Kaito’s price has rallied this year and is on the verge of further upside as ecosystem growth accelerates ahead of NVIDIA earnings.
The Kaito (KAITO) token jumped to $2.2367 on Tuesday, May 27, up 227% from its April low. It is now trading at its highest level since March 3, giving the project a market capitalization of $531 million.
According to Dune Analytics, Kaito’s platform metrics continue to strengthen. The number of “yappers” has climbed to 200,000, while annualized revenue has surged to over $32 million.
Additional data shows that the total value distributed has soared to $72.3 million, up sharply from just $12 million in January. TVD represents the total value of rewards distributed to participants within the Kaito ecosystem—a key metric of engagement and utility.
Kaito has also continued reducing its circulating supply. The network has conducted token buybacks totaling $4.02 million. Such buybacks help reduce token supply, which can support price appreciation.
Staking activity has also increased sharply. The number of Kaito stakers now stands at 15,573, up from 4,000 in February. Meanwhile, the total number of staked KAITO tokens has jumped to 23.17 million, up from 3 million earlier this year.
Kaito’s recent rally is also tied to the upcoming NVIDIA earnings report, as KAITO is categorized as an artificial intelligence token. Strong earnings would signal continued momentum in the AI sector, potentially boosting sentiment for related crypto assets.
Kaito price technical analysis
The eight-hour chart shows a strong rebound in Kaito’s price in recent weeks, climbing from a low of $0.6703 to a high of $2.2323.
Kaito has moved above the 25-period Exponential Moving Average and the 61.80% Fibonacci retracement level. It has also formed a bullish flag pattern, characterized by a vertical rally followed by a consolidating rectangle.
A breakout above the upper side of the flag channel would signal further gains, potentially targeting the record high of $2.9157, approximately 35% above current levels. A move below support at $1.90 would invalidate the bullish setup.
