The KAITO token rose 50% soon after its highly awaited distribution on Feb. 20 despite major crypto influencer selling pressures. Analysts now disagree about the token’s business model and market possibilities due to its strong performance.
Before publication KAITO showed $1.74 market value over 24 hours which lifted its total market worth to $421 million per CoinMarketCap data. Traders fear insider distributions will create heavy selling as the price continues to advance.
KAITO Market Performance Uncertain
Major token recipients known as KOLs have quickly sold large amounts of their KAITO tokens. Ansem distributed all his KAITO tokens with a total value of $230,000.
Ethereum educator Anthony Sassano joined the crowd in selling KAITO tokens after disposing of $185,000. Helius Labs CEO Mert sold 80% of his KAITO supply worth $340,000 as documented in the crypto research from Arkham on February 21.
Market speculation grows because investors doubt how KAITO will be distributed to its owners. Onchain analyst RunnerXBT discovered that team members and early investors hold 35% and 8.3% of the 43.3% total KAITO supply. Experts suspect corporate officers who received their token allocation will stop investing in KAITO because it reduces future price stability.
The growing demand for Kaito AI did not slow despite market worries. RedStone co-founder Marcin Kazmierczak believes Kaito stack will benefit all serious marketers since he cannot identify any business owner willing to overlook this platform.
Scarce Kaito AI popularity generates fraudsters that make fake airdrop claim websites to trick investors into sharing their crypto wallets. Kaito AI uses its verified X account to distribute the correct airdrop claim page to investors.
The period to claim Kaito AI tokens extends from the launch to March 22. The market performance of KAITO proves difficult to predict despite an unexpected rise in value. Investors and financial experts will observe how long KAITO can hold its valuation before insiders sell their holdings.
