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KAITO has seen a significant surge in value over the past few days, especially after being listed on several major exchanges such as Binance, Coinbase, Kraken, OKX, and Bybit. On February 21, 2025, the price of KAITO rose by 106% to $1.87, bringing its market cap to $458 million, with a trading volume exceeding $2.1 billion within 24 hours.
Despite this surge, data showed that 79.1% of airdrop beneficiaries sold a significant portion of their holdings, suggesting a price correction could be imminent.
Currently, KAITO is trading at $1.75, with a daily high of $1.99 and a daily low of $1.53.
It is worth noting that KAITO is the native currency of the Kaito AI platform, which uses artificial intelligence technologies to provide research and analysis in the field of digital currencies. The project received funding of $ 10.8 million from prominent investors such as Dragonfly Capital, Sequoia Capital China, and Spartan Group.
However, investors should be cautious, as continued selling by early investors could lead to volatility in the price of the coin in the coming days.