KAITO token plummeted 18%! Before API access was disabled, did the team secretly transfer 24 million tokens?

Question

【Blockchain Rhythm】X platform modified its API access policy last night, directly impacting many on-chain applications’ operations. KAITO platform was hit hardest—its token price plummeted in response, with a 24-hour decline of over 18%, and its market capitalization dropping from previous levels to $160 million.

More importantly, this move behind the scenes. Kaito’s multi-signature wallet quietly distributed a total of 24 million KAITO (worth approximately $13.31 million) to 5 addresses two weeks ago. One of the recipient addresses received 5 million tokens, which were transferred and dumped into a major exchange on January 9th, totaling about $2.82 million worth of KAITO.

The community has erupted—some suspect that the Kaito team might have known about the API ban in advance and took the opportunity to liquidate their holdings. The timing is quite tight, as 1.1 million KAITO tokens are set to unlock tomorrow, and the KAITO unbonding period is 7 days. With both the unlocking pressure and rumors of early team liquidation, what do you think the market will do?

SilentObserver · Accepted Answer

It's the same old trick again, dumping early and blaming the API, impressive.

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20.4 million tokens secretly distributed, this timing is perfect, very good at acting.

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The case is solved, the team knew all along, otherwise how could it be so coincidental.

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Still need to unlock 1.1 million, this wave of pacing is tight, I have to say.

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Always the same pattern, first dumping the market and then finding reasons, getting tired of it.

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X banning the API causes an 18% drop? The explanation seems too far-fetched.

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Distributing to five addresses is just market manipulation, so obvious.

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Who would believe that? Just trying to suppress the price before unlocking.

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A whopping $2.82 million poured in at once, the team is really panicking.

OnchainDetective · Answer

Wow, this timing is really perfect. Releasing 1.1 million tokens tomorrow, and now this? It really feels like the team knew the news in advance.

TommyTeacher1 · Answer

It's the same trick again, secretly transferring coins first and then creating negative news. Truly daring.

GasFeeCrier · Answer

It's the same trick again, knowing insider information in advance and secretly selling off.

FundingMartyr · Answer

It's the same old story, selling off quickly after getting the news in advance.

KAITO token plummeted 18%! Before API access was disabled, did the team secretly transfer 24 million tokens?

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