KAITO experienced a 75% growth in its first 24 hours after the airdrop, reaching $1.87 and surpassing $453 million in market capitalization.
Crypto influencers like Anthony Sassano sold their allocations, sparking debate over selling pressure and token distribution.
On-chain investigations revealed that 43.3% of the total supply is allocated to insiders, raising concerns about the project’s long-term sustainability."
Kaito Token (KAITO) has seen a remarkable 75% increase in value within 24 hours post-airdrop, reaching approximately $1.87 and achieving a market capitalization exceeding $453 million. This surge occurred despite significant selling pressure from notable crypto influencers who quickly liquidated their allocations, raising concerns about the sustainability of the token's value.
On-chain data indicates that around 76.7% of claimers reduced their holdings shortly after the airdrop, suggesting a cautious sentiment among investors. High-profile accounts, including Anthony Sassano, sold substantial amounts of KAITO almost immediately after receiving them. Additionally, investigations revealed that 43.3% of the total supply is allocated to insiders, which could further exacerbate selling pressure and impact long-term confidence in the project.
The Kaito platform has introduced a staking feature offering attractive returns, which may help stabilize its price in the future. However, the initial response to the airdrop has sparked debates over its tokenomics and distribution strategy, highlighting potential risks for new investors.The crypto influencer Anthony Sassano generated public debate regarding token distribution through his allocation sales, which brought selling pressure to the market.
The ongoing analysis of blockchain transactions shows that insiders control 43.3% of all KAITO supply, thus maintaining doubts over the continuous viability of the project.
After KAITO Token (KAITO) conducted its airdrop, the price increased by 75% while market capitalisation rose to above $453 million through a $1.87 per token value. The token surge occurred despite major crypto influencers rapidly selling their KAITO tokens, which generated doubts about the investment's sustainability.
Analysis of blockchain transactions shows that 76.7% of token holders diminished their holding amounts right after the airdrop took place because investors displayed sceptical behaviour. Several prominent crypto figures, led by Anthony Sassano, managed quick KAITO sales soon after they gained possession from the airdrop. The distribution of 43.3% of Kaito supply to project personnel creates additional selling pressure that threatens to damage essential investor trust.
Through their staking function, Kaito enables investors to receive attractive returns that could potentially stabilise its ecosystem price in the future. The first reaction toward the airdrop distribution has ignited a discourse about its token release methods, although it generates potential challenges for investors who just entered the market.
