KAITO tokens experienced volatility, with a 19% decline within 24 hours. According to on-chain data, a total of 25.78 million KAITO are currently staked and locked, corresponding to a market value of approximately $14.16 million. The number of addresses participating in staking has reached 17,754, with an average holding of about 589 tokens per address.
This price drop may be related to platform permission adjustments. It is reported that X platform revoked API access for the InfoFi application, affecting data retrieval and application operations for the project.
It is important to note that staked KAITO tokens require a 7-day waiting period for redemption. This mechanism is designed to lock some liquidity during market fluctuations, which could further intensify short-term price pressure. For staking participants, the current market conditions may influence their subsequent redemption decisions.
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YieldWhisperer
· 10h ago
A 19% drop directly hits, and there's still a 7-day redemption period... Isn't this just the rhythm of being trapped?
The revocation of the API essentially means the project has lost its utility value, no wonder so many people are rushing to redeem.
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NFT_Therapy_Group
· 10h ago
19% decline... It's again the API permission issue. Now, the stakers have to wait 7 days to unstake, which is a bit frustrating.
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Layer3Dreamer
· 10h ago
theoretically speaking, if we model the staking mechanism as a recursive liquidity constraint... the 7-day unbinding period is basically a cross-rollup state verification nightmare. 25.8M KAITO locked in this suboptimal equilibrium while X pulls the API rug? that's not market pressure, that's a liquidity bridge collapsing in real-time ngl
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AirdropHunterXM
· 10h ago
19% decline... This move hurts a bit, the brothers who staked are probably regretting it now.
X revokes API permissions, this move is ruthless, directly cutting off the supply.
A 7-day redemption period is really outrageous, isn't it essentially locking people in?
To put it simply, it's still the old trick of liquidity exhaustion. Don't mess around anymore, everyone.
KAITO tokens experienced volatility, with a 19% decline within 24 hours. According to on-chain data, a total of 25.78 million KAITO are currently staked and locked, corresponding to a market value of approximately $14.16 million. The number of addresses participating in staking has reached 17,754, with an average holding of about 589 tokens per address.
This price drop may be related to platform permission adjustments. It is reported that X platform revoked API access for the InfoFi application, affecting data retrieval and application operations for the project.
It is important to note that staked KAITO tokens require a 7-day waiting period for redemption. This mechanism is designed to lock some liquidity during market fluctuations, which could further intensify short-term price pressure. For staking participants, the current market conditions may influence their subsequent redemption decisions.