#KITE
$KITE @GoKiteAI
I took a look at KITE, and this AI payment L1 story is indeed quite interesting. The price level of 0.103 seems to be a good observation point.
From a technical perspective, the x402 standard set of proxy authentication addresses the trust issues between AI agents. The backing of PaPal Ventures indicates that there is considerable imagination space for payment scenarios. TVL has risen from 200M to 400M, and on-chain activity has indeed surged after the DevConnect summit.
But this pullback is quite severe, dropping from 0.193 ATH to the current 0.103, a 46% retracement. However, I checked the on-chain data, the staking rate is 20%, the proportion of large holders is decreasing, and retail investors are entering the market. This distribution structure is still relatively healthy.
Futures OI 20M USD, long position 63%, the rate is slightly positive, bulls are quietly accumulating. Combined with SBT airdrop and Pieverse integration, the community base is still expanding.
The narrative of AI agency payments is indeed a new track. If the mainnet can really go live in Q1, combined with the overall environment of AI capital inflow, the target of 0.15 should not be considered too aggressive.
However, the unlocking pressure in December is still there. It is recommended to build positions in batches, rather than all at once.