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Data: KNTQ Token valuation reaches 170 million USD, protocol TVL has fallen by 60%
ChainCatcher news, the liquid staking platform Kinetiq based on the Hyperliquid Blockchain, will launch its governance token KNTQ on November 27. Currently, the price of KNTQ is $0.17, with a fully diluted valuation (FDV) of approximately $170 million. However, according to a report by The Defiant, Kinetiq's Total Value Locked (TVL) has decreased by about 60% from $2.63 billion early in October to approximately $1.1 billion, likely due to airdrop users closing their positions before the Token issuance.