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The cryptocurrency token $KMNO, developed by Kamino Finance, experienced a significant drop in value shortly after its launch on multiple exchanges on April 30, 2024. Initially listed at $0.11, the price of $KMNO plummeted to $0.04 within ten minutes, marking a decrease of approximately 64%. This token, part of the Solana ecosystem, was listed for spot trading at 12:00 UTC on platforms such as KuCoin, Bybit, and Backpack Exchange. In addition to its trading debut, Kamino Finance also introduced a staking feature for $KMNO, offering up to a 300% increase in Kamino Points for stakeholders.
🚨 JUST IN: Kamino Finance's $KMNO token takes a nosedive! Plummeting from $0.11 to $0.04 in less than 10 minutes. This represents a roughly 64% decrease in value from launch time. https://t.co/oriseBVF75
It’s not the day to be a Kamino holder. The KMNO token went live and traders fiercely rejected it, as it opened at $0.11 only to drop to $0.03 less than ten minutes later. We’re talking about a 70% drop in minutes! Drop a flame in the comments if you got burned by KMNO.
The Pyth Network has released its KMNO/USD price feed. $KMNO is the governance token of @KaminoFinance, a first-of-its-kind DeFi protocol that unifies lending, liquidity, and leverage on @solana. The Pyth KMNO/USD price feed is now available on more than 55 blockchains. https://t.co/JjT8RNsXFN
