Cryptocurrency exchange Binance today made an announcement about an altcoin, informing its users that the coin in question is KAVA. Let’s look at the details of the announcement made by Binance.
Binance KAVA Announcement
According to the statement made by Binance, starting from 17:00 on April 24, 2024, Turkey time, deposit and withdrawal transactions of tokens on the KAVA network will be suspended to support a network upgrade aimed at providing the best user experience.
The network upgrade for KAVA will occur at block height 9,561,866 or around 18:00 on April 24, 2024, Turkey time.
Other Details
Cryptocurrency exchange Binance informed its users about other details, stating that the trading of tokens on the aforementioned network will not be affected.
Furthermore, Binance emphasized that it will meet all technical requirements for all users. Deposit and withdrawal transactions for tokens on the mentioned network will reopen once the upgraded network is considered stable. Additionally, no further announcements will be made. We see that the price of KAVA, which had risen to $1.15, is now trading at $0.73 following recent corrections.
