#PriceTrendAnalysis

PriceTrendAnalysis

KAITO saw a staggering 106% surge on February 21, right after the token launch event and listings on major exchanges like Binance, Coinbase, Kraken, OKX, and Bybit. The token reached a price of $1.87, bringing its market cap to $458 million. This massive surge in value came amid heavy trading volumes of over $2.1 billion in just 24 hours, reflecting the high demand among traders.

Despite the current bullish momentum, on-chain data from Dune Analytics reveals that 79.1% of those who received free KAITO tokens have sold a significant portion of their holdings, with 10 out of 12 recipients exiting their positions. These sales indicate a desire to make quick profits, raising the possibility of a price correction imminent.