Home » KuCoin Has A Surprise to Thousands of Unaware Aave’s LEND Holders
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KuCoin Has A Surprise to Thousands of Unaware Aave’s LEND Holders

Supply: Adobe/tostphoto

After first delisting DeFi platform Aave’s LEND tokens again in December 2018 attributable to “low liquidity,” crypto trade KuCoin has now re-listed the asset after the worth elevated greater than 6,000%. Nevertheless, 1000’s of holders should not even conscious that they now maintain the tokens.

The information concerning the seemingly forgotten LEND tokens was first shared on Twitter earlier this month by Johnny Lyu, Co-founder and CEO of KuCoin, who stated that greater than 10,000 folks should have LEND tokens on the trade with out even figuring out about it.

LEND worth chart:

KuCoin Has A Surprise to Thousands of Unaware Aave’s LEND Holders 102
Supply: coinpaprika.com

And in an emailed remark to Cryptonews.com, the corporate, which claims it was “one of many largest markets for LEND” earlier than the token acquired delisted, stated that near 12 million LEND tokens (price about USD 7.Eight million) are nonetheless held on the trade.

“After the re-list, we observed that about 10ok LEND holders haven’t logged in for the final 30 days, and really seemingly they aren’t conscious that they’ve some digital belongings on KuCoin,” the corporate stated, including that they’ve tried to inform customers through each Twitter and e mail, whereas “till now, about 20% [of] holders logged [in] once more.”

Nevertheless, KuCoin additionally defined that though most customers stay unaware that they maintain any LEND tokens on the platform, 75% of people who have logged in once more selected to carry on to their newly re-discovered tokens.

In the meantime, the trade additionally stated that 20% of customers who logged in selected to promote all or a part of their tokens, whereas 5% elevated their LEND holdings.

At pixel time (14:38 UTC), LEND, ranked 28th by market capitalization, trades at round USD 0.64 and is down by 8% in a day, trimming its weekly beneficial properties to 16%. The value is up by 26% in per week and by a whopping 15,479% in a yr.

High LEND markets up to now 24 hours:

KuCoin Has A Surprise to Thousands of Unaware Aave’s LEND Holders 103
Supply: coingecko.com

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Be taught extra: What is that this KuCoin Alternate US Binance Customers are Migrating to?


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