Major KAITO Token Distribution Triggers Market Monitoring
Chain analytics reveal that a multisig wallet linked to the Kaito project recently distributed 24 million $KAITO tokens—worth approximately $13.3 million—across five distinct addresses. This broad allocation marks a pivotal moment in the token's release cycle, drawing sharp attention from investors and analysts alike.
Quick Move to Exchange Sparks Speculation
One recipient address, having received 5 million tokens, transferred the entire balance to Binance just eight hours later. Valued at around $2.8 million, this swift movement into a centralized exchange suggests potential preparation for selling or trading.
- Source: Verified multisig origin
- Number of recipients: 5 unique wallets
- Largest single outflow: 5 million $KAITO
- Timing: Within 8 hours of receipt
- Final destination: Binance exchange
Such early movements are often seen as early signals of holder behavior. Analysts warn that repeated inflows to exchanges could increase downward pressure on the token’s market value in the near term.