Kaito Rallies 41% as Staked Supply Hits All-Time High

AI-powered data and mindshare tool, Kaito, is one of the strongest-performing tokens in the altcoin market over the last month, boosted by speculation over upcoming features for stakers and continuous buybacks.

The amount of staked KAITO tokens has accelerated over the last month, increasing by 32% to an all-time high of 19.3 million KAITO, worth roughly $36 million. This staked supply represents around 8% of the total circulating KAITO supply.

Kaito’s buyback program has also been accumulating heavily, purchasing 3.5 million KAITO ($6.6 million) off the open market since the beginning of March.

Kaito operates a database that monitors both social and onchain activity, where subscribers and integrated projects can identify users who are aligned with their vision, and potentially reward them for doing so.

The product also measures mindshare, assigning leaderboard spots to different protocols, niches, and ecosystems in DeFi for its users to reference.

While the ecosystem is yet to deliver any singular opportunities for outsized profits, it may present an alternative solution to the airdrop criteria dilemma that many projects face.

In addition to the reduction of liquid supply through staking and buybacks, the overall bullish market has led to increased speculation around the value of staking KAITO.

Kaito founder Yu Hu has teased a new rewards system for stakers, such as “Kaito venture” and additional points and rewards from ecosystem partners such as Virtuals. In the recently announced Virtuals integration, users staking more than 5000 KAITO receive ‘Virgen Points’ that enable participation in the Virtuals ecosystem.

According to a post on X, Kaito claims to be working with 59 different projects within DeFi that may offer rewards to stakers and yappers.