Kamino Finance weekly slide hits 18% despite a small Sunday gain
Kamino Finance’s token traded at $0.0326 at 7:40 a.m. ET on Sunday, Nov. 1, up 1.8% in a day but 18% lower than a week ago.
The quick take
- Price: $KMNO at $0.0326, +1.8% ↑ in 24 hours and -18% ↓ over seven days (CoinGecko, 12:40 UTC).
- Trigger: No Kamino Finance announcement in the last day explains the weekly drop, so the cause is not confirmed.
- Watch: Whether buyers return to the main Orca pool, where sells outnumbered buys 17,319 to 13,594.
What happened
The Kamino Finance weekly slide reached 18% on Sunday morning, even as the token added a small gain. Kamino Finance ($KMNO) traded at $0.0326 at 7:40 a.m. ET, according to CoinGecko. That is 1.8% above Saturday’s level but far below where it stood last Sunday.
Jupiter’s price feed showed $0.03264 at the same time, a gap of just 0.01%. CoinGecko puts the seven-day loss at 18%, while CoinPaprika shows 19%. Over the past 24 hours, $KMNO moved between $0.0319 and $0.0335.
Why it moved
The Sunday gain was small and steady. On Binance’s KMNO/USDT pair, hourly closes rose from $0.0317 at 8 a.m. ET on Saturday to $0.0335 late Saturday night. The price then eased back to $0.0326.
We found no Kamino Finance announcement in the last 24 hours that explains the weekly drop, so its cause is not confirmed. The wider market was calm. Solana ($SOL) slipped 1.6% in 24 hours, per CoinGecko, while LiveCoinWatch showed Bitcoin ($BTC) up 0.3% and Ether ($ETH) up 0.4%.
Who’s buying and selling
Sellers still had the edge in the token’s largest pool. The KMNO/USDC pool on Orca held $1.9 million in liquidity, according to DexScreener. It logged 17,319 sells and 13,594 buys over 24 hours.
CoinGecko shows $6.6 million in total 24-hour trading volume across markets. It puts the token’s market value at $192.4 million, which ranks $KMNO 174th among the coins it tracks.
What to watch next
The token trades about 87% below its record high of $0.2478, set on Dec. 15, 2024, per CoinGecko. Readers can track whether the price stays above Sunday’s 24-hour low of $0.0319.
A clear update from Kamino Finance would help explain the weekly loss. Until then, the balance of buys and sells in the Orca pool is the plainest sign of demand.
Bottom line: $KMNO found a small footing on Sunday, but it is still 18% lower than a week ago and sellers lead its main pool.
Sources
- CoinGecko: Kamino (KMNO) price, 24-hour range, seven-day change, volume, market value and record high (12:40 and 12:44 UTC, Nov. 1)
- Jupiter Price API: KMNO price cross-check (12:41 UTC)
- DexScreener: KMNO/USDC pool on Orca, liquidity and 24-hour buys and sells (12:41 UTC)
- CoinPaprika: Kamino seven-day change (12:42 UTC)
- Binance: KMNO/USDT hourly closes (12:41 UTC)
- CoinGecko: Solana 24-hour change (12:40 UTC)
- LiveCoinWatch: Bitcoin and Ether 24-hour change (12:41 UTC)
Price data: CoinGecko.
Not financial advice.
