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COINOTAG News notes that the KITE token began trading on Binance with an opening price near $0.11, setting the stage for the asset’s initial price discovery on the platform.
Since the debut, the price has retraced to around $0.095, reflecting a modest pullback in early market activity. The coin’s market capitalization stands at approximately $167 million, while its fully diluted valuation (FDV) sits at about $929 million, underscoring a notable difference between circulating supply and total supply.
Traders should monitor liquidity depth and order-flow dynamics as the token transitions from listing-driven volatility to a baseline trade environment. With visible capitalization metrics, investors can assess the asset’s risk-adjusted upside while remaining mindful of retail-driven swings in a nascent exchange listing.
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