The KAITO token surged rapidly in the past two days, rising from $1 to $1.38, an increase of 38%, becoming a standout new star. What caused KAITO's rapid rise?

It turned out that the new token Mira was listed on Binance on the 26th, and users who received the token through airdrop gained nearly 14% returns. This increased user participation in staking and new token applications, thus increasing the demand for KAITO tokens. As a result, KAITO tokens have seen a significant rise recently.

Although the secondary market is currently weak, the airdrop and new token application market is very hot. As one of the current popular new token platforms, is this big rise just the beginning?

Project Basic Introduction:

Kaito Al is building an AI-driven InfoFi network that allows the market to reallocate attention and capital more efficiently, while rewarding all participants.

In simple terms, many KOLs can post project content on Twitter, and they can get project token quotas based on their ranking. This not only promotes the project but also allows early users to gain benefits, which is commonly referred to as "mouth farming." Recently, many new tokens have been popular, and staking KAITO tokens can efficiently obtain new token quotas.

The project is built on the BASE chain. The BASE ecosystem has been very active, and it has stated its intention to issue tokens, which is one of the reasons the project has continued to strengthen this year.

Token Unlocking

After 22 days, 8.35 million tokens will be unlocked, accounting for about 3% of the current circulating supply. Looking at the token unlocking chart over the next few years, the unlocking will accelerate after February next year. Currently, the overall pressure from token unlocking is relatively limited.

Market Analysis

Currently, since yesterday afternoon, the volume has surged and broken through the bottom range, combined with the high project popularity, it is likely a genuine breakout; however, it faces resistance in the short term, so chasing the high is not advisable;

Key support is between 1.1-1.2. If it holds, a direct breakthrough is expected. After the daily line remains above 1.4, it may challenge the previous high around 1.7-2.4;

Looking at the spot market, it has formed a base multiple times around 0.9. In the weekly chart, there was a large-scale extreme retracement expectation of 0.9. If it recovers, it is still optimistic.

Author: Aaron, ChainThink