New data from the market intelligence firm IntoTheBlock reveals that the long-term growth of an artificial intelligence (AI)-focused altcoin is on track.
In a new thread on the social media platform X, IntoTheBlock says the numbers show that AI project Kaito (KAITO) – which had its highly anticipated token launch earlier this year – is primed for long-term growth despite users pulling profits from its initial airdrop.
“KAITO was among the most anticipated token launches this year, but is the excitement holding up? Currently, about 41,800 addresses hold a balance, many established during the initial airdrop. While over 90,000 addresses were created in a single day, around 55% emptied out immediately, likely capturing airdrop profits.
Even so, momentum remains solid: on average, 1,800 new addresses are added daily, and the adoption rate exceeds 30%. This steady influx of users suggests that KAITO’s long-term growth story is still unfolding.”
Kaito, an information finance (InfoFi) protocol, aims to solve the issue of fragmentation within the crypto space by using AI. Fragmentation happens within the crypto world when markets become increasingly divided by different blockchains, leading to separate sets of standards and a lack of interoperability.
“By indexing thousands of sources – across social media, governance forums, research, news, podcasts, conference transcripts, and more – and combining this with proprietary search algorithms, semantic LLM (large language model) capabilities, and real-time analytics, Kaito Pro streamlines access to high-quality, actionable insights in the crypto space.”
KAITO is trading for $1.64 at time of writing, a 1.7% increase during the last 24 hours.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
