KAITO Price Surges Around 40% Amidst the Airdrop Hype

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KAITO Price Surges Around 40% Amidst the Airdrop Hype

• KAITO token price increased by 38% today.
• Kaito AI launched its airdrop and started trading on major crypto exchanges.

Kaito AI token price witnessed a significant price surge following its airdrop launch yesterday. Despite the token distribution concerns among the community, the project is gaining traction with its unique InfoFi narrative. Even though Bitcoin is still trading below $100K, tokens like Pi Coin, Story Protocol, Sonic, and KAITO are showing remarkable market performance today.

KAITO token started trading with an initial price of $1.12. After reaching a peak of $1.8891 in the early Asian hours of today, it is now trading at $1.59. The token recorded a notable surge of around 40% since its launch. While its trading volume surpassed $2.37 billion, its market cap is hovering around $383.4 million.

Kaito AI Starts Trading on Major Crypto Exchanges Amidst Token Sell-Off Concerns

As per its previous intimation regarding the launch, Kaito AI token finally launched yesterday. Within an hour after the airdrop went live, Kaito AI token started trading on major crypto exchanges. Leading crypto exchanges Binance, Coinbase, KuCoin, Kraken, etc are all starting offering KAITO tokens on their platforms.

The innovative project model combined with the fast acceptance by major crypto exchanges further increased hype around the Kaito AI project. Even though the token distribution strategy of Kaito raised concerns over early sell-off, the token adoption by investors is impressive so far.

As per the tokenomics released right before the airdrop launch, 10% of the supply is allocated to initial community and ecosystem claims. While 35% is devoted to its foundation and core contributors, 32.2% is allocated to ecosystem and network growth. Notably, 2% of the allocation is dedicated to the Binance Hodler program to foster partnership between Binance and Kaito.

The Kaito AI project is redefining the crypto AI project space in the industry. However, if it has potential to bring back the AI token frenzy into the mark is still a question mark. Nonetheless, Kaito AI is one of its kind projects that focuses on tokenizing the attention of users by offering large volumes of information.