KITE (Kite) rose 10.75% in 24 hours

Gate News Bot news, on November 5th, according to CoinMarketCap data, as of the time of writing, KITE (Kite) is currently priced at 0.08 USD, with a 10.75% rise in the last 24 hours, reaching a high of 0.14 USD and a low of 0.06 USD. The current market capitalization is approximately 140 million USD, an increase of 13.6 million USD compared to yesterday.

Kite is the first AI payment blockchain, providing infrastructure for autonomous agents to operate and transact with identity, payment, governance, and verification capabilities. The platform is built specifically for the autonomous economy, offering verifiable cryptographic identities, programmable governance, and native access to stablecoin transactions. Kite employs an Artificial Intelligence Proof (PoAI) mechanism aimed at promoting 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 on November 3, 2025, at 21:00 ( UTC+8 019283746656574839201 for spot trading, with the trading pair KITE/USDT. The KITE token is issued on the Ethereum network, with the contract address 0x904567252D8F48555b7447c67dCA23F0372E16be. This listing event provides significant liquidity support for KITE, helping to expand its market influence, and is one of the main factors driving the recent price rise.

2️⃣ Gate Instant Exchange Platform Adds KITE Support The Gate flash exchange platform has added support for the exchange of KITE tokens, allowing users to conduct fee-free one-click exchange transactions with USDT. The addition of this feature further enhances the trading convenience of KITE, potentially attracting more users to participate, thereby increasing market activity.

3️⃣ KITE airdrop claiming feature is coming soon The KITE Foundation is finalizing the configuration for the airdrop claim feature, which will be launched soon. This initiative may attract more market attention to KITE and is an important factor that could potentially influence short-term price trends.

From a technical perspective, KITE has experienced significant price fluctuations in the short term. Despite a drop of 19.01% on November 4th, the current price has rebounded, showing a certain level of market resilience. This volatility may be related to the speculative trading commonly associated with newly listed projects.

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

This message does not constitute investment advice; investors should be aware of market volatility risks.