In early 2021, Pundi X (PUNDIX) was traded at an extremely low price of around $0.00009, making it one of the most inexpensive digital assets on the market. However, within just a few months, its price surged past $0.0027, marking an almost 30-fold increase and generating significant profits for some investors. For example, if someone had invested $750 early on and held the tokens without selling, the value would have grown to over $22,500. Of course, this assumes consistent holding without selling midway.
Pundi X is a project focused on building cryptocurrency payment infrastructure. It developed the XPOS system, which functions similarly to a card terminal for retail stores. Through XPOS, users can make payments not only with cryptocurrencies like BTC, ETH, BNB, and NPXS, but also with traditional methods such as Visa, Mastercard, Apple Pay, and Alipay.
XPOS users also receive NPXS tokens as rewards for processing payments. The system includes features like an app marketplace, advertising functions, and card issuance. For merchants, the model is appealing because they can earn 1% in transaction fees as revenue for each transaction.
Originally, NPXS had an enormous circulating supply of over 258 billion tokens. This vast supply kept the price per token extremely low, which made it difficult for investors to perceive price increases in a meaningful way.
To address this, Pundi X announced a reverse token split, with a 1,000:1 ratio. This means that for every 1,000 NPXS tokens held, investors would receive 1 new token—PUNDIX—after the split. As a result, the price per token increased by 1,000 times, though the actual value remained the same.
This move was designed to reduce the total token supply, simplify the unit price, and lower the psychological barrier to investing.
Following the reverse split announcement, NPXS experienced another price increase. This was likely due to renewed investor interest and the perception of reduced supply. NPXS is primarily traded on Upbit's USD market, meaning that a significant portion of trading volume is concentrated in South Korea. As such, the price is susceptible to fluctuations based on buying activity from a single exchange.
Bitcoin recently fell to around $47,000 before rebounding quickly to the $54,000 range. This signals a general market recovery. However, due to the rapid nature of this rise, the current phase appears to be a mix of profit-taking and short-term corrections.
For altcoin investors—especially those eyeing assets that have already seen substantial gains—it is advisable to focus more on dividing purchases and managing risk, rather than entering the market abruptly for short-term gains.
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