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Why Did a $330 Million Gold Token Suddenly Jump 110% on CoinGecko?

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Kinesis Gold (KAU), a token backed by physical gold, appeared to surge more than 110% on CoinGecko on Monday. The move looked dramatic. KAU briefly showed a 24-hour low near $66 before returning to around $140. Yet gold itself had not moved…

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Why Did a $330 Million Gold Token Suddenly Jump 110% on CoinGecko?
BeInCrypto 3h ago

Why Did a $330 Million Gold Token Suddenly Jump 110% on CoinGecko?

Kinesis Gold (KAU), a token backed by physical gold, appeared to surge more than 110% on CoinGecko on Monday. The move looked dramatic. KAU briefly showed a 24-hour low near $66 before returning to around $140. Yet gold itself had not moved…