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KAITO plunged nearly 20% after X revoked API access for InfoFi platforms that rewarded users with cryptocurrency tokens for posting, a policy shift announced by the social network's head of product, Nikita Bier, who cited rampant AI-generated spam as the reason for the crackdown. What Happened: X Cu

X revoked API access for applications that reward users for posting content, triggering immediate losses across Information Finance tokens as the platform moved to eliminate AI-generated spam. KAITO, the native token of AI-driven InfoFi protocol Kaito AI, dropped 20% from $0.70 to $0.56 following th