XAI AIRDROP ON ARBITRUM PUTS $70M INTO GAMERS’ WALLETS

Summary from the TLDR Crypto newsletter

The Xai gaming network, built as a "layer-3" network on Arbitrum, has started its first major token airdrop. It will distribute 125 million XAI tokens to eligible participants, including certain NFT owners and Sentry Node operators. The airdrop's total value currently sits at nearly $70 million. XAI's market cap stands at just over $154 million, with over 277 million tokens in circulation, including those from the airdrop.