dYdX: Vote to Wind Down KAS-USD Market
dYdX Foundation launches on-chain vote to close KAS-USD and USELESS-USD markets by June 5 2026 as KAS trades at $0.03 with bearish EMA structure.
SourceAnalysis
dYdX Foundation created an on-chain vote asking the community to approve winding down the KAS-USD and USELESS-USD markets, with voting closing June 5 2026 at 07:53 UTC.
Over the past six months KAS has remained range-bound near $0.03 while perpetual futures liquidity on dYdX steadily declined. KAS price prediction models now factor in reduced venue depth after this potential delisting. With price testing upper Bollinger resistance at $0.03 while RSI sits at 35.63, a healthy retracement toward the 50-EMA support at $0.03 appears probable before any continuation attempt; the MACD golden cross offers only marginal bullish momentum inside the bands.
dYdX Foundation
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