Kamino Finance token holds a 5.5% gain into Monday

Kamino Finance token holds a 5.5% gain into Monday ahead of an unlock

Kamino Finance ($KMNO) traded at $0.0428 as of 8:48 a.m. ET, up 5.5% in 24 hours after a Sunday afternoon push held overnight.

The quick take

Price: $KMNO at $0.0428, +5.5% ↑ in 24 hours and +9.2% ↑ over 7 days (CoinGecko, 12:48 UTC).
Trigger: a Sunday afternoon climb held through the night; the cause is not confirmed.
Watch: a token unlock that BeInCrypto lists for Friday, Oct. 30.

What happened

The Kamino Finance token holds most of its Sunday gain into Monday. Kamino Finance ($KMNO) traded at $0.0428 at 12:48 UTC (8:48 a.m. ET), up 5.5% in 24 hours, according to CoinGecko. What is new since Sunday: the move did not fade overnight.

The price checks out across feeds. Jupiter showed $0.04276 at the same time, a gap of 0.02% from CoinGecko. Over seven days $KMNO is up 9.2%, but it still sits 8.4% below its level of 30 days ago.

Why it moved

Most of the climb came on Sunday afternoon. On Binance’s KMNO/USDT pair, the hourly close rose from $0.0402 at 14:00 UTC to $0.0435 at 18:00 UTC on Oct. 25. It eased to $0.0415 by 03:00 UTC on Monday, then rose back to $0.0429 by 12:00 UTC.

We found no Kamino announcement in the past day that explains the move, so the cause is not confirmed. Kamino Lend, the project’s lending market, held $1.27 billion in total value locked, down 3.4% over seven days, per DefiLlama.

Who’s buying and selling

Trading stayed close to even. In the largest $KMNO pool, the KMNO/USDC pair on Orca, DexScreener counted 25,532 buys and 24,620 sells over 24 hours. GeckoTerminal showed a similar split, with 25,473 buys and 24,576 sells.

That pool held about $2.1 million in liquidity. CoinGecko put the token’s 24-hour trading volume at $13.5 million and its market value at $250 million. Over the past day, $KMNO ranged from $0.0399 to $0.0439.

What to watch next

BeInCrypto lists an unlock of 229.17 million $KMNO for Oct. 30, based on Tokenomist data. By its count, that equals 2.73% of the tokens already released, or about $9.69 million. The outlet adds that Tokenomist still marks this unlock as pending verification, so the figures are estimates.

Traders may also watch the $0.0399 daily low. The token remains 83% below its record high of $0.2478, set on Dec. 15, 2024, per CoinGecko.

Bottom line: $KMNO kept its Sunday gain through the night, and a projected Oct. 30 unlock is the next dated event.