KERNEL Token Face 44% Decline Post-Binance Listing Because of Airdrop Sell-Offs
KernelDAO’s KERNEL token wey Binance dey back, face serious price drop of 44% afta dem list am for Binance. Di reason be say, pipo wey collect airdrop sell off 40 million tokens sharp sharp. Dis one cause market cap to fall to $48.6 million and trading volume jump to $380 million. From di start, na about 149.8 million KERNEL tokens dey circulate afta dem launch am for Binance’s Megadrop platform. KernelDAO, wey dem start for 2023, get am for mind to support ova 10 blockchains with focus on restaking protocols and na $10 million private sale and $40 million ecosystem fund dey back dem up. Even wit di price wahala, di way big market makers like Flow Traders, Auros Global, and Arrington Capital take part, wey dey manage 17 million KERNEL tokens, show say dem get plan to make sure say money dey move well and market dey stable. Dis one dey show say market dey grow towards strong foundation, wey big companies dey involve.
Bearish
Di sharp 44% drop wey happen to KERNEL price afta dem list am for Binance, because of di quick quick sell wey pipo wey collect airdrop do, show say market no go good for short time. Dis price fall show say market dey shake well well and e fit no dey stable, wey go make traders no wan put hand for am because dem dey fear say dem fit lose more money. But di way big market makers dey put hand for di mata, show say market fit dey stable for long time, even though market still dey shake now. Di way professional liquidity managers dey involve show say market dey grow, wey fit make price no too dey change anyhow, but we still dey look am because di effect wey dey ground now no good.