🚨 Attention KNC Traders & Holders
Kyber Network Crystal (KNC) has seen a notable price drop today—a bearish shift that's grabbing attention. Here’s a breakdown you’d see on Binance Square:
🔻 Key Price Movements
Current Price: ~$0.47, down sharply from the intraday high of ~$0.61
Daily Change: –15.06% decline from previous close
Weekly Trend: Analysts reported a –15.7% drop in the past 7 days, putting the token around ~$0.54 at the start of the week
📊 What’s Fueling the Selloff?
1. Binance Futures Contract Delisting – Binance removed KNC coin-margined perpetual pairs in May 2024, reducing derivatives liquidity and potentially triggering long liquidations .
2. Altcoin Market Slide – In mid‑June 2024, KNC fell over 23% in 24 hours amid broader altcoin weakness, hitting around $0.55 .
3. Whale Activity – On-chain tracking shows major holders transferring hundreds of thousands of KNC to Binance, suggesting potential dumping activity that may pressure price further .
💼 Risk Guidance
Monitor exchange inflows — spikes may signal growing sell pressure ahead.
Technical levels — price breaking below support could accelerate losses.
Diversify exposure — considering KNC’s volatility, managing position size is critical
KNC/USDT 📉 PRICE DROP ALERT
Entry Range: ~$0.61
➡️ Dropped to ~$0.47 — down ~15% today
Key Zones: $0.61–0.54 support; breakdown risks further losses
Whales moving KNC to Binance — sell pressure building
Binance delisted KNC coin‑derivatives in May 2024
Altcoins in retreat; investor caution advised
