KNTQ surged over 30% before pulling back, currently trading at $0.2397

Odaily News: Following Kinetiq's announcement of Elysium, the Hyperliquid L2 network, KNTQ surged over 30% before giving back some gains and is now trading at $0.2397. KNTQ's current market cap is approximately $66.03 million, with a 24-hour trading volume of about $6.02 million. Previously, Kinetiq stated that 50% of Elysium's sequencer fees will be used to buy back KNTQ from the open market, and all purchased tokens will be burned.