Latest NEM (XEM) News Update

Deep Dive

1. Binance Flags XEM as Ghost Chain (11 August 2025)

Overview:
Binance’s June 2024 delisting of XEM resurfaced in recent analyses of “ghost chains”—blockchains with minimal usage, development, or community engagement. Reports highlight stagnant GitHub activity, low daily transactions, and sparse ecosystem growth as key red flags.

What this means:
This is bearish for XEM because exchange exits and inactivity signals erode investor confidence, potentially accelerating liquidity decline. However, historical examples like Feathercoin show revivals are possible, albeit rare. (CoinMarketCap)

2. EXMO Delists XEM Over Low Activity (20 July 2025)

Overview:
EXMO removed XEM from its platform, citing weak liquidity and trading volumes. Deposits halted on 13 July, with full delisting completed by 20 July. The exchange advised users to withdraw holdings promptly.

What this means:
This reflects broader market skepticism, as exchanges prioritize assets with stronger demand. Reduced accessibility could further suppress trading activity, though XEM remains listed on smaller platforms. (EXMO)

Conclusion

XEM’s recent narrative centers on declining relevance, underscored by exchange exits and inactivity warnings. While its price saw a 70.9% surge in July 2025, 90-day losses (-40.74%) and a $20.7M market cap suggest persistent headwinds. Can NEM’s Proof-of-Importance mechanism reignite developer interest, or will it fade into crypto’s graveyard?

Deep Dive

1. @Binance: Delisting fuels ghost chain fears bearish

“XEM among 4 coins delisted June 2024 due to stagnant development and liquidity”
– Binance (143M followers · 22M impressions · 2024-06-11 UTC)
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What this means: This is bearish for XEM because exchange exits reduce accessibility and signal waning institutional confidence, compounding its -86% yearly price decline.

2. @BC.Game: Casino adoption sparks interest bullish

“XEM’s fast settlements now used via converters at 10+ crypto casinos”
– BC.Game (290K followers · 1.2M impressions · 2025-06-18 UTC)
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What this means: This is bullish for XEM as gambling integration could boost transactional demand, though reliance on third-party converters limits direct utility.

3. @CryptoLeak: Volatility draws daytrader bets mixed

“XEM pumped 70% last week on low liquidity – easy to move, easier to dump”
– CryptoLeak (82K followers · 480K impressions · 2025-07-23 UTC)
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What this means: This is neutral – thin markets enable rapid pumps, but XEM’s 90-day volatility (-40%) suggests unstable footing for sustained rallies.

Conclusion

The consensus on XEM is mixed, balancing niche use-case optimism against existential relevance doubts. Watch developer activity metrics – GitHub commits have flatlined at ≤2/month since 2024, per Santiment, a critical hurdle for escaping "ghost chain" stigma.

Deep Dive

1. Catapult Upgrade (Q3/Q4 2019)

Overview: The Catapult upgrade aimed to rewrite NEM’s core software in C++ to improve transaction speeds by 10x and scalability. However, forum discussions (NEM Forum) indicate delays due to funding challenges and developer attrition. The upgrade was critical for enterprise adoption but faced setbacks during the 2019–2020 bear market.

What this means: Neutral for XEM. While the technical foundation was laid, delays and muted post-launch marketing limited network effects. Recent delistings (e.g., Dex-Trade) suggest ongoing liquidity and adoption challenges.

2. XEM Value Proposition Strategy (2024)

Overview: The NEM Foundation proposed discounts for enterprises using XEM in private chains and a dedicated exchange for mosaics/STOs. These ideas aimed to tie XEM’s utility to real-world transactions but lacked concrete execution timelines (NEM Forum).

What this means: Bearish for XEM. Without clear milestones, these proposals remain aspirational. The token’s 87% annual price decline and $20.5M market cap (vs. Binance Coin’s $110B) reflect weak demand-side catalysts.

3. Japanese Market Expansion (2025)

Overview: Japan’s 2025 crypto tax overhaul (Cointelegraph) could revive NEM’s historical regional traction. However, recent news highlights XEM’s classification as a “ghost chain” (CoinMarketCap) due to stagnant developer activity.

What this means: Neutral. Regulatory tailwinds exist, but NEM’s lack of recent partnerships or ecosystem growth (e.g., no major dApps) undermines revival prospects.

Conclusion

NEM’s roadmap lacks actionable near-term drivers, with legacy upgrades and unexecuted strategies failing to counter declining adoption. The project’s reliance on past initiatives like Catapult and regional goodwill in Japan hasn’t translated to measurable progress. How might NEM’s Proof-of-Importance mechanism adapt to modern DeFi and institutional demand?

Deep Dive

1. Testnet & Mosaic Tracking (April 2025)

Overview:
The latest code update introduced a new testnet and tools to track expired mosaics, aiming to enhance network stability and asset management.

Key changes include:
- A dedicated NEM testnet for developers to test features without affecting the mainnet.
- New API endpoints (/local/mosaic/definition/supply, /local/mosaics/expired) to monitor mosaic expiration and historical supply data.
- Fixes for block beneficiary assignments and mosaic balance restoration logic.

What this means:
This is neutral for XEM because while the updates improve backend functionality, they lack user-facing innovations. The focus on technical maintenance suggests developer activity but does not address broader ecosystem growth or adoption challenges.

(Source)

Conclusion

NEM’s development activity remains minimal, with its last significant code changes focused on infrastructure upkeep rather than new features. The absence of recent updates aligns with its classification as a “ghost chain” in multiple 2024–2025 reports. How might prolonged technical stagnation impact XEM’s long-term viability?