Kaito (KAITO) is a cryptocurrency token associated with the Kaito AI platform, which aims to tokenize social media engagement through its "Yaps" system. The token was launched in February 2025 via an airdrop, distributing 10% of its total supply to early community members and ecosystem participants.
Following the airdrop, KAITO experienced significant market activity. The token's price surged over 50% within 24 hours, reaching a high of $2.69. However, this rapid increase was followed by a correction, with the price stabilizing around $1.70.
The trading volume also saw a substantial rise, with over $2.2 billion in 24-hour trading volume shortly after the airdrop, indicating strong market interest and liquidity for KAITO.
Despite the initial surge, concerns have been raised about the token's long-term stability. A significant portion of the tokens distributed during the airdrop were quickly sold by recipients, leading to increased selling pressure. Additionally, the allocation of nearly 20% of the total token supply for future airdrops and incentives has sparked discussions about potential insider selling and its impact on the token's value.
In summary, while KAITO experienced a notable price surge following its airdrop and exchange listings, it also faced significant selling pressure and market corrections. Investors should monitor the token's performance and the broader market dynamics to assess its future potential.