XYZVerse has finally listed its XYZ coin on the MEXC exchange on January 29, 2026, concluding a 15-month presale that raised nearly $17 million from retail investors.
The $XYZ launch did not go smoothly. Within 24 hours of the listing, the project experienced vesting restrictions, a website outage during the Token Generation Event (TGE), a community vote to remove all vesting restrictions, and a full token unlock, followed by a sharp price drop.
The first minutes of $XYZ trading on MEXC showed strong price movement before the vesting restrictions, website outage, and token unlock unfolded.
XYZ Coin Launch on MEXC and Extreme Price Volatility in First Minutes of Trading
$XYZ started trading on the MEXC exchange at 13:00 UTC, with the first trades recorded at approximately $0.025, despite the project previously communicating an expected listing price of $0.10.
Within the first minute of trading, the price surged sharply, with several thousand dollars in trading volume, reaching an all-time high of $0.2401, reflecting nearly a 2,000% increase from the last presale stage price of $0.012084.
Following this spike, the price corrected and stabilized between $0.04 and $0.06. While this level remains several hundred percent above the final presale price, most presale participants were unable to sell their holdings at that time due to vesting restrictions.
XYZVerse Website Goes Offline During Token Launch, Team Announces Domain Migration
During the critical launch window, the official XYZVerse website became inaccessible to users, prompting immediate speculation across X (formerly Twitter) and Telegram that the project had rug-pulled investors.
No immediate clarification was posted on X, which further increased uncertainty among holders trying to verify their balances and claim status.
Several hours later, the team issued a statement on Telegram explaining that the project had migrated to a new top-level domain and that the website now ends with “.ai” instead of the previous domain.
This isn’t the first time the XYZVerse website has gone down unexpectedly. In July 2025, during the presale period, the official site was inaccessible for approximately 17 hours. At the time, the team attributed downtime to a DDoS attack and assured users that funds were safe. That incident also triggered rug-pull fears across the project’s social channels.
XYZVerse Vesting Schedules Surprise Early Investors and Trigger Community Poll
Many early investors in the XYZVerse presale state that they did not expect their XYZ coin allocations to be subject to strict vesting schedules.
At some point during the presale period, the whitepaper was updated to include vesting terms, stating that 0.5% of tokens would be released at the TGE, with the remainder distributed gradually over time.
However, investors report that even this 0.5% was not immediately available to claim at launch.
In response to mounting criticism, the team published a poll on their official Telegram channel asking the community to vote between two options:
- Option 1: Immediate 100% release of all XYZ coins to investors
- Option 2: 10% now, vesting for the rest
The situation changed within a few hours.
XYZVerse Announces Full Unlock as XYZ Coin Drops 88% Within Hours
On 30 January at 17:12 UTC, the XYZVerse team published a new announcement on Telegram stating that the community had voted to unlock 100% of all XYZ coins immediately, removing all vesting restrictions.
The team explained that the original gradual vesting plan was intended to protect investors during market downturns, but following two voting rounds, the decision was made to release all tokens at once.
The unlock began at 17:30 UTC.
Prior to the announcement, $XYZ was trading around $0.04. As the unlock went live and presale participants gained access to their full allocations, heavy sell pressure appeared almost immediately.
Within minutes, the token dropped sharply to $0.0022 and, at the time of writing, is trading around $0.0015.
This represents an 88% drop from the final presale price and a 99% drop from the intraday high reached on listing day.
What Is XYZVerse Crypto Project and What Is It Developing
XYZVerse positions itself as an all-sports memecoin ecosystem that combines esports, fan participation, and blockchain mechanics via the XYZ coin. The project previously launched an on-chain Counter-Strike 2 esports league with a reported $5.5 million prize pool, in which crypto influencers and community members competed.
XYZ coin is intended to be used for access passes, voting, predictions, digital collectibles, and participation in competitive events. The platform integrates a “Revenue Router” mechanism that buys back and burns tokens generated by platform activity.
The project claims to have generated millions in prior platform revenue through partner integrations, including Bookmaker.xyz, a decentralized sports betting platform.
Tokenomics include a large initial burn of over 17% of supply and a long-term deflation model. The team has remained anonymous but states it passed KYC verification with SolidProof and underwent smart contract audits by Pessimistic.
The roadmap includes NFT marketplace features, staking, prediction markets, and expansion to additional games and sports events during 2026.
