$KAITO slides 11% – Will the 32.6M token unlock trigger more losses?
This KAITO decline is a whale-driven sell-off, but only a portion of their holdings are being sold.
Kaito has been declining over the past few days. The asset has lost roughly 57% of its accumulated gains over the past week, a trend it has continued over the past day as it lost another 11% as of writing.
Notably, this downward performance, which has lasted more than a week, has been whale-driven.
The whale retail delta remained around 0.242 on the chart, as whales possibly consider the asset overvalued and are selling it until it finds fair value.
This KAITO decline is a whale-driven sell-off, but only a portion of their holdings are being sold.
Kaito has been declining over the past few days. The asset has lost roughly 57% of its accumulated gains over the past week, a trend it has continued over the past day as it lost another 11% as of writing.
Notably, this downward performance, which has lasted more than a week, has been whale-driven.
The whale retail delta remained around 0.242 on the chart, as whales possibly consider the asset overvalued and are selling it until it finds fair value.