The Kaito team is under scrutiny after transferring 5 million KAITO tokens to Binance a week ago, amid allegations of insider trading. Crypto influencer "vasucrypto" highlighted the transaction from an address linked to the Kaito team, suggesting the tokens were moved for sale. "Crypto Fearless" further alleged that the team acted on prior knowledge of negative news, selling their holdings before the information became public. This controversy coincides with a peak in Kaito staking unlocks and follows Kaito's plans to phase out Yaps and the incentive leaderboard, as well as launch Kaito Studio.
Kaito Team's Token Transfer to Binance Sparks Insider Trading Concerns
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