KAITO Token Sees 106% Rally Amid Exchange Listings and High-Volume Trading

The KAITO token experienced a significant surge, rising by 106% on February 21, following its token generation event and listings across major exchanges. According to market data, KAITO reached an intraday high of $1.87 and a market cap of $458 million in the early Asian morning.

Exchange Listings and Trading Volume

KAITO secured listings on prominent centralized exchanges such as Binance, Coinbase, Kraken, OKX, Gate.io, Bybit, and MEXC on February 20. This move was followed by a significant increase in trading volume, with over $2.1 billion worth of KAITO traded in the past 24 hours. The high trading volume indicates substantial demand among traders.

At the time of writing, KAITO was up 1,521% on Binance, trading at 1.62 USDT. On Kraken and Bybit, the altcoin was up 43% and 30.6%, respectively, trading at $1.41 and $1.57.

Underlying On-Chain Data Suggests Potential Correction

Despite the current momentum, on-chain data suggests that this bullish trend may be short-lived. According to on-chain analytics, the top 12 claimers of KAITO’s airdrop collectively received approximately $3.3 million worth of tokens. However, 10 of these holders have already offloaded most of their holdings, with eight completely exiting their positions.

This sell-off is part of a broader trend, as 79.1% of all claimants saw a reduction in their balances, indicating widespread profit-taking. This trend may create downward pressure on the price, potentially leading to a correction in the coming days if more users offload their holdings.

Social Sentiment and Retail Interest

Social sentiment around KAITO remains strong across social media platforms like Telegram and X. This surge in social buzz and search activity could help cool off some of KAITO’s volatility by drawing in fresh interest and keeping trading levels steady.

However, heightened retail attention doesn’t always guarantee sustained price stability. If early profit-taking continues and new buyers fail to match the selling pressure, volatility could spike again.

What is Kaito?

Kaito AI is an AI-powered platform focused on web3 insights. The project has gained attention, especially after launching Yaps in December 2024. Yaps is a permissionless protocol that turns attention into a tradable asset, already being used in reward systems and SocialFi applications.

The KAITO token is central to this ecosystem, influencing how attention flows within Kaito’s “InfoFi” model – an approach that aims to make information measurable and tradable using AI. Kaito offers products like Kaito Pro, an AI-driven search engine for crypto intelligence, and Kaito Connect, an InfoFi-powered network designed to optimize the way attention and capital move in the web3 space.

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