Kamino Finance weekly drop deepens to 13%

Kamino Finance weekly drop deepens to 13% on a weak Friday

Kamino Finance ($KMNO) traded at $0.02979 at 2:42 p.m. ET on Friday, Nov. 13, down 4.0% in 24 hours and 13% over seven days, according to CoinGecko.

The quick take

Price: $0.02979, -4.0% in 24 hours ↓, -13% over 7 days ↓ (CoinGecko, 19:42 UTC)
Trigger: No Kamino announcement explains it; the drop came on a weak day for the whole crypto market.
Watch: The 24-hour low of $0.02966, just under the current price.

What happened

The Kamino Finance weekly drop deepened to 13% on Friday. Kamino Finance ($KMNO) traded at $0.02979 at 2:42 p.m. ET (19:42 UTC), according to CoinGecko. That is 4.0% lower than a day earlier.

Over the past 24 hours the token moved between $0.02966 and $0.03136, so it now sits close to its daily low. It is down 19% over 30 days and 88% below its record high of $0.2478 from Dec. 15, 2024.

Jupiter‘s price feed showed the same $0.02979, a gap of just 0.03% from CoinGecko.

Why it moved

Kamino has not posted any new announcement in this window, so the cause of the drop is not confirmed. The move lines up with a weak day across crypto. Bitcoin ($BTC) traded near $69,017, down 3.5% in 24 hours, according to LiveCoinWatch.

Solana ($SOL), the network Kamino runs on, slipped 1.6% to $80.04 on CoinGecko. It is down 11% over seven days, close to the token’s own weekly loss.

The selling came in two waves. Hourly data for Binance‘s KMNO/USDT pair shows a fall from $0.03128 at 02:00 UTC to $0.03027 at 04:00 UTC. A second dip took the pair from $0.03051 at 14:00 UTC to $0.02972 at 19:00 UTC.

Who’s buying and selling

Trading in the token’s main on-chain pool stayed balanced. The Orca KMNO/USDC pool logged 15,967 buys and 15,366 sells in 24 hours, per DexScreener, with about $1.69 million in liquidity.

GeckoTerminal showed nearly the same counts, with 15,969 buys and 15,370 sells. Across all markets, CoinGecko tracked $5.76 million in 24-hour trading volume and a market cap of about $178.3 million.

What to watch next

The first level to watch is the 24-hour low of $0.02966, just below the current price. A return above the day’s high of $0.03136 would erase Friday’s loss.

Solana’s direction matters too, since both tokens have fallen by double digits this week. Any Kamino update on lending markets or token rewards would be the first project news in this window.

Bottom line: Kamino Finance has lost 13% in a week with no project news behind it, moving with a weaker crypto market.

Price data: CoinGecko (cross-checked with Jupiter).