Due to the "X Revokes InfoFi App API Access" message, COOKIE and KAITO both dropped over 14% in the past 24 hours.
BlockBeats News, January 16th, according to HTX market data, due to the "X Revokes InfoFi App API Access" message, InfoFi tokens have all experienced a significant decline. COOKIE dropped over 14% in the past 24 hours, currently trading at $0.0383. KAITO dropped over 15% in the past 24 hours, currently trading at $0.567.
Earlier reports indicated that X revoked "InfoFi" app API access to reduce platform spam. Cookie DAO stated, "After communicating with the X team regarding their API and usage policies, we have decided to immediately shut down Snaps and all ongoing activities. Currently, we are actively discussing with X to assess if Snaps could potentially continue to operate in a new form." Kaito stated that YAPS and the incentive leaderboard will be gradually phased out, and Kaito Studio will be launched.
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