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X revokes API, KAITO plummets 19%, 25M staked tokens forcibly shrink
【BitPush】On-chain monitoring data shows that after platform X revoked API access for the InfoFi application, the KAITO token dropped 19% within 24 hours.
According to the latest statistics from the Kaito Dune dashboard, over 25.79 million KAITO tokens are currently staked and locked, with a value of approximately $14.16 million. The number of addresses participating in staking has reached 17,754, with an average stake of 589 tokens per address.
It is important to note that this portion of staked KAITO has a 7-day redemption waiting period. This means that users who want to withdraw their staked tokens are already facing an actual loss of 19%, and cannot cut losses promptly during the waiting period. Once the unlock period is over, the actual purchasing power of these tokens will significantly diminish.