Kamino Finance token gains 5.7% in a Friday afternoon climb

Kamino Finance token gains 5.7% in a steady Friday afternoon climb

Kamino Finance ($KMNO) rose 5.7% in 24 hours to $0.0416 as of 1:41 p.m. ET on Friday, with most of the gain coming after 9 a.m. ET.

The quick take

Price: $0.0416, up 5.7% in 24 hours (CoinGecko, 1:41 p.m. ET).
Trigger: A steady afternoon climb, with buys ahead of sells in the token’s largest pool.
Watch: Whether $KMNO holds at the top of its 24-hour range of $0.0379 to $0.0413.

Kamino Finance ($KMNO) is up 5.7% over the past 24 hours, trading at $0.0416 as of 1:41 p.m. ET on Friday, Oct. 23, according to CoinGecko. The Kamino Finance token gains came mostly in the afternoon, after a quiet night. Jupiter’s price feed showed $0.0415, within 0.2% of CoinGecko.

What happened

The token touched a 24-hour low of $0.0379 overnight, per CoinGecko. On Binance’s KMNO/USDT pair, it was near $0.0389 around 9 a.m. ET and reached $0.0416 by 1:41 p.m. ET, a 6.7% climb.

That puts the price at the top of its 24-hour range, which CoinGecko lists as $0.0379 to $0.0413. Over seven days, $KMNO is up 7.7%, and over 30 days it is up 16%, per CoinGecko.

Even after the climb, the token sits about 83% below its record high of $0.248, set on Dec. 15, 2024. Its market value stands near $242 million, with $11.2 million traded across markets in 24 hours, per CoinGecko.

Why it moved

We found no announcement from Kamino Finance in the past day that explains the move, so the cause is not confirmed. The wider market was calm. Solana ($SOL) rose 0.6% in 24 hours per CoinGecko, while Bitcoin ($BTC) gained 0.5% and Ether ($ETH) 1.1%, per LiveCoinWatch.

That leaves $KMNO ahead of the largest coins by several points on the day. The gain looks like steady buying rather than one sharp jump.

Who’s buying and selling

In the token’s largest pool, KMNO/USDC on Orca, buys outnumbered sells over 24 hours: 20,448 buys against 18,940 sells, per DexScreener. GeckoTerminal showed a similar split, 20,236 to 18,720.

The pool holds about $2 million in liquidity and traded $4.6 million in the same window. Kamino’s lending market, Kamino Lend, held $1.29 billion in total value locked, per DefiLlama.

What to watch next

The first test is whether $KMNO stays near $0.0413, the top of its earlier 24-hour range. A slide back toward the overnight low of $0.0379 would undo most of the day’s gain. A statement from Kamino Finance would help explain the move.

Bottom line: Kamino Finance’s token climbed 5.7% on a calm market day, led by afternoon buying, with no announced cause so far.

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