Kaito Token Tanks After X Bans Crypto Reward Apps Amid AI-Generated Spam
Kaito Token Plummets as X Revokes API Access for Crypto Reward Apps
The social network X has blocked third-party applications that paid users in cryptocurrency for their posts, citing rampant AI-generated spam. As a result, Kaito Token dropped nearly 20% from $0.70 to $0.55.
Kaito's founder Yu Hu announced the platform will abandon its Yaps reward system entirely and replace it with a new marketing product called Kaito Studio.
The token currently trades about 80% below its all-time high of $2.88, reached in February 2025. Trading volume surged 115% to $138.5 million as the price collapsed.