Gaming Tokens Face Declines Following Trump Tariffs and Deadrop Shutdown
Over the weekend, Bitcoin and the crypto market experienced significant price drops due to Trump's proposed tariffs. As of Tuesday, prices began to recover following the delay of tariffs on Mexico and Canada.
Key developments include:
- Immutable's IMX token fell 14% from Sunday to Monday, now down about 26% over the week.
- SAND, GALA, Ronin, AXS, MANA, BEAM, APE, and PRIME dropped between 21% and 30% during the same period.
- Notcoin saw a decline of approximately 35%, while PIXEL fell around 32%.
- Despite losses, Sui is only down less than 2%, and Sweat Economy has increased by about 8% over the week.
XP Alert
Abstract, associated with Pudgy Penguins, is distributing XP (experience points) for the first time today.
Deadrop Shutdown
The gaming studio Midnight Society, known for Deadrop, has shut down following controversies surrounding co-founder Guy Beahm. The studio laid off staff last September and recently announced its closure, stating it would assist over 55 developers in finding new jobs.