Kaito AI’s highly anticipated token launch has raised alarms in the cryptocurrency community after early backers liquidated their entire token allocations almost immediately. The event has drawn attention to the risks of insider selling and its potential impact on market stability.
According to Arkham Intelligence, prominent investors, including ANSEM and Anthony Sassano, sold all of their tokens shortly after launch. ANSEM’s sale totaled $230K worth of KAITO tokens, while Sassano offloaded $185K. Additionally, MERT sold 80% of his $340K allocation, adding to concerns of a coordinated sell-off.
The Kaito AI project had reserved 20% of its total token supply for airdrops and incentive-based rewards, aimed at engaging early supporters and increasing adoption. However, experts like Anndy Lian had cautioned that the hype surrounding the launch could result in a dramatic price spike followed by significant sell-offs, a prediction that now appears to be coming true.
This immediate liquidation by key figures is likely to affect investor confidence and could lead to further price fluctuations. As of the latest trading data, KAITO is priced at $1.23, reflecting a 5.45% decline in the past 24 hours.
Related topics:
Trump Pledges to Establish U.S. as the Global Crypto Leader
AVAX Price Struggles as Whale Activity Slows
Crypto Trader Naseem Makes $100 Million Profit from Trump Coin Amid Controversy
