NKN — price, funding and open interest
NKN/USDT perpetual on Coinbase: price 0.006267, 24h turnover $277K. Updated in real time.
What this is
Physical infrastructureNKN distributes data transmission across ordinary computers: instead of one company's servers, traffic runs through a network of participants who are paid for it. The project has run since 2018 and belongs to the few who built a «network from other people's machines» long before the word DePIN. What this shows: demand for such networks is limited to narrow tasks and the token only grows with real traffic — the coin is nearly a hundred per cent below its April 2021 peak with a market cap around four million. Here it trades on Coinbase spot.
Chart
Chart built from data of Coinbase
NKN unlocks
No unlock schedule: the whole supply is already in circulation (100 % per CoinGecko).
Net issuance will appear once our supply ledger covers 30 days.
Supply figures are from CoinGecko, updated once a day. We do not take unlock schedules from trackers.
What the data shows
NKN trades at 0.006267. Over 365 days it ranged between 0.003800 and 0.032277; the price now sits in the lower third of that range — 9% of the way from the yearly low to the high.
All-time high is 1.4863 (April 2021); the price is 100% below it now.
Traded on a single venue — Coinbase. There is nothing to cross-check the price against, so a drift from the wider market would go unseen.
24-hour turnover is $277K — percentile 71 for the year: a normal level of activity for it.
The daily range is 12.9% and five-minute NATR is 0.81%. That range is at percentile 67 for the year — an ordinary day for it.
NATR is 0.68% on the minute and 1.90% on the hour — price grinds: the hourly range is barely wider than the minute one.
NKN correlation with Bitcoin over 24 hours is -0.13 — it goes its own way, barely looking at Bitcoin.
Over the day -1.20%, over the hour -1.04%, over the last five minutes 0.00% — it moved livelier an hour ago and has since gone quiet.
By turnover it ranks 1296 of 2044 instruments in the screener.
By daily range it ranks 239 of 2044.
Built from current numbers and the coin's own year of history. Updates with the data.
How NKN behaved before
Tracked since February 2021 — 68 full months, and falling ones prevail: 43 of 68. Median month -6.0%.
In October the instrument rose 1 times out of 5, median -3.6%.
Best month — April 2021: +341.2%. Worst — May 2021: -52.6%.
Computed from our own minute history, month by month. The past promises nothing — but it shows what is ordinary for this instrument and what is not.
Our observations
KairoRight now NKN is within its usual range: volume, funding and open interest are all unremarkable.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
Similar instruments
From the same group — physical infrastructure. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.