- KAITO surged a few days after Whale sold 215,113 tokens for cheap.
- The newly launched AI token surged 130% in less than six days.
- KAITO’s market cap grew above $700 million within one week.
A crypto market observer has spotted a notable transaction involving a whale identified as Ansem and the newly airdropped KAITO AI tokens.
In a post on X, the observer highlighted the whale’s liquidation of KAITO tokens worth $206,500, only to miss out on a massive surge a few days later.
284% Surge After Whale Dump
According to the observer’s report, KAITO rose 284% after crypto KOL Ansem cleared the KAITO airdrop. He unloaded all 215,113 tokens for $206,500. This situation shows a lost opportunity. The portfolio could now be worth nearly three times the value from when the whale sold.
Related: KAITO Token Airdrop Launches on Base: Price Impact of ‘Claim Fee’ in Focus
The observer’s report notes KAITO’s recovery followed an initial selloff. That selloff happened after the crypto token’s airdrop claims. KAITO bounced back from a post-listing selloff last Friday to rally significantly. It outperformed the broader crypto market, which is under bearish pressure.
Technical Indicators Point Upward
According to data from TradingView, the newly launched Web3 token bounced off a $1.2656 low last Friday to embark on a consecutive daily surge for the past six days.
The token has cumulatively surged 130% since the drop, reaching a $2.9186 all-time high as of Thursday morning. KAITO’s bullish momentum remains intact despite a slight pullback that saw the crypto token trade for $2.7140 at the time of writing.
Market Cap and Volume Spike
In the meantime, KAITO’s market cap surged above $700 million in the early hours of Thursday before pulling back to $655 million as of press time. The crypto asset’s intraday volume surged 189%, surpassing $2 billion, per CoinmarketCap’s data.
Related: KAITO (KAITO) Price Prediction 2025-2030: Future Outlook and Expected Growth
Many analysts believe KAITO’s rapid adoption highlights the increasing appeal of AI projects for digital asset investors. It’s important to note that the AI sector is developing into a major niche in the tech ecosystem. Individuals, governments, and institutions have demonstrated considerable interest in the fast-growing and game-changing AI sector.
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