Why did black Cripto crash over 40% today?

Kerneldao is faced with sharp sale immediately after the Kernel token began to trade in binance following his event generation tokens.

Kernel’s debut on binance is filled with fast-sales sellers while air recipients took their farm. The token fell by almost 44% on the session of a low from $ 0.262, bringing his market hat to 48.6 million dollars.

The launch launched a frantic activity, with a 24-hour trading volume performed at almost 380 million dollars. At that time, about 149.8 million kernel tokens were in circulation.

The kernel started trading 14. April with more pairs, including Kernel / USDT and Kernel / BNB. In addition to the trading spot, binance overturn Kernel via other key services, such as simple earnings, buy crypto, convert, margin and futures with up to 75K lever.

This list followed bynance announcement If Kernel was the fourth project on her Megadrop platformwho ran from 9. April to 13. April.

Users who locked the BNB in ​​simple earnings and finished Web3 tasks received a share of 40 million air kernel, 4% of the total offer of a billion.

Looking at the tokenomic, 55% of the total offer is set for awards and air gates and 5% for ecosystem partnership and partnership. Meanwhile, 20% of offer is divided between private sales and team / advisor with a 6-month lock and 24-month bracket.

Starting, about 162.3 million of the cache or 16.23% of the total offer, has accelerated in traffic.

Kerneldao initially planned to launch a token in February 2025. years, but later pushed the launch until 14. April.

TGE coordinated with the main coordinated intake on top exchanges, including coinbass, Kraken, Kucoin, Mexc, Gate.io, Coinek and Bitvao, and all started to trade Kernel to the same day.

It is common for new tokens to face early landfills, especially after airflows. For example, Tutorial (Tut) Filled over 235% after stage list 28. Marta, only to lose more than half of its value in a week later, because early investors cashed.

What’s Kerneldao?

It was launched in 2023. year, Kerneldao is a protocol for improvement with over $ 2 billion locked and supports more than 10 blocks, including Etherum, BNB chain, arbitruum and optimism.

Its ambites products include the core, infrastructure for a bnb chain; Kelp LRT, upper platform for fluid reproduction on Etherm; Both profit, tokenized award program that helps users earn awards with high yield and aircap caps.

The kernel token acts as a token of management and utilities. Holders can restart it to help secure the network and unlock more air options. Kerneldao also uses some of its income for the protocol to buy kernel tokens.

Since its launch, Kerneldao has provided significant funding, including $ 10 million sold in 2024. years LED laboratories for binance (now Izi Labs), SCB Limited and Laser Digital. In addition, the project has established an ecosystem fund of $ 40 million to expand and develop redial infrastructure on the BNB chain.