$KITE UPDATE
#KITE Price: $0.2258 (-17.73%)
Market Cap: $406.5M
24h Volume: $164.98M (+19%)
Vol/Mkt Cap: 40.49%
Sharp 17% drop with strong volume.
40% Vol/Mkt Cap → heavy trading activity during the sell-off.
Likely profit-taking or distribution phase after a prior rally.
Circulating supply: 1.8B / 10B → only 18% unlocked.
FDV: $2.25B vs MC $406M → large future unlock pressure.
104K holders → strong community base.
High FDV gap → future dilution risk.
If volume stays high while price falls → continuation downside possible.
Key support must hold to avoid deeper correction.
Short-term: Bearish pressure but high liquidity.
If buyers step in and volume shifts green → rebound possible.
If selling continues → next leg down likely.
$KITE $KITE This looks like a correction phase, not low-liquidity panic.
#creattoearn @crypto informer649