KGEN (KGeN) 24-hour pump 54.07%

Gate News Bot news, on October 20th, according to CoinMarketCap data, KGEN (KGeN) is currently priced at $0.42, having risen 54.07% in the last 24 hours, reaching a high of $0.67 and a low of $0.17. The current market capitalization is approximately $83 million, an increase of $29.1 million compared to yesterday. KGEN is currently ranked 360th in global Crypto Assets market capitalization.

KGEN recent important news:

1️⃣ The Gate platform fully launches KGEN trading feature Gate will launch KGEN perpetual contract spot trading on October 7, 2025, at 22:30 ( UTC+8, supporting USDT settlement and allowing leverage of 1-50 times. At the same time, KGEN unified account lending and isolated margin trading pairs will be introduced. In addition, Gate has opened various functions for KGEN, including copy trading, trading bots, residual coin wealth management, flexible and fixed mortgage lending, instant exchange, and regular investment. This series of measures greatly enhances the liquidity and trading convenience of KGEN, providing more possibilities for its price volatility.

2️⃣ KGEN Token Airdrop Event The KGEN project team recently conducted a token airdrop event and added 54.2 KGEN coins to users who successfully received the airdrop. This initiative may lead to a short-term increase in the supply of KGEN coins in the market, potentially affecting its price.

3️⃣ KGEN Lockup Pool Activity A trading platform will open the KGEN lock-up pool from October 9 to 16, with a total prize pool of up to 174,000 KGEN. Such activities may affect the circulation and market demand of KGEN in the short term, thereby impacting its price.

From a technical perspective, KGEN has experienced significant price fluctuations over the past few days. On October 10, there was a sharp decline, dropping from a peak of $0.64 to $0.15, a decrease of 37.18%. In the latest 24 hours, the KGEN price saw a substantial rebound of 54.07%, rising from $0.17 to $0.42. Such drastic price fluctuations may be related to market adjustments after the new trading platform launch and the impact of various activities. Investors should closely monitor subsequent trends and the latest announcements from the project team.

This message is not an investment advice, and investors should be aware of market volatility risks.