Massive Reduction in KucoinShares Market Cap? Coin Burn, Error on CMC’s End, or What?
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Massive Reduction in KucoinShares Market Cap? Coin Burn, Error on CMC’s End, or What?
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Massive Reduction in KucoinShares Market Cap? Coin Burn, Error on CMC’s End, or What?
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**Update:**
KuCoins has been constantly following up with CoinMarketCap and Etherscan to update KCS’s circulating supply to 90,730,576 KCS, which is the official KCS supply. Until such time that this will be resolved, you may refer to this KuCoin’s official link: https://kcs-info.kucoin.com/ to get the latest and correct information.
CMC is showing that KCS dropped almost 250 million in market cap in an instant between May 17th and May 18th. Searched around but haven’t found anyone mentioning it so I thought I’d ask here, anybody know why this is and if it’s accurate data?
Its just error on cmc showing much smaller circulating supply..
https://www.reddit.com/r/kucoin/comments/8k79qp/kcs_circulating_supply_dropped_by_7_times_out_of/?ref=share&ref_source=link
For now, users may refer to this KuCoin’s official link: https://kcs-info.kucoin.com/ to get the latest and correct information. Thank you
They said that they were already in contact with CMC. Probably some system glitch on CMC’s side.
Could correlate with the KYC features being implemented.