Base Protocol's native token Kitten (KTA) surged 22% within a day, bringing its market capitalization back to $200 million.
BlockBeats News, May 26, according to GMGN monitoring, the Base ecosystem token KTA (Keeta Network) surged 22% today, with a market capitalization returning to the $200 million mark, currently trading at $0.206, with a 24-hour trading volume rising to $3.4 million, and a weekly cumulative gain of about 50%.
KTA is the native token of the Keeta Network, positioned as a Layer-1 project bridging TradFi and DeFi. This round of increase was mainly driven by the announcement of the launch of Keeta Personal, a one-stop trading product.
The token has been listed for 446 days, with its price soaring to $1.6 at the peak in June last year. Subsequently, influenced by continued FUD surrounding project fraud, combined with on-chain detective ZachXBT stating that "the project was hyped by some KOLs of unknown origin and there is a high suspicion of whale control," the price experienced a flash crash. As of the time of writing, KTA has retraced approximately 87.5% from its all-time high.
BlockBeats reminds users that on-chain transactions are highly volatile, often driven by market sentiment and speculative concepts. Investors should be cautious of the risks involved.
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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