Kaia (KAIA): New Crypto Token Surges 11% After Klaytn and Finschia Merger

Kaia (KAIA) is a newly launched crypto token that has captured attention today after experiencing a rise of more than 11%.

Kaia (KAIA) price experienced a surge of more than 11% on Monday, making it one of the top gainers in the cryptocurrency market.

The gain comes after the merger of two blockchain firms, Klaytn and Finschia, to create the Kaia coin.

Kaia coin price soared to $0.1362 at the time of writing, according to CoinMarketCap, and had risen by 11.26% over the last 24 hours. The coin had reached an all-time high of $0.1572 roughly 15 hours ago but has since decreased by about 12.79%.

The coin also rose by 20.34% from its all-time low of $0.1139, which was recorded on October 29.

The KAIA coin experienced a surge in trading volume, which may have contributed to its price increase. Data showed that the 24-hour trading volume for KAIA had soared by over 4123.06% to cross $130 million.

While this is still modest compared to the trading volumes of larger altcoins, it marks a significant milestone for a newly launched cryptocurrency.

The rebranding also attracted attention from prominent crypto brands, such as Binance and Crypto.com, which further amplified user interest in the newly branded token.

The Binance cryptocurrency exchange announced on October 31, 2024, that it had completed the rebranding process from its former Klaytn (KLAY) tokens to Kaia ($KAIA).

Moreover, Crypto.com reported that the Kaia token was now available on its exchange platform and mobile application. This allowed users to purchase the KAIA cryptocurrency using USD, EUR, and more than 20 other fiat currencies.

Kaia ($KAIA) is now listed in the https://t.co/A7lhUEyoao Exchange!

💰Trade easily with USD, deposit and withdraw seamlessly via Kaia

Sign up to the Exchange 👉 https://t.co/GBTPzwV3F0 pic.twitter.com/kDtagTLH4K

— Crypto.com Exchange (@Cryptocom_Exch) October 30, 2024

Several crypto projects have recently undertaken interesting developments, including mergers and rebranding initiatives, in an effort to strengthen their market presence and potentially adapt to changing trends.

One notable example is the Artificial Superintelligence Alliance (FET), which is set to integrate a token merger between Fetch.ai, SingularityNet, and Ocean Protocol.

Read more: AI Coins Price: Death Cross Nears as the ASI Merger Starts