USDJPY
EURUSD
Crypto
Kaito to sunset 'Yaps' as X cracks down on InfoFi apps, token falls 17%
Table of Contents
Key Takeaways (30s Read)
Kaito is sunseting Yaps, leading to a 17% drop in its token after X revised its API policies.
Kaito's Sunset of Yaps and Token Price Drop
Kaito is set to sunset its reward-driven social product Yaps due to X's revision of API policies aimed at curbing spam. This shift to a more selective creator marketing platform has led to a significant 17% drop in Kaito's token price following the announcement.Market Impact
This decision has taken a toll on Kaito's community and investors, causing immediate panic. Yaps was a critical component for user engagement, and its removal clouds future profitability, intensifying selling pressure especially in the wake of this steep price decline.Future Outlook
With Kaito's strategic direction under scrutiny, the market remains poised for further developments. If the new creator platform performs as expected, there could be potential for price recovery, but currently, a negative sentiment permeates the market.AI Analyst
AI Opinion
"The decision to sunset Yaps directly stems from X's API revisions aimed at spam control. This reduction in user engagement negatively impacts token demand, leading to investor anxiety reflected in the market. The focus is now on Kaito's new strategic direction, as success with the creator marketing platform may offer recovery potential. However, in the near-term, selling pressure is likely to dominate, continuing the prevailing negative sentiment."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.