What Happens When Your Token Gets Ghosted? xMoney Drops New XMN & UTK Panic Ensues! 🚨

by

In the twilight haze of some September day, xMoney, that proud European Web3 payment startup-once known simply as UTrust, a name whispered almost fondly now-decided to unveil a new token, called XMN, perched delicately upon the Sui blockchain. Ah, but this news was no gentle breeze; it stirred a storm among the weary holders of the old UTK token, like dogs barking at an unfamiliar moon.

The great saga of expansion unfolds, as MultiversX stretched its arms to embrace Sui, proclaiming this the grand “next stage” of xMoney’s destiny. One might hear whispers in dimly lit rooms: “The future shall not be chained to one chain,” they said. The new XMN token debuted at a hopeful ten cents, with a value stretched wide across a billion-no, ten billion tokens, like stars scattered carelessly across the firmament.

You see, xMoney was but a phoenix risen from ashes of UTrust, acquired last year by the mighty MultiversX Labs (fka Elrond). The grand rebranding took place in August 2023, carried by a near-unanimous vote, as if one’s neighbors rallied for a village square makeover. Along with fresh paint came a shift in economics that seemed to confuse and delight nearly equally-limiting UTK to a billion tokens rather than the previous dream of 250 million, whispering promises of deflationary magic.

UTK, faithful soldier of the MultiversX network, served investors as a governance token, a staking badge for merchant guilds, even a cashback charm. Then came whispers of independence in early 2025, with new leadership shuffled in-Greg Siourounis stepping from the venerable halls of the Sui Foundation to captain this ship.

UTK Price Analysis: When Dilution Feels Like a Game of Russian Roulette 🎲

Here’s the twist: UTK will soon bow out gracefully, leaving holders with a choice-exchange at equal count but suffer six moonlit months locked away, or endure the sting of a three-to-one swap with immediate freedom. The catch? XMN boasts ten times-nay, thrice that fun supply, promising to reduce UTK holders’ standing to tiny shadows of their former selves. A dilution, the kind that curls one’s mustache in dismay.

Take dear Alice, for instance. She clung to a hundred old tokens, a speck in the vast universe. Post-conversion, she might hold the same number of new tokens, shackled and growing in silence, or a mere thirty-three tokens free to roam, both options turning her cosmic share into near-invisibility. It’s like being king of a minuscule country that suddenly annexed a continent – your throne’s still there, but you’re swiftly becoming a very small man in a very big land.

Coinspeaker, ever the inquisitive reporter, sought the wisdom of xMoney’s spokesperson. They smiled knowingly, reassuring us that the values increased because of recent investments and grand plans-“trust us” they said, “there’s growth happening in places you can’t see.”

They called the 1:1 swap “excellent,” an immediate tripling of value in theory, if only you can afford to wait half a year. But, as with any promise from the crypto gods, the future remains hazy and no guarantees were made. Analysts noted a 6% fall in UTK’s price, a market reaction somewhere between a sigh and a facepalm 🤦.

xMoney (UTK) 24-hour price chart as of September 5, post-announcement | Source: CoinMarketCap

On the battlefield of social media-known simply as X-Bayar Ali, xMoney’s CFO, admitted the governance path ahead was fraught with undefined obstacles. Financial mysteries, economic riddles: all still wrapped in that charming cloak of “to be determined.”

“I want to address the dilution problem. I do agree that it may pose a problem for governance, this is actually the only place I think we have to discuss intensively.

We have not yet defined the new governance process – it’s on the roadmap. But we will need to address several…”

– Bayar Ali (@bayar_ali) September 5, 2025

For those thirsting for clarity, a virtual gathering was announced for the 8th of September, promising answers, or at least more questions with a friendly tone.

“Join us on Monday as we’ll share not just what’s new with $XMN, but also go through the main questions this upgrade has raised. It’s all about clarity!”

– Greg Siourounis (@xMoneyGreg) September 5, 2025

Coinspeaker Chats: The Art of Token Replacement (or “Why Break the Old When You Can Swallow It Whole?”)

1. Why unveil a whole new token instead of simply ferrying UTK to Sui? Do old UTK holders not deserve better than to be gently discarded?

A sly smile: XMN is not just a facelift or a modest yacht upgrade but a grand ocean liner-aiming for horizons far beyond UTK’s watery limits. XMN will reward its daring passengers with shiny new quests, mysterious rewards, and a loyalty scheme complex enough to confuse even the most diligent sailors.

The old UTK community, once wronged by silence, will find solace in conversion perks like the 1:1 swap-if they’re patient enough to wait-and a shiny NFT, a digital badge of honor that says, “I stuck around.”

2. How come the conversion isn’t a neat 1:10 ratio, matching token supplies?

Because, dear reader, this is not a mere conversion. It is a quantum leap! The new token’s value enjoys the spoils of xMoney’s recent infrastructure investments and dreams of global conquest. One must look beyond mere numbers, assess prices, gaze at NFTs, and imagine rewards yet unseen.

2.B. So, dilution is just a fundraising gala dressed as an apocalypse?

Indeed, there shall be a Growth Fund, fed by this token inflation promised to be “under control.” New revenue streams are planned; merchants and users gale through grand incentives. Remember, some revenue leaks back to MultiversX, our distant overlords.

3. What of the humble UTK, the guilds, and the future?

A governance vote looms like a foggy dawn. UTK will slowly fade, giving way to XMN’s bright but complicated future. Guilds are being redrawn, merchant sub-communities recast in new molds, eager to bask in the glow of loyalty and incentives.

3.B. And what of MultiversX itself? Will XMN ever return home to us?

Ah, an unanswered riddle! The choice depends on Sui’s reception, MultiversX’s whim, and xMoney’s ambitions-a geopolitical dance of blockchains yet to be choreographed.

Read More

2025-09-06 05:14