The KERNEL maximum supply has 1 billion tokens, with 162 million circulating at launch. As for distribution, 55% are for community rewards, 20% went to the team, 20% to a private sale, and 5% to the ecosystem fund.
KERNEL will reach its full supply after 80 months through various unlocks, including multiple airdrops, cliff unlocks, and gradual vesting schedules.
Despite launching its token just now, the protocol already has a Total Value Locked (TVL) of $1.6 billion, indicating interest in its retaking mechanisms.
With its market cap of only $50 million, the TVL is over 32 times as big, a sign of undervaluation.
KERNEL Price Falls After Launch
The KERNEL price fell sharply after its launch, reaching a low of $0.257.
However, it has regained its footing since then, creating successive higher lows (green icons).
The price movement creates a symmetrical triangle. The wave count is in black, suggesting there is another test of the triangle left.
However, it is worth noting that there is insufficient price history to confidently predict where the KERNEL price will head next.
Successful Launch
KERNEL launched without any notable issues or complaints from the community.
The growing TVL is a positive sign of future growth, noting interest in the restaking protocol.
The future trend is still undetermined because there is insufficient price history. The short-term trend depends on the resolution of the symmetrical triangle.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
