Kinetiq’s KNTQ Token Sets $0.4547 Record Ahead of Elysium Launch

Kinetiq’s KNTQ token reached $0.4547 on Oct. 28, setting an all-time high as Elysium nears its scheduled mainnet launch on Nov. 9. KNTQ gained 47.7% over the 14 days through Oct. 28. Elysium is a layer-2 network Kinetiq is developing for the Hyperliquid ecosystem. The Nov. 9 mainnet schedule is the network’s next milestone. Kinetiq announced Elysium on Aug. 24. Its testnet went live Sept. 22, and the Nov. 9 launch date was set Oct. 19. Kinetiq’s actual role, if any, in sequencing, staking and fee distribution remains to be seen after launch.