Kakao coin 'KLAY' plunged 80% in a year
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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stockmk2020@alphabiz.co.kr | 2023-04-04 07:16:22
[Alpha Biz=(Chicago) Reporter Paul Lee] KLAY Coin, one of the major businesses that Kakao has carried out through its subsidiary Krust, has been suffering from a management crisis, with prices plunging more than 80 percent over the past year.
According to CoinMarketCap, a market site specializing in virtual assets, KLAY is trading at $ 0.21 (276 won) as of 2 p.m. the previous day. This is about 5.21% lower than a week ago (0.227 dollars).
In fact, KLAY prices have been trading at around 0.2 dollars since June last year. Compared to clay prices exceeding $ 1.15 a year ago, it fell more than 80%. In particular, compared to Clay's highest price ($ 4.2) in March 2021, the fall further widens to 95%.
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