X Revokes API Access for InfoFi Apps, Triggering Crypto Token Declines

Social media platform X, formerly Twitter, has revoked API access for InfoFi applications that reward users for posting, citing increased spam and AI-generated content. This policy change led to significant declines in related crypto tokens, including a nearly 20% drop in KAITO. While some in the crypto community support the crackdown to improve user experience, others urge reconsideration, highlighting creators' need for alternative revenue. Affected developers are offered support to transition to other platforms.