Kamino’s KMNO Pumps 65% in Single Day After Bybit Listing

As a researcher with a background in cryptocurrency markets and blockchain technology, I find the recent price surge of Kamino Finance (KMNO) truly intriguing. Having closely monitored the market for quite some time, I’ve grown accustomed to its volatile nature. However, this sudden 64% increase in just one day, pushing $KMNO to trade at $0.07886, was a remarkable exception.

In an unexpected turn of events, the price of Kamino Finance (KMNO) experienced a staggering 64% increase in a single day, leaving many in the cryptocurrency world surprised. This sudden spike in value was particularly noteworthy given the market’s reputation for volatility—currently, Kamino Finance can be purchased for $0.07886.

As an analyst, I’ve noticed a significant increase in activity surrounding the cryptocurrency KMNO recently. The cause may be linked to Bybit’s recent announcement of a 3,750,000 dollar airdrop as part of their Kamino campaign. This means that eligible users on the Bybit platform stand to receive a share of this substantial allocation of KMNO tokens.

3,750,000 $KMNO is available in @Bybit_Official’s Kamino campaign

See the tweet below for details:

— Kamino Foundation (@KaminoFdn) May 2, 2024

Based on data from Coingecko, there was a significant increase of 90% in Kamino’s trading volume within a 24-hour period, reaching approximately $35 million. Its market capitalization also grew to around $78.68 million.

Kamino’s KMNO Pumps 65% in Single Day After Bybit Listing

On April 30, the debut of Solana’s new lending platform, Kamino, saw the introduction of its native token, $KMNO. However, within an hour after the launch, $KMNO experienced a significant decline of over 64%.

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2024-05-03 09:40