KITE (Kite) fell 19.01% in 24 hours

Gate News Bot news, on November 4th, according to CoinMarketCap, as of the time of writing, KITE (Kite) is currently priced at 0.07 USD, having fallen 19.01% in the last 24 hours, with a high of 0.14 USD and a low of 0.07 USD. The current market capitalization is approximately 131 million USD, a decrease of 30.809 million USD compared to yesterday.

Kite is the first artificial intelligence payment blockchain designed to provide infrastructure for autonomous agents to operate and transact, including identity, payment, governance, and verification functions. The project is specifically designed for the autonomous economy, offering verifiable cryptographic identities, programmable governance, and native access to stablecoin transactions. Kite uses the Proof of Artificial Intelligence (PoAI) consensus mechanism, aiming to drive ecosystem alignment and sustainable growth.

Important news about KITE recently:

1️⃣ Gate launches KITE spot trading globally for the first time Gate will launch KITE spot trading on November 3, 2025, at 21:00 ( UTC+8, with the trading pair KITE/USDT. The KITE token is issued based on the Ethereum network, with the contract address 0x904567252D8F48555b7447c67dCA23F0372E16be. This listing event provides significant liquidity support for KITE and helps to expand its market influence.

2️⃣ Gate Swap platform adds support for KITE The Gate instant exchange platform has added support for the exchange of KITE tokens, allowing users to transact with USDT in a one-click, fee-free exchange. The addition of this feature further enhances the trading convenience of KITE and may attract more users to participate.

3️⃣ KITE airdrop claiming feature is about to go live The KITE Foundation is finalizing the configuration for the airdrop claim functionality, which will be launched soon. This move may attract more market attention to KITE and potentially impact its short-term price trends.

From a technical perspective, KITE has experienced significant price fluctuations in the short term. The current price has significantly retraced from its peak, and the market capitalization has also correspondingly shrunk. Such fluctuations may be related to the speculative trading common with newly listed projects.

From a fundamental analysis, the Kite project, as the foundational layer of the intelligent internet, deserves attention for its innovation and potential application value. However, the actual implementation of the project and the construction of the ecosystem still require time for validation.

This message is not an investment advice, and investors should be aware of market volatility risks.