Kamino Protocol (KMNO) surged 24% in the past day, bringing its market capitalization to $189 million. Retail investors drove much of the gain through increased capital inflows, while whales also maintained interest. The Whale Retail Delta — which tracks flows between these groups — fell from 0.66 to 0.17 but remained positive, confirming significant retail participation with whales still present. Short traders faced $229,690 in liquidations versus $66,140 for longs, a ratio of 3.47 to 1. Perpetual trading volume jumped 544% to $70.81 million, with total spot and perpetual volume near $95 million. Market sentiment stood at 4.39 on a scale of -10 to 10, indicating bullish bias.
Kamino Protocol (KMNO) was among the top market gainers over the past day, with its token price rising 24%. The asset’s market capitalization now stands at $189 million.
Retail investors have driven much of this price movement through increased capital inflows. Whales, however, have also maintained their interest in KMNO.
The Whale Retail Delta, which tracks capital flow between these two groups, fell from a high of 0.66 to 0.17. The metric remains in positive territory, indicating that while retail participation was significant, whales still maintained their presence.
According to data, a declining but still positive delta confirms that retail investors were active participants. The outlook based on participation remains largely bullish, though a further decline to negative territory could signal that retail investors dominate — a group that often sells off assets more quickly.
Short liquidations far outpaced long liquidations during the rally. Short traders saw $229,690 worth of positions liquidated, compared to $66,140 in long positions, meaning short liquidations were 3.47 times higher.
This greater pressure on bearish positions shows that trading long has had a higher chance of recording gains when properly positioned. The imbalance could encourage more traders to adopt long positions, potentially fueling further upward momentum.
Volume in the perpetual market surged 544% to $70.81 million. Combined with spot market volume, cumulative trading volume reached approximately $95 million. Historically, assets tend to rally higher when price gains are accompanied by such a volume surge.
Market sentiment for KMNO is currently bullish, with a reading of roughly 4.39 on a scale between -10 and 10. This confirms that investors consider the asset a good buy and are likely to accumulate further. A shift in sentiment would indicate whether investor bias is changing.
