BREAKING: Kite (KITE) Surges 21.4% to $0.229 as Volume Hits $165M

BREAKING: Kite (KITE) has posted explosive gains of 21.4% over the past 24 hours, reaching $0.228932 as of 18:52 UTC on February 13, 2026. The cryptocurrency is now trading within striking distance of its all-time high of $0.229032, set earlier today.

Key Market Metrics

The sharp price movement has propelled Kite’s market capitalization to $411.8 million, marking a 21.2% increase of $72.1 million in 24 hours. The token currently holds the #111 position by market cap among all cryptocurrencies.

Trading activity has intensified significantly, with 24-hour volume reaching $165.1 million. This represents substantial liquidity relative to the token’s market cap, indicating strong trader interest and participation.

Price Action Analysis

Kite’s intraday range spanned from a low of $0.187329 to a high of $0.229032, representing a 22.3% swing. The token is currently trading just 0.85% below its all-time high achieved earlier today at 17:15 UTC.

The recent performance extends a remarkable 30-day rally of 138.8%, while the 7-day gain stands at 50.2%. Short-term momentum remains strong with a 1.6% gain in the past hour alone.

Supply and Valuation

With 1.8 billion tokens in circulation out of a maximum supply of 10 billion, Kite’s fully diluted valuation stands at $2.29 billion. This represents an 18% circulating supply, suggesting significant token emissions remain ahead.

The token has gained 267.3% from its all-time low of $0.061819 set on November 4, 2025, demonstrating strong recovery momentum over the past three months.

What This Means for Traders

The combination of elevated volume, proximity to all-time highs, and sustained multi-week uptrend indicates robust bullish sentiment. However, traders should note the token is trading at the upper end of its intraday range, which may present resistance.

The high volume-to-market-cap ratio suggests active trading conditions, offering both opportunities and risks for position entries. Market participants should monitor for potential profit-taking near the ATH level while watching for continuation patterns if resistance breaks.

This is a developing story. Market data reflects conditions as of 18:52 UTC on February 13, 2026.