Kaito AI’s KAITO Token Surges Despite Selling Pressure from Crypto Influencers

The KAITO token has surged, with significant market activity following its recent launch and initial distribution. Despite selling pressure from well-known crypto influencers, the token's value has shown resilience and strong growth.

Kaito AI, a crypto intelligence platform, has seen its KAITO token experience a surge in value following its recent launch and initial distribution. Despite facing selling pressure from some airdrop recipients, the token has shown resilience and strong growth.

KAITO was introduced into the market on Wednesday, with the platform aiming to become the “ultimate Web3 information hub.” During the token launch, 10% of Kaito AI’s total supply was allocated for an airdrop, while an additional 20% was reserved for future airdrops and community incentives.

Within the first 24 hours of trading, KAITO experienced a 75% increase, reaching an average price of $1.87 per token and contributing to a market capitalization of over $453 million. However, some large airdrop recipients, such as crypto influencers, chose to sell a substantial portion of their allocations.

For instance, Ethereum educator and investor Anthony Sassano received approximately $185,000 in KAITO tokens and decided to sell his entire allocation. These actions generated discussions within the community regarding the token’s distribution structure and its influence on selling pressure.

One particular concern raised by community members was the allocation of tokens to insiders. According to on-chain investigations, 43.3% of KAITO’s total supply is designated for team members and early investors, sparking discussions about fairness and the project’s long-term sustainability.

On the other hand, Kaito AI’s technology has been met with positive feedback within the industry. Marcin Kazmierczak, co-founder and COO of blockchain solutions company RedStone, expressed his enthusiasm for the platform, especially for marketing professionals in the crypto space.

While excitement builds around the Kaito AI project, it’s important to note that scam attempts have also been reported, involving fake airdrop sites. The company has urged users to be vigilant and use only the official links provided to claim tokens safely.