CyberKongz Launches NFT Coin "$KONG" – TGE Encounters Challenges
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 11 2025Launch of $KONG Token: CyberKongz has introduced its new utility token, $KONG, on the Avalanche network, replacing the previous BANANA token, but its price plummeted shortly after launch, causing investor concern.
Token Generation Event Issues: The $KONG token generation event faced significant challenges, including a disastrous airdrop claim process due to unexpected website traffic, which the CyberKongz team has acknowledged and apologized for.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
