A Kaito multisig address transferred 8 million KAITO tokens, valued at approximately $2.25 million, to a new wallet on October 21. The receiving address had previously received 7 million KAITO from the same source three months ago, suggesting a connection to recent token unlock activity.
The transfer follows a scheduled unlock of 12.1 million KAITO on October 20, representing 5.01% of the project's circulating market cap. The movement raises attention as large unlocks often precede increased selling pressure in the market.
Kaito Multisig Moves 8M KAITO Worth $2.25M Days After Major Token Unlock
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