Shorting $KITE : The VC Trap Explained

I’ve opened a significant short position on $KITE at 0.20. While the AI payment narrative is catchy, the tokenomics tell a bearish story.

Why I'm Short:

Low Float: Only ~10% circulation means massive sell pressure is locked and loaded.

VC Dominance: This is a classic VC coin—easier to trade than manipulated meme coins because the direction is eventually down via unlocks.

The Pump: Recent price action is just influencer hype. The fundamentals haven't changed.

Strategy: Trading time for space. I expect a slow bleed as unlocks hit. ⏳

#KITE #Tokenomics #CryptoTrading #SmartMoney #BinanceSquare

Trade $KITE here 👇

KITEUSDT

Perp

0.21776

+8.80%