XPIN (XPIN Network) has pumped 12.61% in the last 24 hours.

Gate News Bot message, on October 20, according to CoinMarketCap data, as of the time of writing, XPIN (XPIN Network) is currently priced at 0.00401471 USD, with a rise of 12.61% within 24 hours, reaching a maximum of 0.00453829 USD and a minimum drop to 0.00100075 USD. The 24-hour trading volume reached 100 million USD. The current market capitalization is approximately 64.6 million USD, an increase of 7.23 million USD compared to yesterday.

Important news about XPIN recently:

1️⃣ System security upgrades attract market attention XPIN Network announced a rapid and secure system upgrade on October 8, temporarily suspending the withdrawal function to ensure the safety of user assets. This move reflects the project team's high regard for network security and may enhance investors' confidence in the long-term development of XPIN, becoming one of the important factors driving the recent price rise.

2️⃣ Withdrawal function suspension affects short-term liquidity The temporary suspension of the withdrawal function has led to limited liquidity for XPIN in the short term, which may be one of the reasons for the recent increase in price volatility. However, XPIN Network has promised to immediately resume withdrawals after the upgrade is completed, and this commitment has alleviated market concerns to some extent, supporting the token price.

3️⃣ Security upgrades drive long-term development prospects Although system upgrades may impact user experience in the short term, enhancing system security is beneficial for the continuous and stable operation of the XPIN Network in the long run. This initiative lays a more solid technical foundation for the future development of XPIN, improves the overall competitiveness of the project, and may be an important reason why investors are optimistic about its future development.

From a technical perspective, the recent significant rise of XPIN may be related to the market's positive expectations for improved network security following the system upgrade. However, as the withdrawal function has been suspended, it may affect short-term liquidity, and investors should closely monitor the progress of the system upgrade and the specific timeline for the restoration of the withdrawal function.

This message does not constitute investment advice; investors should be aware of market volatility risks.