Bitcoin
Bitcoin (BTC)
$67,480.00 0.7904
Bitcoin price
Ethereum
Ethereum (ETH)
$3,495.57 -0.155
Ethereum price
BNB
BNB (BNB)
$596.62 0.33815
BNB price
Solana
Solana (SOL)
$179.74 4.01158
Solana price
XRP
XRP (XRP)
$0.6043860 2.32073
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000178 -0.56979
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 -0.34967
Pepe price
Bonk
Bonk (BONK)
$0.0000313 0.85698
Bonk price
Bitcoin
Bitcoin (BTC)
$67,480.00 0.7904
Bitcoin price
Ethereum
Ethereum (ETH)
$3,495.57 -0.155
Ethereum price
BNB
BNB (BNB)
$596.62 0.33815
BNB price
Solana
Solana (SOL)
$179.74 4.01158
Solana price
XRP
XRP (XRP)
$0.6043860 2.32073
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000178 -0.56979
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 -0.34967
Pepe price
Bonk
Bonk (BONK)
$0.0000313 0.85698
Bonk price
Bitcoin
Bitcoin (BTC)
$67,480.00 0.7904
Bitcoin price
Ethereum
Ethereum (ETH)
$3,495.57 -0.155
Ethereum price
BNB
BNB (BNB)
$596.62 0.33815
BNB price
Solana
Solana (SOL)
$179.74 4.01158
Solana price
XRP
XRP (XRP)
$0.6043860 2.32073
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000178 -0.56979
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 -0.34967
Pepe price
Bonk
Bonk (BONK)
$0.0000313 0.85698
Bonk price
Bitcoin
Bitcoin (BTC)
$67,480.00 0.7904
Bitcoin price
Ethereum
Ethereum (ETH)
$3,495.57 -0.155
Ethereum price
BNB
BNB (BNB)
$596.62 0.33815
BNB price
Solana
Solana (SOL)
$179.74 4.01158
Solana price
XRP
XRP (XRP)
$0.6043860 2.32073
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000178 -0.56979
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 -0.34967
Pepe price
Bonk
Bonk (BONK)
$0.0000313 0.85698
Bonk price

Wrapped KAVA down by 90% despite KAVA’s bull run

wrapped-kava-down-by-90-despite-kavas-bull-run
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Wrapped KAVA down by 90% despite KAVA’s bull run

Wrapped Kava (WKAVA) plunged by over 90% over the past 24 hours, while the protocol’s native token, Kava (KAVA), registered slight gains in the mentioned period.

WKAVA, which is meant to be pegged to KAVA, has witnessed many ups and downs since July 13. The asset hit an all-time high (ATH) of $12.18 on July 29, while Kava was trading at $0.87.

Moreover, WKAVA was trading at around $11 on Aug. 2 and slowly dropped to $8.7 on Aug. 8. The asset took a 90% plunge over the past 24 hours and is trading at $0.82 at the time of writing.

Data provided by InvestorsObserver shows that WKAVA belongs to the “high-risk” category due to its heightened volatility.

On the other hand, KAVA rose by almost 1% in the past 24 hours and is trading at $0.83 at the time of writing. The rise comes from a 5.8% hike in KAVA’s 24-hour trading volume, reaching $9.3 million.

KAVA price - Aug. 9 | Source: Trading View
KAVA price – Aug. 9 | Source: Trading View

Last month, the leading stablecoin, Tether (USDT), successfully launched on the Cosmos ecosystem with the help of Kava — utilizing USDT’s liquidity to be easily accessible on Inter-Blockchain Communication (IBC) and Ethereum Virtual Machine (EVM).