Kaito (KAITO) surged over 13% in 24 hours, pushing its weekly gains past 25% amid a surge in trading activity. Derivative trader interest hit its highest level this year as Open Interest reached $70.88 million, while daily trading volume more than tripled to over $47 million. However, an upcoming token unlock of 17.60 million KAITO tokens, valued at approximately $14.93 million in three days, could test whether buyers have enough capital to sustain the rally.
Kaito (KAITO) gained more than 13% in 24 hours as trading activity accelerated, extending the altcoin’s bullish structure with weekly gains above 25%. Derivative traders showed the highest level of interest in the token this year, as Open Interest (OI) reached $70.88 million.
The OI surpassed the $60 million mark, which was the highest level all year. When OI is rising alongside the price action, it indicates that more long positions are being stacked.
Daily trading volume more than tripled from $15 million on July 12 to above $47 million. Token Terminal placed the weekly total slightly above $209 million, showing steady growth over five consecutive days.
KAITO broke above the $0.38–$0.54 range that had contained the price since late March. Buyers cleared the range’s upper boundary in early July, confirming a bullish structural shift.
Net volume remained positive, with net buying reaching approximately 1.98 million KAITO at press time. The Bollinger Bands expanded after an earlier compression, indicating price volatility increased following the breakout.
Even so, KAITO encountered resistance between $0.80 and $0.85, and price momentum slowed around this zone. The potential reason behind this lag could be anticipated selling pressure from the upcoming token unlocks.
According to Tokenomist, about 17.60 million KAITO tokens worth $14.93 million will be unlocked in three days. Such activities tend to create selling pressure as they increase the circulating supply.
Still, with capital to absorb this supply, the price action may continue surging, especially if bulls continue buying. The market structure remains bullish in the short term, but that could change if supply dynamics outweigh capital inflows.
