【BitPush】On-chain monitoring data shows that after platform X revoked API access for the InfoFi application, the KAITO token dropped 19% within 24 hours.
According to the latest statistics from the Kaito Dune dashboard, over 25.79 million KAITO tokens are currently staked and locked, with a value of approximately $14.16 million. The number of addresses participating in staking has reached 17,754, with an average stake of 589 tokens per address.
It is important to note that this portion of staked KAITO has a 7-day redemption waiting period. This means that users who want to withdraw their staked tokens are already facing an actual loss of 19%, and cannot cut losses promptly during the waiting period. Once the unlock period is over, the actual purchasing power of these tokens will significantly diminish.
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PonziWhisperer
· 01-18 21:45
Another good show, X slashed down with one strike, KAITO's people must be dumbfounded haha
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7-day lock-up period and still watching it drop 19%, this is the most brutal
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Staking this thing has never been good, really
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141.6 million USD directly shrank, just thinking about it hurts
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This is called passive stop-loss, friends, no choice
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Dare to take API permissions, it seems X has no real interest in these project teams either
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17,754 addresses are all throwing a tantrum, wait until they unlock and cry then
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Information asymmetry kills, those who knew early got out early
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KAITO's recent situation can be considered a slap in the face by policy, no one to blame
View OriginalReply0
SerumDegen
· 01-16 03:35
bruh 25m tokens locked for 7 days while watching -19% cascade in real time... that's not a stake that's a hostage situation ngl
Reply0
NotGonnaMakeIt
· 01-16 03:31
Another story of an API being cut, with 17,754 people waiting for the redemption period to end... It feels a bit uncomfortable.
View OriginalReply0
RumbleValidator
· 01-16 03:28
Once API permissions are cut off, the staking mechanism becomes a trap. 17,754 addresses are stuck for 7 days, and the design logic itself is flawed.
View OriginalReply0
metaverse_hermit
· 01-16 03:24
Damn, the API suddenly plummeted by 19%. The over 17,000 people who staked are probably unable to sleep now.
X revokes API, KAITO plummets 19%, 25M staked tokens forcibly shrink
【BitPush】On-chain monitoring data shows that after platform X revoked API access for the InfoFi application, the KAITO token dropped 19% within 24 hours.
According to the latest statistics from the Kaito Dune dashboard, over 25.79 million KAITO tokens are currently staked and locked, with a value of approximately $14.16 million. The number of addresses participating in staking has reached 17,754, with an average stake of 589 tokens per address.
It is important to note that this portion of staked KAITO has a 7-day redemption waiting period. This means that users who want to withdraw their staked tokens are already facing an actual loss of 19%, and cannot cut losses promptly during the waiting period. Once the unlock period is over, the actual purchasing power of these tokens will significantly diminish.