Kaito clarifies Binance deposit was not for selling purposes

Kaito has clarified that a recent deposit of its native token to Binance was a measure by its market maker to stabilize funding rates, not a prelude to a sell-off. In an interview with Digital Asset, the project addressed community speculation that the team had deposited the tokens to liquidate its holdings. This suspicion was fueled by news that Kaito's "yaping" business was suspended following a policy change at X. The team explained that on Jan. 4, the KAITO funding rate on Binance became significantly negative, prompting the transfer to its market maker for stabilization.