CyberKongz’s $KONG Token Plunges after Launch, Leading to Uncertainties for the Ecosystem

CyberKongz, the studio behind the popular blue-chip CyberKongz NFT collection, has launched its new utility token, $KONG, on the Avalanche network. The move aims to replace the previous BANANA token and provide a more dynamic ecosystem for the growing community. However, the token’s price experienced a sharp decline shortly after launch, leaving many investors bewildered and questioning the future of the project.