InfoFi Kaito Token Reaches $1.9 Billion FDV Following Airdrop to the "Yapper" Community

InfoFi Kaito's KAITO token has reached a fully diluted market capitalization (FDV) of $1.9 billion following its airdrop to the "yapper" community and exchange listing on Thursday.

Airdrop and Token Distribution
Kaito is a platform that tracks posts from influential individuals in the crypto community on X, helping to aggregate the most discussed topics. Over the past three months, the platform has rewarded individuals with highly engaged posts using the "yapper" language. The latest airdrop distributed KAITO tokens to these users.

KAITO has a total supply of 1 billion tokens, of which:

- 10% were allocated to the community prior to the listing and airdrop

- 24% of the supply is circulating on centralized exchanges (CEX)

Data from Dune Analytics shows that 29.21% of the total supply has been claimed, with 71,929 accounts participating. Over 3.8 million KAITO tokens from the airdrop have been staked.

The majority of airdrop participants received less than 50 KAITO, but one individual wallet, “0x433 … e5786,” received as much as 560,000 tokens, worth over $1 million at current prices.

Selling Pressure and Price Recovery

Following the airdrop, several influential individuals in the community divested from the KAITO tokens they received. According to Arkham Intelligence:
- Crypto analyst Zion Thomas (Ansem) sold all of his $230,000 worth of KAITO
- Helius Labs CEO Mert Mumtaz sold 80% of the $340,000 worth of KAITO he received
- Anthony Sassano, a prominent figure in the Ethereum community, sold all of his $185,000 worth of KAITO

These large sales caused the price of KAITO to drop from $1.40 to around $0.90 in the hours after the airdrop. However, the token quickly recovered and is currently trading at $1.96 as of 6 a.m. ET.

The fact that KAITO has maintained its high price despite strong selling pressure from influential individuals shows the platform's appeal to the crypto community.