The Kaito team transferred 5 million KAITO to Binance, raising suspicions of "knowing in advance about negative news and selling off."

According to market news, an address starting with 0x049A associated with the Kaito team transferred 5 million KAITO to Binance 7 days ago, possibly for sale. In response, another crypto KOL "Crypto Fearless" commented: "The Kaito team pre-sold over 5 million dollars worth of tokens, and during the communication with Twitter to cancel the API, they were aware of the negative news in advance."

In addition, the unlocking of Kaito staking has also peaked in the past few days. Regarding the team's prior knowledge of the news, this was also mentioned in an announcement by Kaito founder Yu Hu, who communicated with Twitter."

Previously, it was reported that Kaito would gradually phase out Yaps and the incentive leaderboard, and launch Kaito Studio.