Oh, darling! Kaito’s token has pirouetted its way up by nearly 50% since its much-ballyhooed airdrop on February 20, maintaining its upward momentum like a diva on a stage, despite the heavy selling pressure that followed the token generation event. Bravo! 👏
Our dear friends at Kaito AI, who fancy themselves the “ultimate Web3 information platform,” launched their airdrop claims on February 20, allocating a mere 10% of their token supply to the current airdrop and a rather generous 20% to future airdrops and community incentives, as reported by the ever-reliable CryptoMoon. How charming! 🎩
The Kaito AI (KAITO) token has waltzed over 49.5% in the 24 hours leading up to this very moment, trading above $1.74 with a market capitalization that has exceeded a staggering $421 million, according to the ever-so-accurate CoinMarketCap data. Quite the spectacle! 💰
Despite the whispers of concern that insider allocations could create a bit of a selling ruckus, the Kaito token has continued its delightful rally. How positively scandalous! 😏
Some of the most illustrious recipients of the airdrop — those high-profile crypto influencers, or as they like to call themselves, key opinion leaders (KOLs) — have sold off significant portions of their Kaito allocations. Oh, the drama! 🎭
Kaito token rallies despite heavy KOL selling pressure
Take, for instance, the popular crypto influencer Ansem, who received a whopping $230,000 worth of Kaito tokens and promptly sold every last one. How very generous of him! 💸
Then there’s Anthony Sassano, the Ethereum educator and investor, who received $185,000 worth of Kaito and, like a true gentleman, sold 100% of his tokens. Meanwhile, Helius Labs CEO Mert sold 80% of his allocation, worth a staggering $340,000, according to a rather juicy February 21 X post from crypto intelligence platform Arkham. What a delightful turn of events! 🍾
Part of the initial selling concerns stemmed from on-chain analysts who pointed out that a significant portion of the token supply is allocated to insiders. According to the ever-so-diligent on-chain investigator RunnerXBT, a staggering 43.3% of Kaito’s total supply is designated for insiders, including 35% for the team and 8.3% for early investors. How positively riveting! 📊
Despite the criticism, Kaito AI’s technology has gained a rather respectable recognition within the industry. Marcin Kazmierczak, co-founder and chief operating officer of blockchain oracle solutions firm RedStone, told CryptoMoon that he does “not know a single serious marketer that wouldn’t use Kaito stack.” How very flattering! 🌟
Meanwhile, our dear crypto scammers are already cashing in on the excitement surrounding the project by creating fake airdrop claim pages to trick unsuspecting investors into sharing their precious cryptocurrency wallet addresses. How utterly dastardly! 😈
Kaito AI’s official airdrop claim page was shared by the company’s official X account in a February 20 X post, which will be available for claimants until March 22. Don’t miss out, darlings! 🕰️
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2025-02-21 14:31