#knc $KNC

What's the catch? Why such growth? 🚀

What kind of giant is this? Will there be a sharp dump after this?

Reason for Growth

✨1) Reason: Explosive volume and listing on major exchanges

In the last 24 hours, KNC has surged by more than 100%, with a turnover exceeding $900 million per day — a level that has not been seen before on CoinMarketCap.

At the same time, on the South Korean exchange Upbit, the price of KNC rose by 75.5% in a day, attracting additional interest from traders.

✨2) Reason: Accumulation by 'whales' and short squeeze

Large players ('whales') have begun actively increasing their positions in KNC, seeing the potential undervaluation compared to other altcoins according to zondacrypto.

Technically, a powerful 'breakout' candlestick pattern has been noted on the Binance charts — characteristic of a short squeeze, where algorithmic systems force out short positions through liquidations on Binance.

✨3) Reason: Strengthening of the ecosystem and DeFi integrations

KNC is actively integrating into Layer 2 solutions (Arbitrum, Optimism, etc.), expanding access to liquidity and reducing fees for Medium users.

Interest in participating in KyberDAO is increasing: according to Coinbase, about 23% of all tokens are currently staked for rewards (~2.32% APY), creating additional demand in the Coinbase market.