KNC Surges 211.44% in 24 Hours Amid Governance and Liquidity Updates

On SEP 8 2025, KNC surged by 211.44% within 24 hours to reach $0.3769. The 7-day increase stands at 7.97%, while the token has declined by 164.49% over the past month and 2876.32% in the last year.

Recent developments in the KNC ecosystem have contributed to a sharp upward correction in the token’s price. A major catalyst was the announcement of updated governance mechanisms, allowing token holders to vote on key parameters like fee structures and liquidity incentives. These changes aim to enhance decentralization and align long-term incentives across the network. Additionally, the project confirmed a new partnership with a leading DeFi protocol to expand cross-chain liquidity pools, signaling increased utility and exposure for KNC.

Technical indicators have shown positive momentum following the news. The 50-period moving average crossed above the 200-period line, reinforcing a bullish trend. Relative Strength Index (RSI) readings have trended above 50, suggesting growing buyer dominance. However, the sharp 24-hour rally has pushed RSI into overbought territory, which may signal potential consolidation in the near term. Volume levels surged following the announcements, confirming the strength of the price action.

The implementation of these updates has been accompanied by a broader strategic shift toward enhancing capital efficiency and user retention. The updated governance model enables more transparent and democratic decision-making, which is expected to stabilize long-term demand for the token. Moreover, improved liquidity management tools have been introduced to optimize capital allocation within the protocol, reducing impermanent loss risks for liquidity providers.