Why $KAITO pump sml:
- Unique model and product with good revenue and used by top teams, all Kols. Telling the story of "mindshare" to the market - one of the most important factors in the era of many projects. $KAITO's social coverage is also extremely strong when all Kols in the industry speak well of it (because basically no Kols would fud the token they are earning)
- Listing during a bad market, most users do not dare to buy or run out of money to buy, so it has a good valuation. MC at listing is around 200M, FDV is under 1 billion$, even lower than the cap of $ARKM (ARKM's ATH is up to 4 billion$ while $KAITO is better in almost every aspect). I use ARKM to compare because the 2 projects have many things in common from my perspective.
- Most traders compete to short
- The project holds almost all of the 24% of tge tokens, only about 4% is in the hands of users (2% Binance Holder, 2% claimed airdrop). Checking onchain, the actual circulating supply is only about 8%, so you can freely manipulate the price.
- It must be said that Wintermute draws a very beautiful KAITO chart, and also flies against the storm to get the number with the market, the team proves to be quite strong.
In short, the product and team are good, the token is similar to $ARKM, there are not many use cases, so it is not much different from memecoin. Currently, you should not enter this price, but you should not short the ship, maybe the peak of#KAITOis about 3-4$.