KAI (KAI) rose 12.76% in 24 hours

Gate News Bot news, on September 30, according to CoinMarketCap data, as of the time of writing, KAITO (KAITO) is currently priced at $1.52, having risen 12.76% in the last 24 hours, with a high of $1.67 and a low of $0.95. The current market capitalization is approximately $366 million, an increase of $41.5 million compared to yesterday. Currently, KAITO is ranked 149th in the global Crypto Assets market capitalization.

KAI is a Web3 platform focused on social interaction and content creation. The platform offers the Yapper Leaderboard feature, where users can view the rankings of content creators over various time periods. In addition, KAI also provides features such as staking and airdrops, and has special sections like the Pre-TGE Arena.

Important news about KAIT recently:

1️⃣ Falcon Finance Token Allocation Plan Announced Falcon Finance announced that it will allocate 0.3% of its total token supply to the KAI platform. These tokens will be distributed 50/50 to the top 200 players on the Yap 2 Fly leaderboard and to stakers holding 5000 sKAITO or YT-sKAITO. At the Token Generation Event (TGE), 40% of the allocated tokens will be unlocked, and the remaining portion will be unlocked in the fourth quarter based on the achievement of Falcon badge levels. This initiative may increase the enthusiasm of KAI users and boost platform activity.

2️⃣ KAI price continues to rise trend The price of KAITO has been continuously rising over the past few days. On September 28, KAITO was reported at $1.32, up 26.21% within 24 hours, reaching a peak of $1.41. At that time, the market capitalization was approximately $319 million, an increase of $66.63 million from the previous day. This strong price performance reflects the market's ongoing optimism towards the KAITO project.

3️⃣ The annual yield of the KAI income token YT on the Pendle platform has significantly increased The yield token YT of KAITO has recently seen a significant rise in its implied annualized yield on the Pendle platform, reaching 75.23%, with an increase of over 35% in the past 7 days. The current liquidity scale of this token is approximately 7.36 million USD, with a 24-hour trading volume of 2.9 million USD, reflecting a growth of 862% month-over-month. In contrast, the base APY is only 9.64%. This data reflects the market's optimism about the future development prospects of the KAITO project, which may be one of the important factors driving the rise in KAITO's price.

From a technical perspective, KAI's price has experienced a significant rise over the past few days, breaking through several key resistance levels, demonstrating strong upward momentum. However, investors should remain cautious of potential short-term correction risks.

This message does not constitute investment advice, and investors should be aware of market volatility risks.