Key Highlights
- KAITO jumps nearly 120% in a month, rising from below $0.50 to around $1.25 as investor interest and market activity grow.
- Retail traders and futures activity fueled the rally, with open interest climbing from $56 million to $153 million as more traders entered the market.
- Speculation over a possible X partnership boosted momentum, helping KAITO surge 16.48% in one day.
KAITO, a native utility token of the Kaito InfoFi network, has recorded one of the strongest rallies in the crypto market this month, climbing nearly 120%. The token rose from below $0.50 at the beginning of the month to as high as $1.30 before settling.
At the time of writing, the token was trading at $1.26, with gains pushing its market capitalization to about $302.33 million. Growing investor interest has also pushed the number of token holders above 415,260.
KAITO gained strength little by little as buying activity increased throughout the month. As more traders noticed the price move, interest in the token continued to grow, bringing higher trading activity across both the spot and futures markets.
According to the data from Coinglass, exchange flow data from the past 30 days also shows that large amounts of money moved through the token during the rally.
During the period, KAITO recorded exchange inflows of $160.56 million and outflows of $143.82 million. This left a net inflow of $16.74 million, representing a 2,614.76% increase with a 5.6% exchange flow ratio. This shows that the token saw high trading activity over these 30 days as more investors became active.
What influenced the price surge?
Several factors contributed to KAITO’s rally this month, with growing participation from retail investors emerging as one of the primary drivers.
The rally also attracted more traders into the derivatives market. According to CoinGlass, open interest increased from about $56 million when KAITO was trading for around $0.59 on July 1 to roughly $153 million at the current price.
During the first week of the month, the token saw a surge of about 14% driven largely by increased buying activity across the market.
The rally continued as retail traders became the main force behind the price movement. Data from CoinGlass whale-retail delta data showed retail investors overtook whales for the first time since Jan. 14. For most of the year, whale investors had controlled the market, but that changed this month as smaller traders took over and helped push the token higher.
Open interest in perpetual futures surged 15% in a single day at one point, reaching $122 million. The funding rate also stayed positive at 0.0021%, although it eased from 0.0039% recorded on July 18.
X partnership extends the rally
KAITO’s strongest rally came on July 27, when the token gained about 16.48% in just 24 hours. Trading volume also climbed roughly 128% to around $103.9 million during the same period.
At the time, this move was linked to speculation that KAITO could announce a new data agreement with X after several crypto analysts pointed to the possibility.
That speculation was confirmed today after Kaito AI introduced Kaito Katalyst, a new reward platform that allows projects to pay creators based on the results they generate, including clicks, sign-ups, deposits, and in-platform activity.
The company said the platform is powered by its data agreement with X, as well as its verification architecture with Brevis and its own attribution technology.
According to the company, it spent the past two months testing Kaito Catalyst and AI labs, consumer AI apps, smart hardware companies, and businesses across the crypto and finance sectors. Several projects are already testing this product, while others are expected to launch soon.
Shortly after the announcement, the token rallied again, gaining around 10%, up from $1.10.
Although its trading activity is down by 23% to around $69.77 million, its current price action still shows that buyers are still active in the market.
Also Read: Why is NEAR Token Price Down Today? $4.54M in Longs Liquidated
