KERNEL TGE NOTES

LAUNCH METRICS

• $kernel tge launched today at 11:00 utc across 8+ exchanges including binance, kraken, kucoin

• token currently trading at $0.32

• $2b ecosystem value across three products on ethereum and bnb chain

• kernel ranks #3 in restaking infrastructure with $2b+ tvl across kernel, kelp & gain products

SUPPLY DYNAMICS

• $57.83m token unlock scheduled for next week

• team tokens locked in 4-year vesting schedule with 1-year cliff

• investor tokens on 2.5-year vesting schedule

• claims opened with immediate selling pressure across exchanges

• multiple exchange listings created simultaneous trading venues

MARKET STRUCTURE

• tvl to market cap comparisons with jito and solayer suggest $3 target

• early price action dominated by airdrop claim dynamics

• trading commenced simultaneously with claim window opening

• multiple venue listings created parallel liquidity pools

• vesting schedules structure long-term token distribution