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Kinetiq TGE Sees Institutional Accumulation Amidst Market Hype
11/27/2025, 13:36
AI SUMMARY
●Kinetiq TGE attracts strong bidding despite lack of announced utility
●Flowdesk accumulates 6.42M KNTQ ($1.1M) shortly after launch
●Institutional accumulation reportedly conducted on behalf of clients
The Token Generation Event (TGE) for Kinetiq ($KNTQ) has drawn significant market attention, with traders noting high demand despite a lack of announced utility.
On-chain data reveals that market maker Flowdesk has accumulated approximately 6.42 million KNTQ, worth around $1.1 million, shortly after the launch. This accumulation is reportedly being conducted on behalf of clients.