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Let's look at the market reaction to X's developer API policy change.
X recently revamped its API usage policy. The key change is restricting API access for applications that provide rewards to users. This policy shift immediately impacted the cryptocurrency market.
Kaito tokens were hit the hardest. Since the policy announcement, Kaito has plummeted over 15%. Platforms that relied on user reward systems have lost their API foundation, leading to a reassessment of ecosystem value.
This incident demonstrates how quickly social media platform policy changes are reflected in the market value of Web3 projects. It is important to monitor the future relationship between API policies and token prices.