$KNC $ Daily increase of 115%, ranking first in the increase list!

$KNC is the platform token for the exchange Kyber Network, which is a decentralized exchange that does not require a trusted third party and facilitates the conversion/exchange of crypto assets.

KNC ensures liquidity in an innovative way, without the need for trust and with immediate token exchange capabilities, including reserve management, reserve contributors, dynamic reserves, and smart contracts for managing reserves. Additionally, KNC allows multiple reserves to coexist, enabling the platform to provide users with optimal exchange rates in a series of comparisons.

From the candlestick chart, KNC has been consolidating at the bottom, accumulating. Suddenly, at noon today, it surged dramatically, and such a rise of 120% without any favorable news indicates that smart traders surely know it is a pump by the market maker to sell at a higher price. KNC has a relatively low market capitalization, only around 100 million, making it easy for the project team to control the market.

Currently, there appears to be significant capital inflow, and the market maker aims to leverage this surge to get retail investors involved, while observing that the funding rate has reached -1%, allowing the project team to utilize retail investors' funding fees to wash out contract short positions.

A doesn't recommend chasing the rise; it’s better to wait and observe. For those entering, take profits promptly in the short term, and avoid becoming a bag holder. Friends may refer to the pump tactics of $VIC .

Daily market conditions can be exhausting; just be patient and wait!!!

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