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Kinetiq’s KNTQ Token Sets $0.4547 Record Ahead of Elysium Launch

KNTQ gained 47.7% over 14 days through Oct. 28. Elysium’s mainnet is scheduled to launch Nov. 9.

An unmarked metal token stands atop a stepped black-stone plinth / TokenPost.ai
An unmarked metal token stands atop a stepped black-stone plinth / TokenPost.ai

Kinetiq’s KNTQ token reached $0.4547 on Oct. 28, setting an all-time high as Elysium nears its scheduled mainnet launch on Nov. 9.

KNTQ gained 47.7% over the 14 days through Oct. 28. Elysium is a layer-2 network Kinetiq is developing for the Hyperliquid ecosystem. The Nov. 9 mainnet schedule is the network’s next milestone.

Kinetiq announced Elysium on Aug. 24. Its testnet went live Sept. 22, and the Nov. 9 launch date was set Oct. 19. Kinetiq’s actual role, if any, in sequencing, staking and fee distribution remains to be seen after launch.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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