Kaito Token Plummets 20% After X’s InfoFi Ban Disrupts Core Utility
The Kaito token faced a brutal selloff, shedding over 20% of its value within hours after X's abrupt ban on reward-for-posting InfoFi applications. This MOVE severed the token's primary demand mechanism, sending its price crashing through the critical $0.70 support level to trade at $0.5444.
Market participants now question whether Kaito can reinvent its utility framework. Unlike typical corrections, this plunge reflects structural damage—the token's value proposition was inextricably linked to now-defunct engagement incentives. Technical charts show clear distribution patterns, with no immediate signs of stabilization.
What began as a niche crypto experiment now faces an existential reckoning. Tokens built on single-point utility models remain vulnerable to platform policy shifts—a lesson Kaito investors learned the hard way today.
