KITE Tumbles 14% in Binance Flash Crash Ahead of Its Listing on Binance Launchpool

COINOTAG News reported on October 31 that the KITE token endured a sharp, intraday flash crash of over 14% on Binance as the market opened, signaling elevated early-session volatility. After Binance Launchpool announced an upcoming KITE listing, the pre-market price surged to a high near $0.18769 before retreating to about $0.15490, illustrating rapid price discovery around a catalyst event.

This sequence highlights the sensitivity of micro-cap crypto assets to listing catalysts and liquidity dynamics on major exchanges. Traders should consider the transient moves during pre-market periods and monitor order book depth, trade flow, and implied volatility to assess potential continuation or retracement after a listing announcement.