KNTQ briefly climbed more than 30% after Kinetiq announced Elysium, the Hyperliquid L2 network, before giving back part of those gains. The token is now trading at $0.2397, with a market value of about $66.03 million and 24-hour trading volume of roughly $6.02 million. Kinetiq previously said 50% of Elysium sequencer fees will be used to buy KNTQ on the open market, and the purchased tokens will be fully burned.
KNTQ briefly rose more than 30% after Kinetiq announced Elysium, the Hyperliquid L2 network, before giving back part of the move. The token is now trading at $0.2397.
The token’s market value is about $66.03 million, with roughly $6.02 million in 24-hour trading volume.
Kinetiq previously said 50% of Elysium sequencer fees will be used to buy KNTQ on the open market, and all tokens bought will be burned.
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