Kaito token plummets after X revises API policies to ban ‘infofi’ crypto projects

TL;DR:

Infofi has led to a "tremendous amount of AI slop & reply spam" on the X platform, the firm's product lead said.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development contributes to the ongoing evolution of the cryptocurrency ecosystem and may influence market trends.