The KAVA token lost more than half its value on November 14, 2026, after roughly 48.3 million tokens were bridged to BNB Smart Chain and sold. At the time of the transfer, the tokens were worth an estimated $3.2 million to $3.3 million, and the sell-off drove a decline of more than 40% within an hour, taking the token to a low of approximately $0.037 to $0.038. Kava’s team said the incident remained confined to the Kava Lend lending protocol and was not caused by a minting exploit or an error allowing unlimited token issuance. The team has not yet disclosed the root cause of the large transfer, while Upbit, Bithumb and Coinone suspended KAVA deposits and withdrawals as a precaution. Holders are awaiting a full incident report, possible compensation for affected Kava Lend users and clarity on when the exchanges will resume operations.
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