SLX is currently around 0.13u. We’ve been tracking this coin for almost a month—let’s go back and sort it out.

When it launched in June, it surged from 0.05u to 0.66u fast—then it went into a long, steady decline all the way until now. From the peak, it’s dropped by nearly 80%.
On July 9, we specifically reminded everyone about the risks before that unlock. After the unlock, the price really got smashed again—from just above 0.2u, it fell all the way to the current 0.13u.
During this time, the team hasn’t been idle either. They did an airdrop to boost activity and also listed on several new exchanges—trying every way to keep people, but they still couldn’t hold the price up.
One piece of data is pretty interesting: the size of the locked funds is even higher than the market cap. That suggests there are real funds inside the protocol—not purely an air market—but the market doesn’t care about that now. It only looks at unlocks and sell pressure.
At around 0.13u, below that near 0.125u is the shallow support ground out over the past two days. If it breaks below, there won’t be any decent buyers waiting.
From start to finish, this coin is the same story: the fundamentals are real, but the supply hasn’t been fully released. Any rebound is just another chance for people to run.#SLX $SLX