In just 10 days, the price dropped 74%. As soon as the new staking policy was announced, KAITO was directly hammered from $1.37 down to $0.35. This gets interesting—pull up the price before unlock, let the news come along, and then announce the new staking policy to start the dump. The project team’s moves in this round clearly play regular retail investors like a fiddle.
The key isn’t how much the price falls, but that on August 18, tokens representing 7.6% of the total circulating supply are set to be unlocked. Who will buy up all these low-cost coins? On-chain, whales have already been spotted moving tokens into exchanges. The funding rate has dropped to -0.07%, shorts account for 61%, and the market is voting with its feet.
But don’t rush to write it off. Axis Robotics’ official X (Twitter) account has announced the listing of Kaito, which might mean they’re planning social “farming” for an airdrop—but Kaito’s official team hasn’t confirmed yet, so it’s only a potential positive that still needs verification.
So the question is: after this parabolic-style decline, is it a bargain-buy opportunity—or is the project team going to use a new story to slice investors one more time?
The key isn’t how much the price falls, but that on August 18, tokens representing 7.6% of the total circulating supply are set to be unlocked. Who will buy up all these low-cost coins? On-chain, whales have already been spotted moving tokens into exchanges. The funding rate has dropped to -0.07%, shorts account for 61%, and the market is voting with its feet.
But don’t rush to write it off. Axis Robotics’ official X (Twitter) account has announced the listing of Kaito, which might mean they’re planning social “farming” for an airdrop—but Kaito’s official team hasn’t confirmed yet, so it’s only a potential positive that still needs verification.
So the question is: after this parabolic-style decline, is it a bargain-buy opportunity—or is the project team going to use a new story to slice investors one more time?