Kite AI Debuts at $0.165 on Binance Perpetual Contracts

KITE’s spot price on Binance fell from $0.11 to $0.095, giving it a $167 million market cap and $929 million fully diluted valuation.

Summary

KITE opened trading on Binance at $0.11 on November 3 before declining to $0.095. The token’s market capitalization is currently $167 million, while its fully diluted valuation stands at $929 million based on its total supply. This latest market activity follows its earlier debut in Binance perpetual contracts at $0.165 and reflects ongoing price adjustments since listing.

Terms & Concepts
  • Fully Diluted Valuation (FDV): The total market value of a cryptocurrency if all tokens in its maximum supply were in circulation.
  • Token Supply: The total number of cryptocurrency tokens that will ever exist, as determined by the project's issuance policy.