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Kaito Dune Data Reveals $14.16 Million in KAITO Staked Amid 19% Decline

Kaito Dune Data Reveals $14.16 Million in KAITO Staked Amid 19% Decline

KAITO token plunged further after Kaito announced the end of its Yaps program, compounding prior volatility tied to API access loss and large transfers.

KAITO

Fact Check
The statement's key claims are strongly and consistently corroborated by a majority of the highly relevant and authoritative sources. Three separate sources (blockchain.news, techflowpost.com, and ainvest.com) explicitly confirm both the staking value of approximately $14.16 million (equating to 25.8 million tokens) and the 19% price decline. Furthermore, the blockchain.news article directly attributes this data to the 'Kaito Dune dashboard', validating the origin mentioned in the statement. Another high-authority source (Binance) reports a very similar price drop of 20%, which further strengthens the claim.There is one minor contradiction from a CoinGecko social media post, which cites a lower price decline of 13.6%. However, this single data point is outweighed by the consensus among the other, more detailed news reports. Such discrepancies in price reporting are common in volatile crypto markets and can be attributed to different data capture times. Given that multiple independent sources confirm the specific figures for both staking and the price decline, the statement is assessed as very likely to be true.
Summary

Kaito’s KAITO token fell as much as 24% on Friday after the team announced the termination of its Yaps program. This drop comes after the X platform revoked InfoFi API access on Jan. 16, which had already reduced the token’s market cap to about $160 million amid community concerns over prior large transfers. Earlier, Kaito’s multisig wallet moved 24 million KAITO, including 5 million to Binance, sparking speculation of advance knowledge before the API ban. The token has also dropped below a key descending trendline, exposing it to further potential losses. Previously, Dune analytics indicated 25.8 million tokens staked, worth $14.16 million across 17,754 addresses with a 7‑day redemption period.

Terms & Concepts
  • Staking: Locking cryptocurrency in a network to earn rewards or participate in governance.
  • Redemption period: The required time a staker must wait before unstaking and withdrawing funds.
  • Dune: A blockchain analytics platform used to track and visualize on-chain data.