Kinesis Gold (KAU), a gold-backed token, briefly appeared to rise more than 110% on CoinGecko on Monday after showing a 24-hour low near $66 before returning to around $140, even though gold itself had not moved by anything close to that amount. The pattern points to a market data problem tied to Kinesis' dollar stablecoin, C1USD, which CoinGecko showed near $1 while also recording a 24-hour low around $0.48. Because the KAU/C1USD pair accounted for almost all of KAU's reported trading volume at the time, and daily volume jumped to more than $8 million, a temporary mispricing in C1USD could have made KAU appear to halve and then double in dollar terms without any real rally in the underlying metal. Kinesis says KAU is backed by physical gold and is part of a wider tokenized precious metals ecosystem that also includes silver-backed KAG, though the platform has faced scrutiny over its Cayman Islands operating structure, links to Allocated Bullion Exchange, and user complaints about withdrawals and communication.