After Listing on Upbit, Kaito (KAITO) Price Has Skyrocketed to 25%!

Jakarta, Pintu News – Kaito (KAITO) experienced a significant increase of 26% after being listed on the Upbit exchange, adding to its list of presence on major crypto exchanges. Check out the full analysis below!

New Achievement: Listing on Upbit

Upbit recently added Kaito (KAITO) to its Korean Won (KRW), Bitcoin (BTC), and Tether (USDT) marketplaces, but deposits are only available through Base-other networks are not supported.

The impact of this listing was significant, KAITO saw a 25% increase on March 5, 2025, trading at $1.82 at press time, with 24-hour trading volume reaching $996 million, up 108%.

While the listing on Upbit is an important milestone for Kaito, it is not the first time the token has been listed on a major exchange. Binance, Coinbase, Kraken, OKX, Gate.io, Bybit, and MEXC have listed KAITO on February 20, coinciding with token generation events and the start of their airdrop campaigns.

Also read: Brickken and Polygon Unite, the Asset Tokenization Revolution Begins!

Market Dynamics and Airdrops

Regarding the airdrop, the top 12 claimants received a total of around $3.3 million worth of KAITO, but 10 of them have sold a significant portion of their holdings, with 8 of them exiting their positions completely soon after the airdrop.

According to Dune Analytics, only 15.7% of airdrop claimants still hold their KAITO tokens, while 83.4% have sold or transferred most of them.

A small number of addresses have accumulated more tokens. This suggests that most Kaito airdrop claimants choose to liquidate their tokens rather than retain them for long-term gains.

Also read: South Korea Tightens Anti-Money Laundering Regulations to Curb Crypto Crime!

Technical Analysis and Price Outlook

Reporting from Crypto,news, regarding the recent price performance, after the late February rally that pushed KAITO to its highest peak on February 27, Kaito experienced a sharp correction, erasing most of its gains.

In early March, Kaito dropped to around $1.50, significantly declining from its peak. Currently, Kaito is trading slightly below its 21-day EMA ($1.86), which acts as its dynamic resistance.

If it manages to break this level, it could signal a potential reversal, while failure to hold could lead to a further decline towards the $1.50 local support level. However, the recent surge in volume, likely due to the listing on Upbit, suggests strong buying pressure with key resistance being in the $2.00-$2.10 range.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. Kaito Price is Up 25% Following Upbit Listing. Accessed on March 6, 2025
• Featured Image: Crypto Times