Last year at this time, Kaito suddenly exploded in popularity, and new concepts like InfoFi and Mindshare flooded the entire community. Many people jumped on the bandwagon, tweeting with related hashtags, making them appear very professional. That wave of enthusiasm indeed drove some local market trends.

But as time went on, things started to change. Project teams discovered that the airdropped tokens were being heavily sold on the secondary market; ordinary users, although participating in community activities, found it difficult to truly profit, repeatedly enticed by promises of rewards but constantly disappointed; meanwhile, Kaito itself gradually became marginalized and lost its voice.

The result was that every role in this ecosystem became exhausted. Project teams, users, platforms—no one made any money. Worse still, the information flow of users who chose not to participate was severely polluted.

Eventually, the X platform imposed strict restrictions on such content. The $KAITO token subsequently plummeted. Some might say this is satisfying, after all, those false booms are bound to end. This change might be an opportunity for the entire community to reflect on over-marketing and bubbles.