Kaito Launchpad Tokens Plunge Post-TGE: Play AI FDV $2.1m, Novastro $1.05m
On December 18, 2025, Wu Blockchain highlighted steep post‑TGE losses across several projects launched via Kaito's community launchpad. Play AI, Hana Network, Novastro, and Bitdealer now trade far below their initial valuations, with FDVs near $2.1m, $10.5m, $1.05m, and $2.8m. CoinGecko also shows Kaito Capital Launchpad tokens at about $77.1m in combined market cap, down nearly 15% in 24 hours on roughly $38.3m volume.
