Are there any friends staking KAITO? Things have been a bit complicated these past few days.



There's a piece of news worth noting—some platform revoked the API access for the InfoFi application, and afterwards, KAITO dropped 19% within 24 hours. This directly affected users participating in staking.

According to on-chain data, currently over 25.79 million KAITO are staked, roughly equivalent to over 14 million USD. More than 17,000 addresses are involved in staking, with an average holding of 589 tokens per address. This scale is still quite significant.

The most heartbreaking detail is this—staked KAITO requires a 7-day waiting period for redemption. In other words, this 19% devaluation has already become a fixed outcome. After the 7-day redemption period, a wave of concentrated selling pressure is likely to follow. How the market will absorb this impact depends on the team's upcoming response strategies. However, judging by yesterday's quick reaction, it seems the team was somewhat prepared.
KAITO-5,11%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
CodeSmellHuntervip
· 01-17 22:57
Whoa, 7 days to unlock? Isn't that just giving time to dump? If everyone runs at once, it might cause a stampede.
View OriginalReply0
LiquiditySurfervip
· 01-16 03:53
Wow, a 7-day redemption period is really incredible. This is basically betting on whether the team can save the situation.
View OriginalReply0
CryptoSurvivorvip
· 01-16 03:52
Damn, the 19% dropped directly... The 7-day waiting period really became a mental torture.
View OriginalReply0
GweiTooHighvip
· 01-16 03:50
Damn, 19% just disappeared like that. The 7-day unlock period is simply a nightmare.
View OriginalReply0
shadowy_supercodervip
· 01-16 03:39
Damn, cutting 19% directly, the 7-day redemption period design is really clever... Everyone who invested an average of 589 tokens is forced to take this hit, hoping the team can stop the bleeding. This is the cost of staking—exchanging liquidity for returns, but in the end, both the returns and liquidity are gone. The removal of the API doesn't seem like a minor incident; it feels like there's more to the story. Waiting to see what happens next; if a mass sell-off occurs, it will really be hard to withstand.
View OriginalReply0
  • Pin