$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.
$LUNA 🚀 iS MOVING INSIDE A TIGHT RANGE RIGHT NOW, AND BUYERS ARE SLOWLY TRYING TO TAKE CONTROL OF THE CHART.
Price is around $0.0434, with the first support sitting near $0.0428–$0.0430. As long as this area holds, I’d watch for another attempt toward $0.0440–$0.0445.
If $0.0428 breaks, the next important area is around $0.0420–$0.0422. That zone could give buyers another chance if selling pressure starts to slow down.
On the upside, $0.0440 is the first level that needs to break. A clean move above $0.0445 could open the way toward $0.0455–$0.0460, but I’d want to see good volume behind the breakout.
One thing I’m keeping in mind is the lack of strong whale or smart-money activity. There’s no clear sign of big players aggressively accumulating LUNA, so I’d avoid chasing the move blindly.
For now, it’s a waiting game: hold $0.0428 and break $0.0445 with volume, and the setup starts looking much stronger.