NXPC briefly dropped over 6%, with its market capitalization falling to $264 million.

BlockBeats News: On June 13, potentially affected by the news that "Tencent is not considering acquiring Nexon," NXPC experienced a brief slump of over 6%, with its market cap falling to $264 million.

Known for role-playing games such as MapleStory, Nexon was founded in 1994 and completed what was then the largest tech IPO in Japan in 2011. Its Tokyo-listed stock has risen by more than 10% this year, reaching a market cap of approximately $15 billion. Tencent attempted to acquire Nexon in 2019 but failed; the two companies had jointly developed Tencent's major revenue-generating game, Dungeon Fighter Online.

Notably, in March of this year, Nexon announced that its classic game MapleStory would collaborate with Ava Labs to officially venture into the Avalanche network, launching a Web3 version named MapleStory Universe. The in-game currency NXPC was listed on multiple trading platforms such as Binance, Bybit, Bitget, Upbit, and Bithumb simultaneously with its TGE in mid-May.