The token climbed on news that about 7 trillion KIN tokens worth $156 million will be burned.
Code Wallet Aims for Fresh Start on Solana After Messy Tale of Kik and KIN
Kik, the instant messaging app, founded KIN in 2017 but was forced to pay $5 million settlement to the SEC.
Kik Messaging App to Shut Down Following SEC Lawsuit Against ICO
“This is a direct impact from the SEC legal action,” CEO Ted Livingston told CoinDesk.