Base Protocol's native token Kitten (KTA) surged 22% within a day, bringing its market capitalization back to $200 million.

On May 26, GMGN (via its Telegram bot monitoring at https://t.me/gmgnaibot?start=i_m4TE56o8) reported that KTA—the native token of Base ecosystem project Keeta Network—saw a 22% surge on the day. This rally pushed KTA’s market capitalization back to the $200 million mark. As of press time, KTA is trading at $0.206, with a 24-hour trading volume climbing to $3.4 million and a weekly cumulative gain of roughly 50%. KTA functions as the native asset of Keeta Network, a Layer 1 blockchain designed to bridge traditional finance (TradFi) and decentralized finance (DeFi). Today’s price jump was primarily driven by the project’s announcement of Keeta Personal, a new one-stop trading product. The token has been listed for 446 days, hitting an all-time high (ATH) of $1.6 last June. Following that peak, KTA’s price experienced a sharp flash crash amid widespread FUD (fear, uncertainty, doubt) over allegations of project fraud. On-chain sleuth ZachXBT amplified these concerns, noting the project was hyped by unidentifiable KOLs and showed strong signs of whale control. To date, KTA has retraced approximately 87.5% from its ATH. BlockBeats reminds users that on-chain transactions are highly volatile, often driven by market sentiment and speculative concepts. Investors should approach with significant caution given the inherent risks involved.