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As the markets continue to trade sideways, investors seem to be taking advantage of the recent Kusama (KSM) token unlock to purchase more tokens. KSM is a native token for the Kusama network. At the time of writing, KSM was trading at $77.20, up 8.33% after dropping from a daily high of $84.69. Massive token […] The post Kusama (KSM) soars 8% after a bullish token unlock appeared first on Invezz.

1.1 million KSM, representing around 12% of all tokens in circulation, have been unlocked.

Kusama's native cryptocurrency KSM is one of the many casualties of the latest bear market. It has so far plunged by roughly 50% since the start of May and the heavy discount has sent it crashing to January 2021 levels.