KAITO Takes a Dive as X Cracks Down on InfoFi Apps
What Happened to KAITO?
Well, folks, it’s not the best day for KAITO—the star of the InfoFi protocol. In a surprising twist, the token took a nosedive of 20%, tumbling from $0.7 to $0.56. Ouch! Talk about a rollercoaster ride! This steep drop came after X (you know, the social media giant) declared war on apps that are all about rewarding users for their posts.
Bye-Bye, Yapybaras!
If you thought KAITO was the only casualty, think again! The aftermath also hit the Yapybaras, those adorable fellows from the Kaito Genesis NFT collection. Their floor price plummeted by over 50%, landing at a measly 0.21 ETH. Can someone get these Yapybaras a drink? They need it!
X’s Game Plan
Nikita Bier, the Head of Product over at X, took to his X account (because where else?) to announce this crackdown. He declared, “We’re changing up our API policies. No more apps that reward posting on X (that’s the so-called ‘infofi’). It’s been the breeding ground for a load of AI nonsense and spam replies!” Sounds like someone woke up on the wrong side of the bed!
Farewell to the Bots
Bier reassured everyone that the user experience should be getting a lovely upgrade soon. Apparently, once the bots realize they can’t earn their pocket money anymore, the spam should start to disappear. Hallelujah!
To the Developers
And if you’re one of those developers whose account got the boot? Don’t sweat it! Bier promised help for those in need of transitioning to new platforms like Threads and Bluesky. Just give them a shout, and they’ll lend a hand!
Stay Tuned!
And there you have it, folks! We’ll keep our ear to the ground for more updates on this saga. Who knows what else is brewing in the world of KAITO and friends!
Note: This story is developing, so keep those eyes peeled!