KAITO Token Rises 75% Despite Post-Airdrop Sell Pressure - Crypto Economy

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KAITO Token Rises 75% Despite Post-Airdrop Sell Pressure - Crypto Economy

TL;DR KAITO experienced a 75% growth in its first 24 hours after the airdrop, reaching $1.87 and surpassing $453 million in market capitalization. Crypto influencers like Anthony Sassano sold their allocations, sparking debate over selling pressure and token distribution. On-chain investigations revealed that 43.3% of the total supply is allocated to insiders, raising concerns about the project’s long-term sustainability. The KAITO token has su…