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  • ExtraOrdinal Daily #128 | $KAITO Airdrop: Big Win or Letdown? Yappers Debate.

ExtraOrdinal Daily #128 | $KAITO Airdrop: Big Win or Letdown? Yappers Debate.

20th Feb 2025 ||| Issue #128
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Table of Contents

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Todays Top Stories

Kaito AI’s Airdrop Gets People Talking

The long-awaited $KAITO airdrop has officially launched, marking a major step forward for Kaito AI’s vision of rewarding “Yappers” for engaging in thoughtful Web3 discussions.

While no airdrop rollout is ever perfect, this one has sparked plenty of excitement and controversy—alongside some debates over allocations, staking incentives, and a few unexpected exclusions.

Breaking Down the Numbers

  • Total Supply: 241M $KAITO

  • Max Supply: 1,000,000,000 $KAITO

  • Fully Diluted Valuation (FDV): $914M

  • Market Cap: $220M

  • Initial Price: $1

  • Trading Volume: $407M

  • Yappers & Genesis NFT holders received 10% of the supply

  • Initial claim value: ~$15 per Yap (peaked at ~$30)

Community Reactions and Concerns

Many early claimers are celebrating their free rewards, with some receiving substantial payouts. However, as with any major launch, not everyone was satisfied. A few key talking points have emerged:

  • Fairness of allocations – Some users expected a larger share, especially those who were early contributors to the community

  • Team and investor holdings – A bigger-than-anticipated portion of the supply went to insiders, sparking some discussion about decentralization.

  • Staking uncertainty – With only 5% of the supply currently staked, it’s unclear whether the incentives will encourage long-term holding.

A Big Name Left Out!

One of the biggest surprises was the exclusion of AIXBT, a major figure in the crypto AI space. Given Kaito AI’s focus on rewarding influential voices, some found this to be a puzzling decision.

AIXBT responded to the snub, stating:

What’s Next for $KAITO?

Kaito AI envisions $KAITO as the backbone of a decentralized information economy, facilitating transactions, governance, and staking. While the airdrop rollout wasn’t flawless, it has laid the groundwork for an ambitious ecosystem.

The real test lies ahead—will $KAITO become a game-changer in valuing information and attention in crypto, or will it fade into the noise like so many before it? Time will tell.

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Daily Bites: Today’s Top Articles

Todays Markets

Catch up with Landy in yesterdays Wednesday Check-In:

Ordinals

Today, the market is split right down the middle—half up, half down—as it slowly recovers from the storm of revelations that shook the space over the past few weeks.

The big news today is the sharp decline of OMB, which has fallen and stayed below 0.1 BTC.

A significant factor in this drop is the growing FUD surrounding the upcoming Black Eyes mint on the 25th. The core issue seems to be disappointment around the price: many had expected Black Eyes to be free for long-term holders of previous OMB collections. However, with a mint price of 0.021 BTC, many feel this is too steep.

The counterargument is this is a very big discount on Orange Eyes, and essentially, if you think it’s too steep, do not mint them! OMB has cultivated a cult of collectors, and is one of the very few communities where price genuinely is a topic of discussion.

This debate has led to a sell-off, with some arguing it’s due to disagreements over the pricing, while others claim it’s a result of market conditions—perhaps people just aren’t liquid enough right now.

Another view is that collectors—those who haven’t been labeled “Bozo Traders” in the Discord server—will be rewarded in the future. The thinking here is that those expecting free Black Eyes would’ve likely flipped their tokens anyway, which would have diluted OMB’s value.

There are strong arguments on both sides of the fence. Where do you stand? Regardless of your take, Hills seems to be on to something, and these vibes certainly can’t be ignored. Remember NodeMonkes?

Runes (Bitcoin Memecoins)

Remember yesterday when we mentioned how $DOG buyers didn’t seem scared that Solana traders would inevitably crush the price with intense sell pressure? Well, it happened again.

$DOG is down 15% today, slipping back below a $300M market cap. This time, though, it might not be entirely fair to pin the blame on the Solana crowd.

Reports indicate that a significant portion of the selling pressure actually came from Bitcoin wallets, which were offloading their tokens during the brief price spike after the bridging event.

Elsewhere, it’s still early, but keep an eye on $RSIC as we approach Block 888,888 in March.

Todays Opportunities

Giveaways

There are currently no raffles taking place today, but check back tomorrow for what’s next so you don’t miss out.

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Nothing in this or any other ExtraOrdinal Daily publication should be construed as financial or investment advice.

We trust this ExtraOrdinal Daily provided you with the information, insight and opportunities needed to have an ExtraOrdinal day! If you have any questions, suggestions, or a desire to contribute, reach out in the ExtraOrdinals Discord!

See you tomorrow!