Kava token plunges nearly 50% after bridged tokens are dumped on BSC
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Kava’s native token fell nearly 50% after bridged tokens were dumped on BNB Smart Chain, rattling holders of the cross-chain DeFi asset. The selloff centered on Kava’s bridged-token route into BSC, where heavy token sales drained liquidity and amplified the price decline. The episode underscores how cross-chain bridges can transmit stress between ecosystems and leave wrapped assets exposed to sudden supply shocks. Traders are now watching whether Kava stabilizes its bridge liquidity and restores confidence in the peg between native and bridged tokens.
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Named in this story
Kava (KAVA), Binance Smart Chain
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