Why Is KAITO Price Pumping?

Crypto markets often shift in wild directions, yet one token stands out this week. KAITO, tied to an AI-powered InfoFi network, keeps rising while others falter. 

Traders on social media are dissecting its climb. A mix of scarcity, exchange listings, and community power fuels the rise. At press time, data from CoinGecko pegs KAITO’s price at $2.49, up 22.21% in 24 hours. Trading volume hit $2,074,813,226 during that stretch. 

Crypto enthusiast Mr B, posting as @MrBsol on X, stated its market cap reached $670 million. He noted KAITO surpassed tokens like $CAKE, $EGLD, and $RON in value. This happened as the broader market crashed, making its gains even bolder.

What’s Driving the KAITO Price Surge?

Supply dynamics play a huge part in KAITO’s rise. Mr B explained that 98% of its total supply sits with the top 10 holders. 

Just 2% is available for public trading, tightening the market. The next token unlock, he added, is five months away. Listings on big exchanges like Binance, Kucoin, OKX, and MEXC boost its reach too.

KAITO’s role in its ecosystem adds more heat. It powers an AI-driven InfoFi network where holders influence attention distribution. The token doubles as currency and governs protocol changes through votes. Nora, tweeting as @NoraXBT, said it touched $2.8 with no utility news. She called it a “risk vs FOMO play,” with some staking and others selling.

Visibility from major exchanges keeps the momentum alive. Mr B highlighted how listings draw traders in. Nora questioned if patience or timing wins here. 

With a $670 million market cap and daily highs, KAITO defies the downturn. Its value climbs as three factors converge: limited supply, practical applications, and growing community interest. The trading community has taken notice, with many now carefully assessing their positions as this rapid market development unfolds.

Read also: Onyxcoin (XCN) Price Can Still Reach $1 This Bull Run—Here’s Why

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Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.

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