Kaito Token Unlock for August 20 Fit Make Market Shake Because of Airdrop Talk
On August 20, Kaito go unlock 9.67% of im circulating supply, wey fit cause worry say people go sell plenty and market go dey volatile. People talk say Kaito fit do second airdrop wey go join Yaps or staking to make holders happy and to reduce wahala from the token unlock. Since late July, KAITO price drop from $1.66 to $1.09, na drop of over 35%, before e come climb small to around $1.14 now. RSI enter oversold area and e dey near 32, meaning short-term correction fit happen. If no airdrop happen, traders suppose prepare for price go drop, fit test $0.80 level. If airdrop get holding or staking rules, e fit make people hold their token, reduce sell pressure. No matter wetin, token unlock go cause more price movement. Market people suppose dey watch on-chain activities and staking metrics to sabi if airdrop fit happen and market mind.
Bearish
Token unlock events dem, like how Kaito release almost 10% circulating supply, dey normally trigger sell pressure as early investors fit dey realize gains. Similar unlock dem for UNI and AAVE in 2021 cause short-term price fall. Even though say rumor for Kaito airdrop wey relate to Yaps or staking fit make holders hold their tokens, di uncertainty about di time dey shake confidence. Recent price movement – wey drop from $1.66 to $1.09 followed by small rebound – show say bearish momentum dey, and di oversold RSI wey near 32 mean say price fit fall more. Traders suppose prepare for increased volatility and possibility say e go test $0.80 level. For long term, Kaito fundamentals and engagement metrics fit steady market, but immediate outlook still bearish till after unlock and any airdrop announcement wey fit give clearer sentiment signal.