Was looking through the @KaitoAI dune dashboard and spotted something interesting
Between Oct 8 and Oct 14:
• Staked $KAITO grew from 37.06m to 37.17m
• Number of stakers dropped from 25,066 to 19,907
So total tokens staked went up, but the number of stakers went down
That likely means smaller stakers have been unstaking, while larger ones are adding more tokens.
It's not surprising, given that recent Kaito Eco reward distributions require at least 5k KAITO staked, which is a threshold that makes it not feasible for smaller stakers
September is closing strong for @KaitoAI:
• staked KAITO hit a new ath of 32.6m
• Price action has been positive
• Yapybarra NFTs are up significantly
What i think is driving it:
> the recent wave of airdrops
> Capital Launchpad allocation boosts for sKAITO and nft holders
> the ongoing @trylimitless raise
Overall, it feels bullish for the Kaito ecosystem. But this is crypto; today’s hype can easily turn to fud
If you’re bullish on Kaito, the best entries are on the red days when everyone else has gone quiet. I don't buy when ppl are bullish unless there is some other catalyst
@KaitoAI At the current price of $1.12 per KAITO, that’s about $5.6k
That's quite a big sum for most small users
1.09K
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