KeetaS KTA Token Surges Following Coinbase Listing
Keeta’s price has skyrocketed by more than 15% following its listing on Coinbase. The announcement has fueled investor excitement, with both whales and smart money accumulating the token.
On September 5, the KTA price reached $1.09,the highest since late August. The jump has seen the market value soar to over $406 million. Despite this peak, the price remains 42.4% below its record high of $1.68.
- Smart money now holds 8.65 million tokens, up from under 7 million in July.
- Whale investors have accumulated over 76.7 million tokens.
The_listing_on one of the largest crypto exchanges is expected to expose Keeta to millions of new users worldwide.
This marks the second meaningful listing for Keeta, following its addition to Kraken. Previously, most trading took place on smaller platforms like Aerodrome and LBank.
KTA’s price also got a boost from an announcement by its founder, Ty Schenk. He revealed plans to merge early investor and team allocations into a 400 million token strategic reserve, currently worth over $400 million.
Supported by Eric Schmidt, the former CEO of Google, Keeta aims to become the fastest blockchain with a capacity of over 10 million transactions per second. The company plans to launch its mainnet this month, which is expected to drive prices further.
In terms of technical analysis, the eight-hour chart suggests that the uptrend could persist as long as the coin stays above the ascending trendline.
