KERNEL (KernelDAO) 24-hour pump 21.41%

Gate News Bot news, on August 5th, according to CoinMarketCap, as of the time of writing, KERNEL (KernelDAO) is currently priced at $0.23, with a pump of 21.41% in the last 24 hours, reaching a high of $0.24 and a low of $0.18. The volume in the last 24 hours has reached $126 million. The current market capitalization is approximately $48.6 million, an increase of $8.57 million compared to yesterday.

KernelDAO is a leading re-staking protocol with three key products: Kernel (re-staking on the BNB chain), Kelp liquid re-staking (rsETH), and Gain (automated reward farming). The protocol allows users to earn rewards across multiple chains including Ethereum, BTC, and BNB, with no minimum amount required. KERNEL is a single governance token across the three products, featuring multiple utilities including governance, shared security, and reduced insurance. KernelDAO is supported by leading Web3 funds and aims to establish the largest re-staking ecosystem.

Important news about KERNEL recently:

1️⃣ KERNEL becomes a new asset on the lending platform On August 1st, KERNEL was added as a lendable and collateral asset on the lending platform. This move will significantly enhance the liquidity and use cases of KERNEL, providing holders with more financial tool options, and is expected to attract more users to participate in the KernelDAO ecosystem.

2️⃣ KERNEL price continues to rise KERNEL has performed strongly recently, rising 13.05% within 24 hours on July 31, followed by another rise of 21.41% on August 5. This continued rise trend reflects the market's positive expectations for the KernelDAO project, possibly related to its recent platform expansion and feature upgrades.

3️⃣ KernelDAO ecosystem expansion KernelDAO currently has over 25 protocols, of which more than 20 are middleware, and over 5 are liquid heavy-staking protocols. This diversified ecosystem not only enhances KernelDAO's market competitiveness but also provides a wider range of application scenarios for the KERNEL token, promoting its value rise.

From a technical perspective, KERNEL has recently shown a clear upward trend, with two consecutive days of double-digit daily rises, indicating strong buying momentum. However, investors should remain vigilant against potential short-term pullback risks, especially after the pressure of profit-taking following a rapid rise.

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