Kucoin Exchange’s native cryptocurrency, KCS stands out as one of the best performing crypto assets today, recording an impressive 15% price surge. The coin touched a months-long high of $12.38 earlier than today. It’s now up 21.7%, considering KCS traded at a low of $10.17 last Friday.
Interestingly, Kucoin sees this notable price surge even if major Altcoins like XRP, Solana and Dogecoin have undergone corrections. For example, XRP has dropped by 5% over the last 24 hours, while Dogecoin and Solana both have dropped by about 2%.
Meanwhile, KCS rose 9% at press time, trading at $11.99. Over the past year, coins have risen 51% at current prices.
Kucoin tokens between top gain
Kucoin Exchange CEO BC Wong highlighted the platform’s token performance in a tweet today, noting that it has skyrocketed 15.43% over the past 24 hours. Wong added that this incredible performance puts KCS in one of the top five crypto assets, and has performed best in the top 100 of its past.
At the time of reporting, KCS ranks as the second-largest winner in the last 24 hours, according to data from CoinmarketCap. Before that, the only token is Raidium (Ray), which is a 10% increase to $323 million trading volume.
What is the price surge for KCS?
In particular, the price surge coincided with an announcement from Kucoin CEO earlier today. Wong revealed that Kucoin mining is stronger than ever, empowering users to control with a new focus on decentralization. “Be prepared to level up your mining game,” he added.
Kucoin Mining is back and is getting better than ever. It’s all about decentralization and allows users to make decisions. Get ready to level up your mining game. https://t.co/a7ccyat3f9
– BC Wong (@bc_kucoin) August 10, 2025
The Kucoin team is also in the process of renaming their mining products and is currently seeking suggestions from the Crypto community. The two proposed names include Kuhash and Kumining. At the time of reporting, Kumining is leading the polls with over 58% of votes.
Meanwhile, the exchange is in the middle of the 8th year celebration. These ongoing events may also contribute to an increase in the KCS spotlight.
Giant token burning
Another factor supporting KCS’ recent price surges is the major token burns that the Kucoin team has recently implemented. Two weeks ago, Kucoin announced the completion of its 61st KCS Burn in July 2025, further boosting investors’ confidence.
Specifically, a total of 45,288 kcs worth more than $500,000 was burned. This action reduced the circular supply to 142,421,933 kc, giving the token a valuation of about $1.7 billion.
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