According to Dune Data: Kaito May Be Under Concentrated Unstaking Pressure, 23M KAITO Potential Selling Pressure Is Forming
According to Dune Analytics data, Kaito is facing significant and concentrated unstaking pressure, with approximately 8 million KAITO tokens currently in the unstaking cooldown queue—representing nearly 33% of the total staked supply. A large portion of these tokens (around 6.95M KAITO) is set to be released within 48 hours on January 22–23, indicating a sharp, risk-off exodus rather than normal staking rotation.
This initial wave may trigger a negative feedback loop: if token prices decline under selling pressure, the remaining ~24M staked KAITO could also be unstaked, leading to a cascading sell-off. Compounding the pressure, a team and investor token unlock of ~33.09M KAITO (worth ~$13.62M) is scheduled for February 20.
The situation is further aggravated by a recent blow to Kaito’s core business model: X (formerly Twitter) banned incentive-driven posting applications, prompting Kaito to suspend its Yaps service and causing a ~20% price drop.
In summary, Kaito is entering a sustained period of selling pressure with no clear demand catalyst in sight. Market participants should prepare for near-term volatility, mid-term unlock overhangs, and potential downward spirals in both sentiment and price.
marsbit01/23 10:21
