KAITO token plummeted 18%! Before API access was disabled, did the team secretly transfer 24 million tokens?

2026-01-16 04:14:22

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【Blockchain Rhythm】X platform modified its API access policy last night, directly impacting many on-chain applications’ operations. KAITO platform was hit hardest—its token price plummeted in response, with a 24-hour decline of over 18%, and its market capitalization dropping from previous levels to $160 million.

More importantly, this move behind the scenes. Kaito’s multi-signature wallet quietly distributed a total of 24 million KAITO (worth approximately $13.31 million) to 5 addresses two weeks ago. One of the recipient addresses received 5 million tokens, which were transferred and dumped into a major exchange on January 9th, totaling about $2.82 million worth of KAITO.

The community has erupted—some suspect that the Kaito team might have known about the API ban in advance and took the opportunity to liquidate their holdings. The timing is quite tight, as 1.1 million KAITO tokens are set to unlock tomorrow, and the KAITO unbonding period is 7 days. With both the unlocking pressure and rumors of early team liquidation, what do you think the market will do?

KAITO-4,09%

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