Kinetiq's governance token KNTQ experiences a sudden surge of over 25%, pushing its market capitalization above $260 million.

BlockBeats News, August 24th, according to GMGN data, after the launch of the new Hyperliquid L2 network Elysium by the liquidity staking protocol Kinetiq, its governance token KNTQ surged over 25% in the short term, with a market cap exceeding $260 million and a 24-hour increase of 45.8%.

BlockBeats reminds users that token prices are highly volatile, and investment should be approached with caution.