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Novastro token XNL fell 75% from the public offering cost price, causing the community to question the fundraising platform KaitoAI

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2025-10-31 04:25:07
On October 31st, according to market data, the Novastro token XNL of the RWAfi project fell below the cost price of the public offering round after TGE the day before yesterday, and is now reported at $0.0126. According to the current price, the participating users of the public offering round lost about 75%.
Novastro previously held a public offering in KaitoAI, raising an amount of 2 million US dollars, which exceeded the fundraising by 2.3 times. Participating in the public offering of tokens caused losses, which raised questions from community users about Kaito AI, saying that the fundraising platform was partially responsible for the "fraudulent" project fundraising.
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