$KAITO faces a 241.2 million token unlock over 12 months, nearly matching its circulating supply, as Aura integration removes buyback pressure. 1⃣ Supply overhang: Aura requires no KAITO payment, lock, or burn, and introduces no buyback mechanism. The scheduled release of 241.2 million tokens over 12 months is nearly equal to the then-circulating supply, creating a substantial potential sell-pressure overhang. 2⃣ Market context: KAITO trades at 0.3515, up 2.7 percent in 24 hours, but the unlock looms. Meanwhile, spot Bitcoin ETFs absorbed 297.5 million on August 17, recovering most mid-month outflows, with August flows net positive at 777.6 million, supporting BTC and reducing sustained ETF-driven selling. 3⃣ Broader risk: Maya's exploit exposed 10.9 million in pool losses, with 6.4 million in marked value lost, and Strategy's preferred stock trades below par at 94.36, potentially forcing additional MSTR issuance or bitcoin sales, adding to BTC supply overhang. KAITO's unlock is a real overhang, but ETF inflows and BTC strength may soften the blow. How will the market absorb 241.2 million KAITO when Aura doesn't create buying pressure? More daily analysis where this came from, my bio points the way. #Altcoin Season# #Macro Insights#