White Whale-MEXC Dispute Resurfaces, Involving $3 Million Fund Freeze
- Dispute Resurgence: In January 2026, White Whale accused MEXC of listing its perpetual futures before official market-making support was active, reigniting concerns over centralized exchanges' operational transparency, which could undermine investor confidence.
- Historical Context: Back in August 2025, White Whale alleged that MEXC froze over $3 million in funds due to a demand for in-person KYC checks in Malaysia, which was not clearly stated in the user terms, leading to a crisis of trust among users.
- Compliance Issues: Although MEXC initially denied the allegations, claiming the account was flagged by internal risk systems, it later accepted blame, highlighting the significant control centralized exchanges have over user funds, sparking widespread debate.
- Market Reaction: Following White Whale's derivatives listing on Bybit, trading interest surged, and the new allegations against MEXC may intensify scrutiny over its market operations, potentially affecting its future user base and market reputation.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000628 | 0.00000907 | 0.0000116 | 0.0000144 | 0.0000169 | 0.0000197 | 0.0000223 |
| Fibonacci | 0.00000907 | 0.0000111 | 0.0000124 | 0.0000144 | 0.0000164 | 0.0000177 | 0.0000197 |
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