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      KNTQ briefly surged over 30% before pulling back, now trading at $0.24

      PANews reported on August 24 that CoinMarketCap market data shows that after Kinetiq announced the Hyperliquid L2 network Elysium, KNTQ briefly surged more than 30%, then gave back some gains and now trades at $0.2397. Its current market cap is about $66.03 million, with 24-hour trading volume of about $6.02 million. Previously, Kinetiq said that 50% of Elysium sequencer fees will be used to buy back KNTQ from the open market, and all purchased tokens will be burned.


      Source: PANews
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