Key Takeaways:
- Kaito AI signed a formal data agreement with X on July 23
- The deal reverses January API restrictions that sent KAITO down 20%
- KAITO has a market cap of about $250 million as of late July
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Kaito AI secures X data deal after API restrictions cut token 20%
Kaito AI secured a formal data agreement with X on July 23, reversing API restrictions that sent the KAITO token down 20% in January.
The agreement gives Kaito official access to X's data firehose, supporting use cases tied to its InfoFi platform that turns social media chatter into structured intelligence for crypto traders, according to a company statement. Specific product details are expected in the coming weeks.
Kaito was founded in Seattle in 2022 by Yu Hu and has raised more than $10.8 million from investors including Dragonfly Capital, Sequoia Capital China and Jane Street. The KAITO token launched on Feb. 20, 2025, and had a market capitalization of about $250 million as of late July. On July 20, roughly 17.8 million tokens — 1.8% of total supply valued at about $16.7 million — unlocked, including 6.94 million tokens allocated to core contributors.
The data agreement removes a major overhang on the KAITO token. The January API restrictions forced Kaito to pivot away from its "Yaps" rewards program and reorient around a new product called Kaito Studio. In February, the company partnered with Polymarket to launch "attention markets," which quantify social trends and let users trade on them. The X deal gives Kaito a competitive moat over rivals such as LunarCrush and Santiment, which lack a direct data agreement with the platform. For token holders, the formal agreement reprices platform risk lower after the market priced in a 20% drawdown in January.
This article is for informational purposes only and does not constitute investment advice.
