Latest NEM (XEM) News Update

TLDR XEM treads a tightrope between ghost chain fears and niche utility whispers. Here’s what’s trending:
1. Binance labels XEM a “ghost chain” amid delistings and developer exodus
2. Casino adoption gains traction despite reliance on crypto conversions
3. Exchange exits pile up as liquidity dries up

Deep Dive

1. Cointelegraph: Ghost chain designation triggers sell-off

“Binance delisted XEM in June 2024 due to low trading volume and stagnant development – classic ghost chain symptoms.”
– Cointelegraph (11 Aug 2025 · 10:15 AM UTC)
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What this means: This is bearish for XEM because the ghost chain label erodes investor confidence, potentially accelerating capital flight. The Binance delisting (previously handling ~$20B daily volume) severely reduced liquidity access.

2. CoinMarketCap: Gambling pivot faces conversion hurdles

“XEM’s PoI consensus enables fast transactions, but players must swap to BTC/ETH via exchanges like Binance first.”
– CoinMarketCap (18 Jun 2025 · 12:00 AM UTC)
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What this means: This is neutral for XEM because indirect casino usage creates friction, though highlights residual utility. The 70.9% price spike on 23 July 2025 suggests speculative interest in niche use cases.

3. Dex-Trade: Liquidity crisis deepens with exchange exits

“Dex-Trade and EXMO delisted XEM in 2024, citing ‘low liquidity’ and compliance risks.”
– Dex-Trade (5 Jun 2024 · 12:00 AM UTC)
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What this means: This is bearish for XEM because reduced exchange support limits price discovery. Turnover ratio (0.152) confirms illiquidity – traders face wider spreads and slippage.

Conclusion

The consensus on XEM is bearish, with ghost chain warnings and exchange exits outweighing niche gambling use. While the Proof-of-Importance mechanism still draws technical praise, developer activity and daily transactions will be critical metrics to monitor for revival signs. Watch August’s turnover ratio for liquidity shifts post-ghost chain headlines.

TLDR NEM (XEM) faces existential questions as recent news highlights its "ghost chain" status and fleeting price rallies. Here are the latest updates:

1. Ghost Chain Label Intensifies (11 August 2025) – Binance delisting and minimal activity cement XEM’s "ghost chain" reputation.
2. July 2025 Price Surge (23 July 2025) – XEM spiked 70.9% weekly amid broader altcoin momentum, but gains reversed.
3. Exchange Exodus Continues (20 July 2024) – EXMO delisted XEM citing low liquidity, part of a multi-year trend.

Deep Dive

1. Ghost Chain Label Intensifies (11 August 2025)

Overview:
Analysts at CoinMarketCap and Cointelegraph flagged XEM as a ghost chain—a blockchain with negligible developer activity, transaction volume, or community engagement. Binance delisted XEM in June 2024 alongside WAVES and OMG due to low liquidity and stalled development. Recent data shows XEM’s daily transactions rarely exceed single digits, and GitHub repositories have seen no meaningful updates since 2023.

What this means:
This is bearish for XEM because ghost chains typically face further exchange delistings and investor abandonment. The label undermines confidence in NEM’s ecosystem viability, reflected in its -77% 90-day price decline. (CoinMarketCap)

2. July 2025 Price Surge (23 July 2025)

Overview:
XEM rallied 70.9% in the week ending 23 July 2025, briefly hitting $0.0042 amid a broader altcoin surge led by Dogecoin (+31.8%) and Solana (+22.4%). The spike coincided with rising crypto market liquidity (+21% monthly) but lacked fundamental triggers like protocol upgrades or partnerships.

What this means:
The rally was likely a technical bounce or speculative play, given XEM’s high volatility (-45% over 60 days). Without sustained development or adoption, such pumps often reverse—XEM has since dropped 41% to $0.00248.

Conclusion

NEM’s trajectory hinges on reversing its ghost chain narrative, but recent news underscores systemic issues: dwindling exchange support, no developer activity, and reliance on fleeting market pumps. While July’s rally showed speculative interest, the absence of foundational growth leaves XEM vulnerable. Can NEM’s team reignite ecosystem development, or is this a sunset phase for the project?

TLDR NEM (XEM) shows no recent codebase updates, signaling stagnation.

1. Binance Delisting (June 2024) – Removed due to weak development activity and low liquidity.
2. Ghost Chain Status (August 2025) – Critically low developer activity and GitHub commits.

Deep Dive

1. Binance Delisting (June 2024)

Overview:
Binance delisted XEM in June 2024, citing limited development activity and low liquidity. This followed similar delistings on Dex-Trade and EXMO in 2023–2024.

The exchange’s review process prioritizes projects with active development and user engagement. XEM’s removal reflects dwindling technical momentum, reducing accessibility for traders and developers.

What this means:
This is bearish for XEM because exchange exits limit liquidity and visibility, often correlating with declining investor confidence. Reduced exchange support may accelerate ecosystem stagnation.
(Source)

2. Ghost Chain Status (August 2025)

Overview:
Analysts classify XEM as a “ghost chain” due to minimal GitHub activity, inactive social channels, and negligible on-chain transactions.

No code commits, protocol upgrades, or security audits have been reported since 2024. The project’s GitHub repositories show no meaningful updates, and community forums are largely dormant.

What this means:
This is neutral-to-bearish for XEM because inactive development raises sustainability concerns. Without updates, the network risks security vulnerabilities and obsolescence, though low activity reduces immediate technical risks.
(Source)

Conclusion

NEM’s codebase has seen no meaningful updates since 2024, with delistings and ghost-chain labels highlighting its decline. While dormant projects occasionally revive, XEM’s trajectory suggests fading relevance. Could renewed developer interest or partnerships reverse this trend?

Deep Dive

1. Catapult Engine Delays (2019)

Overview: The Catapult blockchain engine – designed to enhance NEM’s scalability and smart contract capabilities – was last actively discussed in 2019 (NEM Forum). Despite initial claims of “revolutionary tech,” development stalled post-funding cuts and team restructuring.

What this means: Bearish for XEM, as the failure to deliver this core upgrade eroded technical relevance. The project lacks a modern L1/L2 framework to compete with chains like Solana or Ethereum.

2. Exchange Delistings (2024–2025)

Overview: Major exchanges including Binance delisted XEM in June 2024, citing low liquidity and trading volume (Cointelegraph). EXMO and Dex-Trade followed in 2024–2025, shrinking accessibility.

What this means: Neutral-to-bearish signal. While delistings reflect dwindling demand, the remaining $3.36M daily volume suggests niche speculative interest despite -81% 90-day price decline.

3. Ghost Chain Status (2025)

Overview: NEM now meets “ghost chain” criteria: negligible GitHub activity, ~$0.00236 price (down 88% YoY), and minimal on-chain transactions. Recent news highlights its classification alongside abandoned projects like Diem (CoinMarketCap).

What this means: Bearish long-term. Without developer traction or use-case revival, XEM risks fading into obscurity. The 99% circulating supply and zero inflation mechanics offer no deflationary upside.

Conclusion

NEM shows no active development or strategic pivots, with exchange exits and stagnant tech cementing its decline. While occasional price spikes (e.g., +70% in July 2025) may occur, they lack fundamental support. How might regulatory shifts in Japan – historically a NEM stronghold – impact its dormant ecosystem?