The token later recovered part of its losses to trade at $1.1062, according to OKX market data.
KAITO fell more than 16% during the day, dropping to an intraday low of $0.9667 before trimming some of the decline. The token was last quoted at $1.1062, based on market data from OKX. The move points to sharp short-term volatility in the token's trading session.