The token of the Kaito AI platform (KAITO) surged by 50% following the commencement of its airdrop, despite active sell-offs by major holders, including prominent crypto influencers.
For the Initial Community and Ecosystem Claim — 10%
This allocation includes the initial Kaito Yapper community, Genesis NFT holders, and ecosystem yappers and partners.
Our overall approach is guided by two key principles:
1) Rewarding alignment:
Distributing $KAITO to those…
— Kaito AI ? (@KaitoAI) February 20, 2025
The project opened the KAITO claim on February 20. The total supply amounts to 1 billion tokens, with 10% allocated for the airdrop and community development, and 24% already circulating on exchanges. According to Dune Analytics, 29.51% of the tokens were claimed by 76,157 wallets. More than 4.6 million tokens from the distribution were staked.
Kaito AI tracks popular posts by crypto influencers on the social network X and analyzes which topics are most discussed within the community.
Some major holders sold all their tokens immediately after receiving them. For instance, analyst Ansem sold KAITO worth $230,000. Other sellers included Ethereum investor and promoter Anthony Sassano ($185,000) and Helius Labs CEO Mert Mumtaz, who sold 80% of his share for $340,000, as reported by Arkham analysts.
KAITO Airdrop: WHO SOLD?
ANSEM: received $230K KAITO — SOLD 100%
MERT: received $340K KAITO — SOLD 80%
ANTHONY SASSANO: received $185K KAITO — SOLD 100% pic.twitter.com/a0jfLtILbG— Arkham (@arkham) February 20, 2025
Experts are concerned about the token distribution. A total of 43.3% of all coins are allocated to insiders, with 35% intended for the project team and 8.3% for early investors.
so $KAITO is
35% team (25% core contributors + foundation = same thing)
8.3% VCs (at $87.5m valuation — at $1b are up 10x+)
read as = 43.3% insiders10% airdrop
2% Binance “listing fee”not sure how I feel about this but OTC market was probably right about $20 yaps
— RunnerXBT (@RunnerXBT) February 20, 2025
As of February 21, the coin’s price stands at $1.9, with a market capitalization exceeding $450 million, according to CoinGecko.
Previously, the team behind Donald Trump’s meme coin TRUMP conducted an airdrop. The distribution was carried out among those who acquired the US president’s merchandise before February 15.