KAITO crashes 68%, erases its July rally – What went wrong?

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KAITO AI token plummeted more than 68% in fifteen days, fully erasing gains from its July rally that had pushed the price from $0.40 to $1.37. Daily trading volume collapsed from $84 million to $25 million in four days, while Total Value Locked (TVL) fell from $21.9 million to $8 million. On August 13 alone, more than $3 million were withdrawn from the ecosystem, with long liquidations reaching $1.25 million against only $198,000 for short positions. The price is now approaching the key support level of $0.40; if this level breaks, the next support lies at $0.266, its 2026 low.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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