Crypto KOL: Kaito AI's public offering project Novastro opened with a drop of approximately 44% below its initial offering price.

According to crypto KOL AB Kuai.Dong, Novastro, one of the first projects launched through the Kaito AI public offering platform, opened with a price drop of approximately 44% below its public offering price, becoming one of the few projects recently to fall below its offering price after listing. Its token, XNL, is currently priced at 0.026 USDT, while the public offering cost was 0.05 USDT. Novastro raised $4.717 million in its Kaito pre-sale at a valuation of $50 million, representing an oversubscription of 235.84%.