AI Payments Startup Kite Debuts Token With $263M Trading Volume in First Two Hours

Why It Matters

The strong launch signals market confidence in AI-driven payment infrastructure and could accelerate adoption of machine‑to‑machine transactions, positioning Kite as a key player in the emerging AI blockchain ecosystem.

Summary

AI‑powered payments blockchain Kite launched its native token on Monday, achieving a $159 million market cap and $883 million fully diluted valuation within hours. Trading volume surged to $263 million across Binance, Upbit and Bithumb, with $85 million on Binance alone. The token, capped at 10 billion, allocates 48% to the community, 12% to investors and 20% to the team, and underpins Kite’s “agentic economy” for autonomous AI agent transactions. The debut follows an $18 million Series A raise that brought total funding to $33 million.