KAITO surges 35% as 4.452 million tokens leave Binance in four days
Six wallets withdrew $5.61 million worth of KAITO over four days as the token climbed from $0.93 to $1.26 and extended its monthly gain to 193%.
KAITO
Fact Check
The primary source, EmberCN's X post, precisely matches every element of the claim: 4.452M KAITO withdrawn (~$5.61M) by 6 wallets over 4 days, a 35% price rise from $0.93 to $1.26, and a 193% monthly gain. Three independent crypto news outlets (CoinNess, BlockBeats, PANews) reproduce these figures citing the same analyst. The claim headline's '35% surge' refers to the 4-day move while '193%' is the monthly gain—both consistent with the source. Uncertainty remains because the on-chain analysis is from a single analyst and is not independently confirmed by Binance or blockchain explorers within this run.
Summary
KAITO climbed 35% over the past four days, rising from $0.93 to $1.26 as six wallets withdrew 4.452 million tokens worth $5.61 million from Binance to on-chain wallets. The activity, cited by Odaily from on-chain analyst EmberCN, coincided with a broader one-month rally that saw KAITO advance 193% from $0.43 to $1.26. Traders often watch exchange outflows closely because tokens moving off centralized venues can reduce readily available selling supply.
Terms & Concepts
- on-chain wallets: Blockchain-based addresses that hold tokens directly rather than through an exchange account.
- exchange outflows: Token movements from a trading platform to external wallets, often tracked for signs of changing market supply.
- centralized venues: Crypto trading platforms operated by companies that custody user assets and process trades internally.