$KITE just saw a 0.2U short position worth 100,000 units opened at market price. đ° This type of VC-backed coin is usually much easier to trade compared to heavily controlled tokens â itâs all about trading time for space. The project is currently riding the AI hype wave, positioning itself around AI-powered payments đ€đł.
However, the circulating supply is only around 10%, which means continuous token unlock pressure ahead. In the past few days, the price pumped mainly due to traffic from a top influencer â nothing fundamentally changed. It honestly looks like delayed airdrop selling pressure đ .
From here, the structure suggests more unlocks and gradual price decline, with only potential short-term relief bounces. đ At current market levels, this looks like a high-risk short opportunity.#KÄ°TE #kiteusdt #cryptouniverseofficial #CPIWatch #MarketRebound
Trade carefully and manage risk!$KITE đ„
