At the beginning of 2021, the trading price of Pundi X (PUNDIX) was extremely low, at around $0.00009, making it one of the cheapest digital assets on the market at that time. However, just a few months later, its price soared to over $0.0027, an increase of nearly 30 times, bringing considerable returns to some investors. For example, if someone invested $750 in the early days and held onto the token, its value would grow to over $22,500. Of course, this assumes that no selling occurred during the holding period.
Pundi X is a project focused on building cryptocurrency payment infrastructure. It has developed a system called XPOS, which is similar to card terminals used in retail stores. With XPOS, users can make payments using cryptocurrencies such as BTC, ETH, BNB, and NPXS, and it also supports traditional payment methods like Visa, Mastercard, Apple Pay, and Alipay.
Users using XPOS will also receive NPXS tokens as rewards when processing payments. The system also includes features such as an app store, advertising capabilities, and card issuance. For merchants, this model is attractive because they can earn 1% in fee income from each transaction.
Initially, the circulating supply of NPXS exceeded 258 billion tokens. Such a huge supply made the price of each token very low, making it difficult for investors to perceive the actual benefits of price increases.
To address this issue, Pundi X announced a reverse split at a ratio of 1,000:1. That is, an investor holding 1,000 NPXS will receive 1 new token—PUNDIX—after the split. This means that the price of each token increases by 1,000 times, although the total value remains unchanged.
This initiative aims to reduce the total supply of tokens, simplify the unit price of tokens, and lower the psychological threshold for investment.
After the announcement of the reverse split, the price of NPXS saw another surge. This may be due to renewed investor interest and market expectations of a reduced supply. NPXS is primarily traded in the USD market on Upbit, which means that most of its trading volume is concentrated in South Korea. This also makes its price susceptible to the buying behavior of a single exchange.
Recently, Bitcoin dropped to around $47,000 and quickly rebounded to the $54,000 range, showing that the overall market is recovering. However, due to the rapid rise, the current phase is still intertwined with profit-taking and short-term corrections.
For altcoin investors focused on assets that have seen significant increases, it is better to pay more attention to gradual accumulation and risk control rather than blindly chasing after price increases.
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