Kaito AI Price Surges 50% After Airdrop—Will the Rally Continue?
The post Kaito AI Price Surges 50% After Airdrop—Will the Rally Continue? appeared first on Coinpedia Fintech News
Kaito AI, a leading crypto AI token, has seen a massive 50% price jump after its airdrop launch. Despite concerns about token distribution, Kaito AI has performed better than other recent airdrops like Pi Network and Hamster Kombat. With major exchanges supporting it, many wonder, can Kaito AI keep up this momentum?
Kaito token Launch Positively
The Kaito AI project officially launched its airdrop claims on February 20, positioning itself as a revolutionary Web3 information platform. Even though some feared that insiders selling their tokens might push the price down, KAITO has stayed strong so far.
However, the token started trading at $1.12 and quickly surged to $2 before pulling back slightly to settle around $1.75. This marks an impressive 50% increase since its launch.
Soon after the airdrop went live, KAITO was listed on major crypto exchanges. Within just an hour, leading platforms like Binance, Coinbase, KuCoin, and Kraken opened trading for the token.
Kaito Tokenomics and Future Concerns
According to Kaito AI’s tokenomics, 10% of the total supply is allocated to community and ecosystem claims, 35% is set aside for the foundation and core team, and 32.2% is dedicated to ecosystem growth.
Additionally, 2% of the supply is reserved for Binance’s Hodler program, strengthening ties between Binance and Kaito AI.
A key concern is the upcoming token unlock on August 20, which will release 21.84 million KAITO tokens worth around $42 million. With 241 million tokens in circulation out of a 1 billion total supply, dilution remains a possibility.
What’s Next for Kaito Price
While Kaito AI’s strong start is promising, some analysts predict a potential price correction in the coming weeks.
However, a key technical pattern forming on KAITO’s price chart suggests the possibility of a downturn. The token has developed a rising wedge pattern, a well-known bearish signal. If a breakdown occurs, KAITO’s price could fall toward the $0.87 mark.
On the bullish side, for KAITO to reach $5, it would need a 180% surge from current levels. This could happen if the token breaks above the key resistance at $2 and crosses the psychological barrier at $3.
