Bearish
Why Did a $330 Million Gold Token Suddenly Jump 110% on CoinGecko?
In Brief Kinesis Gold appeared to jump 110% on CoinGecko, even though gold itself barely moved. The move likely came from incorrect C1USD pricing, which briefly valued the KAU/C1USD pair far below its normal level. A sudden spike in KAU/C1USD trading volume raises further questions about how CoinGecko calculated the token’s price. 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...