Kinetiq's KNTQ fell 25% in a day and now trades at half its October 30 record
The token of Hyperliquid staking project Kinetiq slid from about $0.40 to $0.30 in two sharp drops on Tuesday, November 10, while HYPE and bitcoin moved less than 3%. More than half of the trading ran through Hyperliquid's own spot market, CoinGecko data shows.
Key points
- CoinGecko shows KNTQ at about $0.298 at 10:02 p.m. ET on November 10, 2026, down 25.5% in 24 hours and 39.5% in seven days. It is on CoinGecko's trending list.
- The fall came in two legs: about 14% between 10 a.m. and 1 p.m. ET, and about 15% between 7 p.m. and 9:45 p.m. ET, when it hit a low near $0.291.
- KNTQ is 50% below its $0.596 record from October 30. HYPE fell 2.6% and bitcoin 1.4% over the same 24 hours, so the drop was specific to KNTQ.
What moved
KNTQ is the token of Kinetiq, the team behind kHYPE liquid staking on Hyperliquid, according to its CoinGecko listing. It traded near $0.40 at 10 p.m. ET on Monday, November 9, and stayed flat overnight. Then it fell in two steps.
Between 10 a.m. and 1 p.m. ET on Tuesday, the price slid from about $0.382 to $0.330, roughly 14%. It steadied near $0.34 through the afternoon. After 7 p.m. ET it dropped again, from about $0.344 to a low near $0.291 at 9:45 p.m. ET, about 15%. At 10:02 p.m. ET it stood at $0.298.
The wider market was calm. CoinGecko shows HYPE, Hyperliquid's own token, down 2.6% and bitcoin down 1.4% over the same 24 hours.
KNTQ price on CoinGecko, November 9 to 10, 2026 (ET)
US$
Source: CoinGecko five-minute data, read November 10, 2026, 10:10 p.m. ET.
Where it traded
CoinGecko lists 26 KNTQ markets with about $8.2 million of trading in 24 hours. Hyperliquid's KNTQ/USDC spot market carried $4.5 million, or 55%. Pools on Nest and Project X added about $1.7 million, and pools on Base (Uniswap and Aerodrome) about $0.9 million.
Centralized exchanges played a small part. LBank, Kraken and MEXC together handled about $1.1 million, or 13%. This is a breakdown of trading venues, not a study of who sold.
Supply and value
CoinGecko counts about 324 million KNTQ in circulation out of a total supply of 1 billion, so about a third of all tokens trade today. The market value is now about $96.6 million, down from about $170.7 million at midnight ET on November 1.
KNTQ set its record of $0.596 on October 30, 2026. It has given back half of that in 11 days. Daily volume of $7.6 million on CoinGecko's main figure is about 8% of the market value.
What we could not check
Our system could not open Kinetiq's website or Hyperliquid's data feed for this story, so we cannot say who sold, whether tokens were unlocked, or whether the team commented. We do not know why the selling started. We will update this story if Kinetiq publishes a statement.
LC Insight analysis
This section is our reading of the facts above, not a statement of fact.
- We think the two sharp legs, with HYPE and bitcoin nearly flat, point to selling in KNTQ itself rather than a market-wide move. The data does not show who sold. This is not investment advice.
- With 55% of trading on one Hyperliquid spot market, a few large orders there can move the price a lot.
- Only about a third of the 1 billion supply is in circulation. Readers should watch Kinetiq's official channels for any unlock schedule, since we could not confirm one.
What's next
- Whether KNTQ holds the $0.291 low from 9:45 p.m. ET on November 10
- Volume on Hyperliquid's KNTQ/USDC market
- Any statement from Kinetiq on X (@kinetiq_xyz)
Disclaimer. This article is based on public information and the sources listed below as of the update time shown. It is for information only and is not investment, legal or tax advice. Figures may change as companies and authorities publish new data.
Sources
- CoinGecko, Kinetiq (KNTQ) price page (read November 10, 2026, 10:10 p.m. ET)
- CoinGecko API, KNTQ market data: price, supply, all-time high (read November 10, 2026, 10:03 p.m. ET)
- CoinGecko API, KNTQ five-minute and hourly market chart (read November 10, 2026, 10:10 p.m. ET)
- CoinGecko API, KNTQ markets and 24-hour volume by venue (read November 10, 2026, 10:05 p.m. ET)
- CoinGecko API, HYPE and BTC 24-hour change (read November 10, 2026, 10:08 p.m. ET)
