Gate News Bot news, on July 18, according to CoinMarketCap, as of the time of writing, KUJI (Kujira) is currently priced at $1.91, having risen 621.66% in the last 24 hours, with a high of $52.91 and a low of $0.25. The current market capitalization is approximately $234 million, which is an increase of $201 million compared to yesterday. Currently, KUJI ranks 220th in global Crypto Assets market capitalization. Important news about KUJI recently: 1️⃣ **Kujira Foundation's leveraged positions face liquidation** The tokens of the Kujira Foundation are affected by their own leveraged positions, leading to a failure in investment strategy. This incident has caused severe fluctuations in the price of the KUJI token and significantly impacted market confidence. 2️⃣ **KUJI token price plummets, team positions liquidated

The Kujira team published an article on the X platform, pointing out that the recent Liquidity crisis and market panic were caused by security vulnerabilities and social engineering attacks. The team denied rumors of 'Rug Pull' in the market, and there are still 14 million secure KUJI in the treasury. To increase transparency and accountability, Kujira will establish an operational DAO and provide discounted KUJI to the community through Fuzion's bond products to reduce debt.