KAITO is the native token of Kaito AI, an AI-powered search and research platform tailored for the cryptocurrency industry. The platform aims to streamline information discovery for traders, analysts, and investors by aggregating data from various sources, including blockchain networks, social media, research papers, and market trends. This comprehensive approach provides users with a holistic view of the crypto landscape.
As of February 24, 2025, KAITO is trading at approximately $1.67 USD.
The token's recent performance has been influenced by several key events:
Token Generation Event (TGE): KAITO's TGE has attracted significant attention. Pre-market trading on platforms like Aevo has seen KAITO's fully diluted valuation (FDV) range between $1.2 billion and $1.4 billion. Analysts anticipate a moderate initial price, followed by potential growth leading to new all-time highs post-TGE.
Airdrop and Staking Launch: On February 20, 2025, Kaito AI conducted an airdrop, distributing 10% of its token supply to early adopters. Concurrently, the platform introduced a staking feature offering double-digit returns, which has contributed to increased demand and a subsequent rise in token price.
However, there are concerns regarding the token's distribution. Approximately 43.3% of KAITO's total supply is allocated to insiders, including 35% for the team and 8.3% for early investors. This significant insider allocation could lead to selling pressure, especially after the airdrop, as early stakeholders might liquidate their holdings. cointelegraph.com
Given these factors, while KAITO shows potential for growth, investors should exercise caution. It's essential to conduct thorough research and consider both the opportunities and risks associated with the token's distribution and market dynamics before making investment decisions.
