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Kite token drops 30% from March highs amid profit-taking and AI crypto cooldown

Market News
26 Mar 2026
Crypto news
View Source
Bearish
pluang ai news

Kite (KITE), an AI-focused blockchain and payments token, has fallen about 30% from its early March peak near $0.30, trading now around $0.21–$0.22 with a market cap near $400 million. The decline follows rapid gains since late 2025 and reflects broader profit-taking and a sector-wide cooldown in AI-related cryptocurrencies. Despite the pullback, Kite remains significantly above its late-2025 levels, supported by strong trading volumes indicating active short-term trading rather than slow accumulation. This movement highlights the volatility in AI crypto tokens as investors reassess valuations after an overheated start to 2026.

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