KMD Token Plunges 25% After Binance Delisting Announcement, Market Cap Drops to $8.8 Million

Komodo (KMD) experienced a 7.70% price decline over the last 24 hours, with the current price at $0.0575 (down from a 24h open of $0.0623 on Binance). The primary driver of this price drop is Binance’s announcement of the upcoming delisting of the KMDUSDT trading pair, effective July 4, 2025, which has triggered significant selling pressure and heightened market volatility. This delisting, attributed to low trading volume, reduced development activity, and regulatory compliance requirements, led to a sharp negative market reaction, including a 25% price drop immediately following the news and continued bearish sentiment. Komodo’s market capitalization now stands at approximately $8.8 million, with 135,954,000 KMD in circulation and a ranking of 1123 by market cap. Overall, the asset remains under pronounced downward pressure, with high volatility and declining valuations observed throughout late June 2025.