The team led by Nikita Bier, product manager of the X (Twitter) platform, took action to clean up spam on the platform. Bier, which declared war on artificial interaction, caused the prices of altcoins such as Kaito in the InfoFi category to crash with its API update.
Altcoins Last Minute
X updated its API (software interface) policies, banning all third-party apps that give users “rewards, points, or tokens for sharing.” Thus, campaigns carried out by crypto projects such as “tweet, earn points, get airdrops” and fill the home page with poor quality content will be prevented. Applications that use such reward systems will have their X access cut off.
The 157k member Kaito Yapper community has been banned on X and has been banned since the announcement. KAITO token price It fell 17%.
Nikita Bier wrote minutes ago;
“We are revising our developer API policies:
We will no longer allow apps that reward users who post on X (aka “infofi”). This has led to a lot of AI slop and response spam on the platform.
We’ve revoked API access for these apps, so your X experience should start improving soon (once the bots realize they’re no longer taking payments).
If your developer account has been terminated, please contact us and we will assist you in migrating your work to Threads and Bluesky.”
InfoFi one of the biggest players in the field KAITO Coin It dropped to $0.54 after the announcement.
- COIKE fell 10%.
- LOUD -10%
- LURKY -9%
The total market value of InfoFi altcoins, which has a market value of $ 373 million, decreased by 10 percent with the announcement.
