Recently, the XAI token has shown some progress on the Arbitrum Layer 3 network, with 25 million tokens airdropped to Vanguard and Legendary NFT holders. After an update on March 11, 2026, the token price saw about a 60% increase. However, currently, the token is priced around $0.01, and over the year, it has seen about a 73% decline. There is also legal confusion around the brand name, which is tied to the AI company xAI, potentially affecting the token’s market perception.