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Cryptocurrency News Articles
Kaito AI (KAITO) Explodes with a 106% Rally Right After Its Token Generation Event
Feb 21, 2025 at 05:07 pm
KAITO exploded with a 106% rally on Feb. 21 right after its token generation event and listings across several major exchanges.
Kaito AI (KAITO) price surged by 106% on Feb. 21 right after its token generation event and listings on several major exchanges.
KAITO price skyrocketed by 1,521% on Binance, and was up 43% and 30.6% on Kraken and Bybit, respectively.
According to data from Binance, Kaito AI (KAITO) price reached an intraday high of 1.62 USDT on Feb. 21. On Kraken and Bybit, the altcoin was trading at $1.41 and $1.57, respectively.
At the same time, KAITO price was down over 12% from its all-time high hit earlier today.
As reported, KAITO tokens were listed on Binance, Coinbase, Kraken, OKX, Gate.io, Bybit, and MEXC on Feb. 20. The exchange listings came after the token generation event, which was held on the same day.
According to Dune Analytics, the top 12 claimers of KAITO’s airdrop collectively received approximately $3.3 million worth of tokens. However, 10 of these holders have already offloaded most of their holdings, with eight completely exiting their positions.
The sell-off was part of a broader trend, as 79.1% of all claimants saw a reduction in their balances, which is a sign of widespread profit-taking.
This suggests that early recipients are more focused on short-term gains than long-term growth potential. The criticism surrounding KAITO’s tokenomics and airdrop mechanics appears to have influenced this trend, creating downward pressure on the price, which could lead to correction in the coming days if more users offload their holdings.
However, social sentiment around KAITO remains strong across social media platforms like Telegram and X, according to Santiment. It was also trending on Google, which is often perceived as a sign of retail interest.
This surge in social buzz and search activity could help cool off some of KAITO’s volatility by drawing in fresh interest and keeping trading levels steady.
That said, heightened retail attention doesn’t always guarantee sustained price stability. If early profit-taking continues and new buyers fail to match the selling pressure, volatility could spike again.
Kaito AI is an AI-powered platform focused on web3 insights. The project has gained attention, especially after launching Yaps in December 2024.
Yaps is a permissionless protocol that turns attention into a tradable asset. It’s already being used in reward systems and SocialFi applications.
The KAITO token is central to this ecosystem, influencing how attention flows within Kaito’s “InfoFi” model—an approach that aims to make information measurable and tradable using AI.
Kaito offers products like Kaito Pro, an AI-driven search engine for crypto intelligence, and Kaito Connect, an InfoFi-powered network designed to optimize the way attention and capital move in the web3 space.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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