August 19, Tuesday 

ZKsync (ZK): 173.41 million ZK tokens ($11.10 million) will be unlocked. This accounts for 0.83% of the circulating supply. 

IOTA: Around 3.17 million tokens ($3.17 million) will be released, equal to 0.42% of the circulating supply. 

August 20, Wednesday 

LayerZero (ZRO): Approximately 24.68 million ZRO tokens ($51.91 million) will be unlocked. This represents 2.47% of the total supply, making it the week’s largest unlock. 

Kaito: 16.67 million Kaito tokens ($18.50 million) will be released, equal to 1.67% of the total supply. 

Melania Meme (MELANIA): 22.50 million MELANIA tokens ($4.82 million) will be unlocked, which is 2.25% of the circulating supply. 

August 21, Thursday 

Plume Network (PLUME): About 108.34 million PLUME tokens ($10.24 million) will be released, accounting for 1.08% of the total supply. 

These unlocks could create short-term selling pressure, so investors should stay cautious about potential volatility in the crypto market. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Major Crypto Token Unlocks: August 17–24 Highlights appeared first on Coin Engineer.

In several now-deleted posts, hackers falsely claimed that Kaito wallets had been compromised and warned users that their funds were no longer safe. However, the Kaito AI team quickly regained control of the accounts and reassured users that Kaito token wallets were unaffected by the breach.

KAITO Token Price Drops!

According to DeFi Warhol, the attackers opened short positions on KAITO tokens before spreading the false information. The goal was to trigger panic selling and cause a price crash, allowing the hackers to profit from their short positions.

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The Kaito AI team addressed the incident with the following statement:

“Despite having high-standard security measures in place, we were still compromised. It seems to be similar to other recent X account hacks.”

Rising Cyber Threats in the Crypto Industry!

This incident adds to a growing list of social media hacks, social engineering scams, and cybersecurity concerns within the crypto space. In recent weeks, the Pump.fun and Jupiter DAO accounts were also compromised using similar tactics.

Additionally, Canada’s Alberta Securities Commission issued a warning about the CanCap scam, where malicious actors used fake news and fabricated endorsements from Canadian politicians to promote fraudulent crypto investments. The scammers exploited concerns over a potential trade war between Canada and the United States to lure investors.

Lazarus Group Strikes Again!

State-sponsored hacker group Lazarus has also launched a new scam. They pose as venture capitalists in Zoom meetings and claim to experience audio-visual issues. Victims are then redirected to malicious chatrooms where they are instructed to download a “patch.” This software is designed to steal private crypto keys and other sensitive data from the victim’s device.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Kaito AI and Founder Yu Hu’s X Accounts Hacked! appeared first on Coin Engineer.

Following the airdrop announcement, Binance officially announced the listing of Kaito (KAITO) token on February 20. After being listed on Binance, KAITO surged to the $1 level.

Airdrop and Token Allocation

Positioning itself as the “ultimate Web3 information platform,” Kaito AI is gearing up for its first airdrop event. In this phase, 10% of the total supply has been allocated to early community members and ecosystem participants.

On February 20, the platform shared the following statement on X:

“Initial Community and Ecosystem Claim – 10%. This allocation includes the initial Kaito Yapper community, Genesis NFT holders, and ecosystem partners.”

Additionally, 56.6% of the total supply is allocated to the community and ecosystem, with 19.5% specifically reserved for long-term airdrops and incentives.

Binance Listing and Price Movement

Binance listed KAITO with the KAITO/USDT, KAITO/BTC, and KAITO/ETH trading pairs, leading to a rapid price surge to $1.

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While a Binance listing often boosts a project’s liquidity, initial selling pressure is common, especially for airdrop-based projects.

Tokenomics Concerns and Sell-Off Pressure!

Some analysts believe that the large insider allocation in the tokenomics could lead to selling pressure after the airdrop. Marcin Kazmierczak, co-founder of RedStone, a blockchain oracle firm, highlighted Kaito’s impact on the crypto marketing industry:

“I don’t know a single serious crypto marketer who doesn’t use Kaito’s stack. Previously, marketing was all about views and impressions. However, Kaito introduced a new metric, ‘Smart Followers,’ which allows tracking how many respected or active crypto accounts interacted with or followed a specific account.”

However, on-chain investigator RunnerXBT revealed that 43.3% of the total supply is allocated to insiders, including 35% to the team and 8.3% to early investors. This raises concerns about the long-term price movement of the token.

Will KAITO Face a Major Sell-Off?

Kaito AI’s tokenomics and insider allocations have sparked debates regarding potential sell-off risks post-airdrop. However, with Binance listing, KAITO has reached $1, and its long-term performance will depend on community support and project development.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Kaito AI Listed on Binance: Tokenomics and Sell-Off Concerns! appeared first on Coin Engineer.