Platform X strictly controls spam content, COOKIE and KAITO both drop over 14% in 24 hours

GasWrangler · 2026-01-16T00:28:11+00:00

COOKIE and KAITO cryptocurrencies respectively plummeted by 14% and 15% due to X revoking application API access permissions. COOKIE announced the closure of some activities and is trying new operational formats, while KAITO is gradually shutting down old projects and launching new products. This reflects the direct impact of platform policy changes on Web3 applications.

GasWrangler

2026-01-16 00:28:11

Abstract generation in progress

【Blockchain Rhythm】Just now, while monitoring HTX, I noticed a big movement—COOKIE and KAITO both experienced a sharp drop simultaneously. COOKIE fell over 14% in 24 hours, now hovering around $0.0383; KAITO was even more dramatic, dropping over 15% to $0.567.

The reason behind this is actions taken by X. It is understood that X revoked the API access for the “InfoFi” app, aiming to clean up spam content on the platform. This move directly hit these two projects.

Cookie DAO then issued a statement saying they have communicated with the X team. The conclusion is: immediately shut down Snaps and all ongoing activities. However, they haven’t given up completely and are actively negotiating with X, hoping to see if Snaps can continue operating in a new form.

Kaito responded quickly as well. They announced plans to gradually shut down YAPS and the incentive leaderboard, while launching a new product, Kaito Studio, to fill the gap. These projects are considered proactive responses, but investor panic selling has already emerged. This wave clearly shows that platform policy changes have a very direct impact on Web3 applications.

COOKIE-2,19%

KAITO0,01%

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