Data: Several Kaito Kickstarter IPOs saw significant price drops after TGE.

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Several Kaito Kickstarter IPOs experienced significant price drops after their initial public offerings (TGE). Play AI, valued at $5,000, has a current FDV of only $2.1 million; Hana Network, valued at $40 million, has a current FDV of only $10.5 million; Novastro, valued at $50 million, has a current FDV of only $1.05 million; and Bitdealer, valued at $35 million, has a current FDV of only $2.8 million. Notably, of the five IPOs launched on Kaito Kickstarter to date, four (excluding one that hasn't yet TGE) have seen substantial price drops. H/T: @y_cryptoanalyst

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