KERNEL Crypto Crashes Over 40% – Here’s Why ?
Airdrop Sell-Off:
KERNEL’s sharp drop over 40% in a day was mainly driven by a mass sell off from users who received tokens through a recent airdrop. Once listed on Binance, many holders quickly cashed out, causing heavy selling pressure.
Surge in Supply:
At launch, 162 million tokens (16.23% of the total 1 billion supply) entered circulation, contributing to oversupply and weakening price support.
Market Conditions:
Ongoing market volatility, global trade tensions, and economic uncertainty have led to investor caution across crypto markets. These macro factors intensified KERNEL’s decline.
Despite Major Listings:
Even with Binance and upcoming Coinbase listings, the rapid token sell-off and broader market stress outweighed bullish sentiment, leading to today’s steep price fall.
$KERNEL