Kinto Token Plummets 90%: Rugpull Allegations Rock Crypto Community

Another day, another crypto collapse—Kinto Token's value nosedives as investors cry foul.

Holders left holding bags after 90% wipeout

The project's Telegram went dark right as the price tanked—classic exit strategy or just 'market conditions'? (We know which one we're betting on.)

Welcome to decentralized finance, where the only thing more volatile than the charts are developers' moral compasses.

This dramatic drop in Kinto price is likely triggered by an unresolved operational incident and severe liquidity risks, which the team reported earlier. The team indicating a delayed response exacerbated the crisis. Moreover, the token’s liquidity was critically thin with a turnover ratio of 1.33 highlighting fragile order books vulnerable to manipulation and rapid sell-offs. 

Kinto community. We are looking into the situation ourselves and with third parties (Hypernative, Seal 911) – as soon as we have a clear picture of what has happened we will make an announcement.

The decline has raised concerns among investors, with many pointing to inadequate risk management and transparency, further eroding trust in the project’s operational stability.

Investors on X Alleges Team for a Rugpull

The crash, detailed in a viral X post by crypto analyst HumzyTrades, reveals that the project recently unlocked 2.25 million Kinto (K) tokens. These were allegedly dumped by insiders as markets turned green. 

$Kinto rugged
But no one is suprised lol

Here is what I found
About 2.25M worth of K tokens were unlocked 30th June
That’s about $15m❌❌

It was an allo for Early “Investors”
Guess they waited for the markets to turn green & they dumped!

And crazy part of this whole mess is… https://t.co/Mn4oewxdl3 pic.twitter.com/p6NxP8BUV2

The analyst points towards the project’s ‘cocky leadership’ and a concentrated 10% allocation to the team and advisors as red flags. 

Also read: PumpFun to Launch PUMP Token Via an ICO, Airdrop to Launch Soon