According to the latest data from KuCoin, the native token of the privacy-focused blockchain Anoma, XAN, is currently trading at approximately $0.013, marking a staggering 94.95% decline from its all-time high of $0.26. Early investors who bought at the peak have lost nearly 95% of their capital. However, the current price still represents a 115.21% increase from its all-time low of $0.01, suggesting some bottom-fishing support.
Supply and Circulation
As of May 25, 2026, the circulating supply of XAN stands at 2.5 billion tokens, with a maximum supply of 10 billion. At the current price, the circulation market cap is about $33 million, while the fully diluted valuation is roughly $130 million. With only 25% of the total supply in circulation, future token unlocks could exert persistent selling pressure.
Market Performance Analysis
Anoma, a privacy and zero-knowledge proof blockchain, secured investments from top-tier funds like Polychain Capital. Yet, its token price has been in a downtrend since launch in 2024. Key factors include: 1) Macro headwinds: the crypto bear market of 2025-2026 has dragged down most altcoins; 2) Delayed mainnet: repeated postponements of the mainnet launch have eroded confidence; 3) Intense competition: rival privacy chains like Aleo and Manta Network have captured market share, reducing XAN liquidity.
Exchange and Storage Options
XAN is primarily traded on KuCoin and other mid-tier exchanges. Users can store XAN in KuCoin's custodial wallet or choose self-custody solutions such as browser wallets, mobile apps, hardware wallets, or paper wallets. Given the high volatility, long-term holders are advised to use hardware wallets for security.
Outlook and Risks
Although XAN is near its all-time low, no clear reversal pattern has emerged. If the team accelerates the mainnet launch and introduces incentive programs to boost ecosystem activity, the token could recover. Conversely, continued unlock pressure and lack of new catalysts may push XAN further down, with risk of eventual collapse. Investors should monitor official updates and on-chain metrics closely.