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Kaito team 5 million tokens flow into Binance, API controversy overlaps with staking unlock period
【BitPush】Recently, an interesting on-chain phenomenon has caught attention. An address associated with the Kaito team recently sent a large amount of chips to Binance — specifically 5 million KAITO tokens — this happened a week ago. Based on the transaction volume, it might be in preparation for a bulk sale.
This move has sparked quite a bit of discussion. Some observers pointed out that the timing is interesting — it coincides exactly with the period when Kaito communicated with Twitter about API integration being canceled. According to this logic, the team may have had early access to unfavorable news and acted quickly to sell tokens worth over $5 million. Additionally, staking unlocks have also peaked in recent days, making the overall rhythm seem very tight.
Kaito founder Yu Hu’s later announcement indeed mentioned the communication process with Twitter, confirming the existence of information flow. On the other hand, Kaito’s product side is also undergoing adjustments — Yaps and the incentive leaderboard are gradually being phased out, while a new Kaito Studio has been launched. This series of changes, whether in terms of funds or products, has rapidly erupted in a short period, and is definitely worth the attention of market participants.