KUJI (Kujira) 24-hour big pump 621.66%

Gate News Bot news, on July 18, according to CoinMarketCap, as of the time of writing, KUJI (Kujira) is currently priced at $1.91, having risen 621.66% in the last 24 hours, reaching a high of $52.91 and a low of $0.25. The current market capitalization is approximately $234 million, an increase of $201 million compared to yesterday. Currently, KUJI ranks 220th in the global Crypto Assets market capitalization.

Important news about KUJI recently:

1️⃣ Kujira Foundation's leveraged position faces liquidation The tokens of the Kujira Foundation are affected by their own leveraged positions, leading to the failure of investment strategies. This event triggered severe fluctuations in the price of the KUJI token, significantly impacting market confidence.

2️⃣ KUJI token price plummets, team positions liquidated The KUJI token has experienced a significant price drop, leading to the liquidation of the project team's trading positions. This event reflects that the project may be facing a liquidity crisis, raising concerns among investors about the future development of KUJI.

3️⃣ Kujira is seeking a rescue plan In the face of the current market difficulties, the Kujira project team is actively negotiating with potential investors in an attempt to obtain rescue funds. This move demonstrates that the project team is working hard to stabilize the situation, but it also exposes the financial pressure the project is currently facing.

From a technical perspective, the price of KUJI has rebounded after a significant drop, but it still exhibits high volatility. On the fundamental side, the project's financial condition and governance structure face challenges, which may affect its long-term development prospects.

This message is not intended as investment advice; investors should be aware of market volatility risks.