NEXPACE (NXPC), the native token of Nexon’s blockchain gaming division, has exploded onto the crypto scene surging more than 100% within hours of its launch, thanks to a wave of high-profile exchange listings and surging investor interest.
The token, which launched at around $1.27, soared to an all-time high of $3.84 shortly after debut, before stabilizing near $2.73. At its peak, NXPC achieved a fully diluted valuation (FDV) of $3.2 billion, with its live market cap touching over $550 million. It has since retraced slightly to a market cap of $462 million and FDV of $2.73 billion.
Exchange Listings Drive Frenzy
Fueling NXPC’s explosive price action was its near-simultaneous listing on multiple top-tier exchanges including Binance Spot, KuCoin, MEXC, Bitget, Gate.io, and Bithumb. The news sparked a trading surge, with NXPC generating over $1 billion in volume within the first three hours of launch. Binance alone processed $240 million, followed by $100 million on South Korea’s Upbit.
Currently, Binance holds the largest trading share at 24%, followed by PancakeSwap at 14%, with most trades being made against Tether (USDT).
Launched Through Binance Alpha
NXPC was introduced via Binance’s Alpha platform, a new launchpad initiative that rewards users based on Alpha Points earned through asset holdings. Users with at least 187 points were eligible to claim 198 NXPC tokens. The airdrop window opened on May 15 and will close May 16, with any unclaimed tokens subject to redistribution or burning.
This launch model generated significant buzz in both the DeFi and gaming communities, especially as Nexon is one of South Korea’s most recognized game publishers with globally popular IPs.
A Bold Entry Into Blockchain Gaming
NXPC’s debut underscores the accelerating convergence between traditional gaming and blockchain. With Nexon backing the project, and billions in valuation within hours, NXPC is positioning itself as a serious contender in the GameFi space.
As interest in utility-backed gaming tokens grows, NXPC’s early momentum suggests it could play a pivotal role in shaping the next wave of blockchain-integrated gaming ecosystems.
With backing from gaming giant Nexon, rapid exchange adoption, and overwhelming early trading volumes, NXPC is off to a powerful start. As the blockchain gaming industry continues to expand, NXPC’s surge may signal a broader appetite for tokens built around trusted gaming brands and real use cases.
