Kinetiq just completed it's single largest day of buybacks of $KNTQ directly on HyperCore since this was enacted a bit over ~2 months ago.
>12% of cumulative purchasing just occurred in a single day, which now equates to just over $365k (+ $120k of $KNTQ burnt from HyperCore trading fees)
This may not look like much, especially in light of $HYPE which has set a new standard for value accrual industry-wide, however..
The
@Kinetiq_xyz protocol is purchasing a larger share of all circulating $KNTQ than $HYPE:
$KNTQ: .0156% of circ daily (+80% higher than HYPE)
$HYPE: .0086 of circ daily
This is not only unique to the Hyperliquid ecosystem, or the entire liquid staking landscape.. but to that of the HIP-3 and builder codes as well.
See for yourself in real time: