Two newer crypto projects, GRASS and KAITO, continue to struggle with both tokens in the red on daily and weekly timeframes. In the past 24 hours alone, GRASS is down 2% while KAITO is down 6.5%.
Both GRASS and KAITO launched within the past six months and have battled with continuous sell pressure from airdrop recipients continuing to dump their bags.
This + quoting @ASvanevik
There's too many non-transparent "trust me bros" for how foundations execute, and revenue inflows$GRASS and $KAITO – how can we verify the funds and their revenue?
Ripple $XRP and $ETH fdn sending to exchanges? Cheaper prices for believers? 😮 https://t.co/mFjIJ3bPgA pic.twitter.com/PX1kZmKMub— SOLGEKING 🌐🙌👾💨 (@So1geking) April 14, 2025
What Is GRASS Crypto And Why Is It Struggling?
Grass (GRASS) had its token generation event (TGE) in late October 2024. Over 100 million GRASS tokens were distributed to 2 million individual users.
The airdrop recipients qualified by providing unused internet bandwidth to the project. Beginning in early 2024, users had to register an account with Grass, install the browser extension, and earn Grass points by providing unused internet bandwidth.
Eventually, those points were converted into GRASS tokens, and the more points accrued, the bigger the token airdrop. However, since the TGE, GRASS has struggled with continuous sell pressure from those airdrop farmers, who are still selling tokens in large quantities.
GRASS went on a decent run at launch, going from just under $1 to $3.66 in mid-December. Since then, it has been on a downtrend, with only brief rallies before continuing to fall.
GRASS crypto is currently trading above its launch price, at $1.65, with a market cap of around $465 million. Per CoinGecko, this makes it the 145th largest cryptocurrency by market cap.
Grass aims to create a fairer internet ecosystem in which users are compensated for resources typically used by large companies without payment. But, it is a peer-to-peer network where users can rent out their spare internet capacity in exchange for GRASS crypto tokens.
KAITO Is Down Nearly 50% In The Last 30 Days – Can Anything Stop the Freefall?
While GRASS crypto is only down around 2% daily, KAITO suffers more, falling over 6% in the same timeframe. Launching just 2 months ago, in February 2025, KAITO is an AI-powered cryptocurrency and a native token for the Kaito platform.
The platform acts as a Web3 information platform for crypto, which AI fuels. By combining AI with blockchain technology, Kaito has created a brand new InfoFi (Information Finance) ecosystem, helping users acquire quality crypto information while redefining value distribution in the attention economy.
KAITO serves as a digital payment for transactions within the Kaito ecosystem and allows token holders to participate in governance and influence the network’s development.
Per CoinGecko, KAITO has fallen over 47% in the past 30 days and is currently trading at $0.76. Its TGE was in February 2020, when it launched at $1.67 before climbing to $2.42 in its first week.
Since then, however, KAITO has been on a downward spiral, slipping below $1 at the beginning of April and showing no signs of recovery anytime soon.
At current prices, KAITO has a market cap of $184 million, making it the 274th largest cryptocurrency by market cap.
BONUS: BTC Bull (BTCBULL) Hits $4.6m Funding In Presale With Bitcoin Airdrops On The Way
While both KAITO and GRASS crypto have struggled with constant sell pressure due to sizeable airdrops of their respective tokens, BTC Bull (BTCBULL) will have no such problem.
One of the key pieces of utility built into BTCBULL is its airdrop campaign. However, rather than airdropping its own token and thus creating constant sell pressure, BTC Bull will airdrop Bitcoin to its holders every time BTC hits a new price milestone.
Holders of BTCBULL will receive Bitcoin directly into their wallet, beginning at $150,000 per BTC and increasing every $50,000 from there.
This strategy will only increase the buying pressure for BTCBULL as investors scramble to stack more and more in order to maximize the Bitcoin airdrops. The more BTCBULL one holds, the bigger its slice of the BTC airdrops.
There is also a token burn mechanism for BTC Bull – Beginning at $125,000 and every $50,000 increase from there, the team will burn a percentage of the BTCBULL supply, creating a supply shock as demand begins to outweigh supply.
Stay connected with the BTC Bull Token community on X and Telegram for the latest updates.
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