Kaia Token surges to New Heights, Gains 123% This Year
On June 20, Kaia’s price soared, hitting it’s highest point since January 26. The token (KAIA) climbed 18%, reaching $0.20. This extraordinary rally brought its market cap to over $1.2 billion. The 24-hour trading volume surged 40% to $136 million, and futures open interest hit a record $63 million.
Kaia has been making waves after integrating Tether (USDT) on its blockchain. Developers also plan to support a South Korean won stablecoin. The price spike was fueled by the launch of phase 2 of the $100,000 Kaia and Kaito Yapper Rewards. This program rewards users for creating engaging social media content about Kaia.
Unlike the first phase, the second phase will reward more participants.Kaia’s price also jumped after joining the japan blockchain Association,signaling its commitment to the Japanese market.
Third-party data shows Kaia’s network is expanding. The total value locked rose 47% in the last 30 days to $121 million. its stablecoin supply surpassed $41 million, beating Cardano (ADA).
Technically, Kaia’s price chart shows a strong upward trend. After consolidating at $0.0950 in March, it broke above key resistance levels. Bulls now target the 50% Fibonacci retracement at $0.2587. A drop below $0.15 would challenge this bullish outlook.
For more updates, follow Kaia Chain on Twitter.
