In a turn of events as predictable as the plot of a B-movie, Kaito AI’s airdrop has caused quite the stir. It seems the early backers, in a display of faith akin to a lemming’s leap, decided to offload their tokens faster than you can say ‘hot potato’.
Arkham Intelligence, the Sherlock Holmes of the crypto world, has deduced that some rather notable chaps, ANSEM and Anthony Sassano, sold their entire token stash, worth a tidy sum of $230K and $185K, respectively. One can only assume they had better things to spend their money on, like a yacht named ‘The S.S. Sell-Off’.
Not to be outdone, MERT decided to part with a mere 80% of his $340K allocation. One wonders if he’s saving the rest for a rainy day or perhaps a new pair of golf shoes.
Kaito AI, in a stroke of brilliance, had allocated 20% of its tokens to airdrops and incentives, hoping to spread the love and foster a community. Alas, it seems the love was a one-way street, and the community is now left holding the bag. Analyst Anndy Lian predicted a “big hype, big spike, then a massive sell-off,” and by Jove, he was spot on!
The rapid liquidation by these key backers has left the community with a sour taste in their mouths and a hole in their wallets. As of now, KAITO is trading at $1.23, down 5.45% in the last 24 hours. One can only hope the next token will be named ‘KRYPTO-KLINGER’ and stick around a bit longer. 🙄
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2025-02-20 23:32