The Kaito team transferred 5 million KAITO tokens to Binance seven days ago, raising suspicions that they "knew in advance about negative news and sold off their holdings."

PANews reported on January 16 that, according to crypto KOL “vasucrypto”, an address starting with 0x049A, associated with the Kaito team, transferred 5 million KAITO tokens to Binance seven days ago, possibly for sale.

In response, another crypto KOL, "Crypto Fearless," commented: "The Kaito team shipped over $5 million worth of tokens seven days in advance. During their communication with Twitter to cancel the API, the team knew about the negative news and sold off their holdings ahead of time. In addition, the unlocking of Kaito staking also reached a peak in the past few days. Regarding the team's prior knowledge of the news, this was also mentioned in the announcement by Kaito founder Yu Hu, who communicated with Twitter."

Previous reports indicated that Kaito would gradually phase out Yaps and the incentive leaderboard, and launch Kaito Studio.