KGST listing sparks frenzy: Trading exceeds market capitalization fourfold

Following the listing of the KGST stablecoin on Binance cryptocurrency exchange, trading activity in the token surged sharply. According to market data, KGST’s daily trading volume reached $4.29 million, while its market capitalization stands at around $1 million. As a result, the volume-to-market-cap ratio exceeded 429 percent.