Why did KERNEL crypto crash over 40% today?

Kerneldao supported by Binance faced a net sale just after his token core began to negotiate on Binance after his generation of tokens.

The beginnings of Kernel on Binance were welcomed by a quick sale while the recipients of airlines unloaded their assets. The token dropped almost 44% to a minimum session of $ 0.262, bringing its market capitalization to $ 48.6 million.

The launch sparked a frenzy of activity, the negotiation volume 24 hours a day, increasing nearly $ 380 million. At the time, around 149.8 million nucleus tokens were in circulation.

Kernel began to negotiate on April 14 with several pairs, including Kernel / USDT and Kernel / BNB. Beyond the trading of points, Binance also rolled up The nucleus on other key services, such as Simple Gover, buy the crypto, the convert, the margin and the future with a lever effect of up to 75x.

This list followed announcement This nucleus was the fourth project on its Megadrop platformwhich took place from April 9 to 13.

Users who locked the BNB in ​​a simple gain and finished the web3 quests obtained a share of 40 million Ardrop Berns, 4% of the total offer of 1 billion.

By looking at the Tokenomics, 55% of the total supply is set for community awards and air parameters and 5% for the growth and partnerships of ecosystems. Meanwhile, 20% of the offer is divided between private sales and the team / advisers with a lock of 6 months and a 24 -month acquisition.

During the launch, around 162.3 million nucleus or 16.23% of the total offer were in circulation.

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

The TGE coincided with a major coordinated list on the best exchanges, including Coinbase, Kraken, Kucoin, Mexc, Gate.io, Coinex and Bitvavo, which all started to exchange the nucleus on the same day.

It is common for new tokens to be faced with early dumpsters, especially after air parachts. For example, tutorial (tut) pumped over 235% after his Binance list On March 28, only to lose more than half of its value per week later, because investors collected.

What is Kerneldao?

Launched in 2023, Kerneldao is a replenishment protocol with more than 2 billion dollars of total locked value and supports more than 10 blockchains, in particular Ethereum, the BNB channel, the arbitrum and optimism.

Its main products include the nucleus, a replenishment infrastructure on the BNB chain; Kelp LRT, a superior liquid replenishment platform on Ethereum; And gain, a tokest awards program that helps users get high -performance rewards and air land.

The nucleus token acts like the governance and utility token. Holders can take it back to help secure the network and unlock more air opportunities. Kerneldao also uses some of his protocol income to buy nucleus tokens.

Since its launch, Kerneldao has obtained significant funding, including a private sale of $ 10 million in 2024 led by Binance Labs (now Yzi Labs), SCB Limited and Digital Laser. In addition, the project has created an ecosystem fund of $ 40 million to develop and develop the replenishment infrastructure on the BNB channel.