- KuCoin’s native token KCS surged 15%, hitting a multi-month high and ranking among the top market gainers.
- At press time, KCS remains up 9% on the day and has gained over 51% year-to-date.
- Notably, the price surge coincided with an announcement from the KuCoin CEO earlier today.
The KuCoin exchange’s native cryptocurrency, KCS, is standing out as one of the best-performing crypto assets today, posting an impressive 15% price surge. The coin touched a multi-month high of $12.38 earlier today. Considering KCS traded at a low of $10.17 just this past Friday, it is now up by 21.7%.
Interestingly, KuCoin is seeing this notable price surge even as leading altcoins like XRP, Solana, and Dogecoin undergo a correction. For instance, XRP is down by 5% in the last 24 hours, while Dogecoin and Solana are both down by about 2%.
Meanwhile, KCS remains up by 9% at press time, trading at $11.99. Over the past year, the coin has risen by 51% at its current price.
KuCoin Token Among Top Gainers
BC Wong, CEO of the KuCoin exchange, highlighted the platform’s token performance in a tweet today, noting it had surged 15.43% over the last 24 hours. Wong added that this stellar performance placed KCS among the top five crypto assets with the best performance in the top 100 over the past day.
As of press time, KCS ranks as the second-biggest gainer over the past 24 hours, according to CoinMarketCap data. The only token ahead of it is Raydium (RAY), which is up 10% with a trading volume of $323 million.
What’s Fueling KCS’s Price Surge?
Notably, the price surge coincided with an announcement from the KuCoin CEO earlier today. Wong revealed that KuCoin Mining is back, stronger than ever, with a renewed focus on decentralization and empowering users to take control. “Get ready to level up your mining game,” he added.
The KuCoin team is also in the process of renaming its mining product and is currently seeking suggestions from the crypto community. Two of the proposed names include KuHash and KuMining. As of press time, KuMining leads the poll with over 58% of the votes.
Meanwhile, the exchange is in the midst of its eighth-anniversary celebrations. These ongoing events may also be contributing to the increased spotlight on KCS.
Massive Token Burn
Another factor supporting KCS’s recent price surge is a major token burn recently conducted by the KuCoin team. Two weeks ago, KuCoin announced the completion of its 61st KCS burn for July 2025, further boosting investor confidence.
Specifically, a total of 45,288 KCS, worth over $500,000, was burned. This action reduced the circulating supply to 142,421,933 KCS, giving the token a total valuation of approximately $1.7 billion.
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