Data: KNTQ token valuation reaches 170 millions USD, protocol TVL has dropped by 60%
ChainCatcher news, the liquidity staking platform Kinetiq, based on the Hyperliquid blockchain, launched its governance token KNTQ on November 27. Currently, the price of KNTQ is $0.17, with a fully diluted valuation (FDV) of approximately $170 millions.
However, according to The Defiant, Kinetiq's total value locked (TVL) has dropped by about 60% from $2.63 billions in early October to around $1.1 billions currently, which is likely due to airdrop users closing their positions before the token launch.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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