KGST Listing Sparks Excitement: Turnover Exceeded Capitalization by Four Times

Арестова Татьяна Economy
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The listing of the KGST stablecoin on the Binance exchange has led to a sharp increase in trading activity. According to the latest market data, the daily trading volume of the KGST token reached $4.29 million, while its market capitalization stands at around $1 million. This means that the ratio of trading volume to capitalization exceeds 429 percent.

Currently, there are 87.6 million KGST tokens in circulation out of a total supply of nearly 446 million. The fully diluted market capitalization is estimated at $5.09 million. In the global cryptocurrency ranking, KGST holds the 2053rd position among more than nine thousand projects.

Analysts believe that such high turnover is typical for the initial trading phase after listing and may indicate significant interest from traders, as well as activity from speculators. At the same time, a large portion of the trading is concentrated on one platform, which indicates high liquidity.

Experts emphasize that to ensure the long-term stability of the token, important factors will include the growth of real use of KGST, increased liquidity, and transparency of future token issuance.
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