Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
KAITO 24-hour plunge of 19%, stakers face a devaluation crisis
【Blockchain Rhythm】The X platform recently revoked API access for the InfoFi app, triggering a chain reaction. The KAITO token subsequently dropped, with a 24-hour decline of 19%.
According to on-chain data, over 25.79 million KAITO tokens are currently staked and locked, valued at approximately $14.16 million, spread across 17,754 staking addresses, with an average of 589 tokens per address. More concerning is that these staked tokens require a 7-day waiting period before they can be redeemed—meaning these tokens have effectively shrunk by nearly one-fifth in the upcoming week.
Market analysts point out that once the 7-day unlock period ends, a wave of selling is likely. However, judging by the team’s recent response speed, it seems they had a plan in place long before. Whether the new strategy can convince the market remains uncertain, but at least it shows this was not an emergency response made on the spot. Over the next week, KAITO’s price performance will be a key focus.