Unlike highly anticipated airdrops such as Berachain and Pi Network, which were expected for years, KAITO’s airdrop caught many users by surprise. The token was launched by a crypto analytics platform with the same name.
On-chain data shows that top claimers quickly sold off their tokens, leading to strong selling pressure and bearish sentiment. However, if KAITO can regain community trust and capitalize on its plans to tokenize social media content, it may recover from its recent lows and challenge key resistance levels.
KAITO Top Addresses Already Sold Almost All Their Coins
On-chain data for KAITO reveals that the users who claimed the biggest quantities of the coin are no longer holders, indicating strong selling pressure shortly after the airdrop.
Notably, the top 12 claimers received approximately $2.1 million worth of KAITO, but 10 of them have already sold at least a portion of their tokens, and 7 have fully exited their positions.
KAITO Top Addresses Stats. Source: Dune.
Only 3 out of the 12 decided to stake their coins, reflecting a cautious approach toward long-term commitment.
This selling trend among the largest claimers suggests a lack of confidence in the token’s long-term value or a strategic move to secure profits following the initial distribution.
Claimers Are Not Holding Their Positions
The broader on-chain activity shows a similar pattern, with 76.7% of all users who claimed KAITO experiencing a balance decrease.
Although not all of them sold their entire holdings, the majority reduced their exposure, indicating a cautious or profit-taking sentiment.
KAITO Balance Change Distribution. Source: Dune.
Conversely, 22% of the claimers have not moved their tokens, reflecting strong holding conviction, while only 1.3% increased their holdings, showing minimal accumulation interest.
This distribution pattern suggests that the community’s criticism of KAITO’s tokenomics and airdrop approach might have influenced users’ behavior.
The low accumulation rate combined with the high selling pressure indicates a bearish outlook. The market sentiment appears to be more focused on short-term gains rather than long-term value appreciation.
KAITO Price Prediction: Will KAITO Recover From Recent Lows?
If KAITO can restore community confidence and generate interest through its plans to tokenize social media content using artificial intelligence, its price could continue recovering from the recent lows.
KAITO was hard hit in the first hours after its launch, as was the case with many recent airdrops, such as Berachain. If it can recover from the recent strong selling pressure, it could test $1.5 or even $2 very soon.
KAITO Price Analysis. Source: TradingView.
However, if selling pressure persists, it could face further declines, especially as Dune data shows that less than 30% of the total KAITO supply has been claimed so far.
This indicates that a significant portion of the tokens could still enter the market. That could potentially increase selling pressure and push prices lower.
If this scenario happens, KAITO could test the support at $0.89. If that level is breached, the price could drop below $0.8 or even $0.7.
