A total of 1.1 million KAITO tokens are scheduled to unlock tomorrow, potentially impacting the market as these tokens will be available before staked tokens, which have a seven-day unlocking period. This could lead to increased selling pressure. Additionally, a multisig address associated with the Kaito team transferred 5 million tokens, valued at $2.82 million, to Binance two weeks ago, though the ownership of this address remains unclear.
Meanwhile, 24 million tokens distributed by the Kaito team's multisig two weeks ago are currently held across four addresses and have not yet been moved or sold. The market is closely watching for any response from the Kaito team regarding these developments.
1.1 Million KAITO Tokens Set to Unlock, Potential Market Impact Looms
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