Community questions whether Kaito or someone else had prior knowledge of the API ban. Two weeks ago, 24 million tokens were distributed through multi-signature, and some of the tokens were sold off.

GateUser-6433627c · 2026-01-16T04:13:17+00:00

On January 16th, Platform X revoked API access for the InfoFi app, causing Kaito tokens to plummet over 18%, with market capitalization dropping to $160 million. The community questions whether the Kaito team may have had prior knowledge and sold off accordingly. Additionally, 1.1 million KAITO tokens will be unlocked tomorrow, with a staking period of 7 days.

GateUser-6433627c

2026-01-16 04:13:17

Abstract generation in progress

On January 16, X Platform revised its rules last night, revoking InfoFi application’s API access. As a result, Kaito platform tokens plummeted. As of the time of writing, KAITO has dropped over 18% in the past 24 hours, with a market cap falling to $160 million. Notably, the Kaito multi-signature contract address distributed a total of 24 million KAITO to 5 addresses two weeks ago, approximately $13.31 million. On January 9, one of the addresses that received 5 million KAITO, worth about $2.82 million, transferred all of it to a CEX. The community suspects that the Kaito team may have learned in advance about the API access restriction and chose to sell part of their holdings. Additionally, 1.1 million KAITO tokens will be unlocked tomorrow, and the KAITO unstaking period is 7 days.

KAITO1,39%

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