Kaito team offloads 2M tokens shortly after Upbit listing

Following the listing of KAITO on Upbit Exchange, the Kaito team appears to have sold 2 million tokens approximately two hours ago, worth around $4.1 million, according to on-chain analyst @ai_9684xtpa on X. The wallet address starting with 0x8D0, believed to be linked to the Kaito team, received 25 million KAITO from a multisignature wallet two weeks ago. About 22 hours ago, 5 million KAITO were transferred to a new wallet, and so far, 2 million tokens have already been deposited on Binance Exchange.