30th, according to market data, RWAfi project Novastro’s token XNL fell below the public sale price of $0.05 yesterday after the TGE, now trading at $0.015. Calculated at the current price, participants in the public sale round are facing a loss of around 70%. Recently, some IDO projects have also experienced price drops.

Earlier, Novastro conducted a public sale on Kaito AI, raising $2 million, exceeding the target by 2.3 times.