$KITE is, in my opinion, the most worth writing about on its own among this batch—because the investment stakeholder list and its exchange risk tags together tell a story from two directions.

First, take a look at the project. Kite is building the “payments and identity layer for AI agents.” Its former name was Zettablock. Technically, it’s a PoS, EVM-compatible L1, with the mainnet running as an Avalanche sovereign chain. Its product line includes Kite Chain, Agent Passport (agent identity), and the Agent App Store, integrating machine payment protocols from x402, Google AP2, and Stripe, as well as Anthropic’s MCP standard. It is a member of AAIF under the Linux Foundation. It currently has over 90 service providers onboarded, and PayPal and Shopify are running pilots. Testnet data shows 1.9 billion agent interactions and 300 million transactions.

The team has real names that can be verified. CEO Chi Zhang is an AI PhD from UC Berkeley and previously worked at Databricks; CTO Scott Shi has worked at Uber and is one of the founding engineers of Salesforce Einstein AI.

The funding was a Series A round on September 2, 2025, totaling $18 million. PayPal Ventures and General Catalyst co-led the round, with participating follow-on investors including 8VC, Samsung Next, Avalanche Foundation, LayerZero, Animoca, Hashed, and HashKey. This list comes from PayPal’s official press release, so it has high credibility.

Then there’s what I want to remind you about. When Binance launched it on November 3, 2025, the original announcement explicitly stated, “The Seed Tag will be applied to KITE”—meaning Binance assigned it a seed tag for a high-risk new project. Its tags are now Seed, AI, and Launchpool.

So there’s a contrast here: on one side, backing from PayPal-linked capital, a team with real-name verification, and a real product; on the other, the exchange believes its volatility and risk are higher than those of ordinary listings. These two things aren’t contradictory—what the Seed tag measures is market risk, not project quality. But it does mean that out of the total supply of 10 billion tokens, only 1.8 billion were circulating at launch, with the remaining 82% still to come.

In terms of valuation, using CoinGecko’s figures: circulating supply of 239.1 million tokens, market cap of $328 million, fully diluted valuation of $137 million, ranking #138. The historical all-time high of $0.319747 occurred on March 6, 2026; it’s now 57% below that point.

Milestones: the mainnet will be launched on Avalanche by the end of April 2026; on September 18, 2026, it announced a partnership with Circle, using Arc and USDC for settlement.

There’s a data discrepancy I’ll state plainly: cumulative funding amounts. PayPal’s press release says $33 million, while the company’s own releases and official documents say $35 million. Whether Coinbase Ventures participated is also inconsistent between the two sources. I haven’t chosen between them.

Today it’s up 16.7%. The long/short ratio for large holders is 4.26, but the active buy/sell ratio is only 0.875.

This article compiles publicly available information and personal opinions and does not constitute any investment advice. Data comes from exchange announcements, PayPal’s official press releases, and the project’s official documentation; there may be delays or errors. Please verify independently.