Crypto enthusiasts are buzzing about Kaito AI, a new AI token making waves in the crypto space! This project has seen a huge 50% surge in price right after its airdrop launch. Even with some initial worries about how the tokens were being distributed, Kaito AI is actually outperforming other recent airdrops like Pi Network and Hamster Kombat. And with backing from major exchanges, the big question is: can Kaito AI keep this incredible momentum going?

Kaito token Launch Positively

The Kaito token launch on February 20th was definitely a positive one! Kaito AI is aiming to be a game-changer in the Web3 information world, and their airdrop claims kicked things off officially. Some people were concerned that those ‘in the know’ might sell off their tokens and bring the price down, but so far, KAITO has shown impressive resilience.

It actually started trading at $1.12, then quickly shot up to $2 before settling back a little to around $1.75. That’s a solid 50% jump right out of the gate!

And it wasn’t long after the airdrop went live that KAITO got listed on all the major crypto exchanges. Within just an hour, top platforms like Binance, Coinbase, KuCoin, and Kraken were all offering trading for the token.

Kaito Tokenomics and Future Concerns

Let’s dive into the details of Kaito AI’s tokenomics – how the tokens are distributed. They’ve allocated 10% of the total supply to reward the community and ecosystem contributors, 35% is for the foundation and core team who are building everything, and a significant 32.2% is going towards growing the ecosystem.

Plus, they’ve reserved 2% of the supply for Binance’s Hodler program, which is a smart move to strengthen their relationship with Binance.

However, there’s a future date to keep an eye on: August 20th. That’s when a token unlock is scheduled, releasing 21.84 million KAITO tokens, estimated to be worth around $42 million. With 241 million tokens already circulating out of a total of 1 billion, this unlock could potentially dilute the market.

What’s Next for Kaito Price

So, what’s next for the price of KAITO? While the initial launch has been really encouraging, some market watchers are predicting we might see a price correction in the coming weeks – it’s crypto after all!

Interestingly, if you look at KAITO’s price chart, a technical pattern is forming that hints at a possible downturn. It’s called a ‘rising wedge pattern’, and in trading circles, that’s often seen as a bearish sign. If the price breaks down from this pattern, we could see KAITO potentially dropping towards the $0.87 level.

On the flip side, if we’re thinking bullish – for KAITO to hit $5, it would need to jump by around 180% from where it is now. This could certainly happen if it manages to break through the key resistance level at $2 and then confidently push past that psychological barrier at $3.