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Kaito multi-signature wallet has recently made a big move. Five days ago, it distributed 24 million $KAITO tokens to five addresses all at once, with a total value of approximately $13.31 million.
What's even more interesting is that one of the addresses, which received 5 million $KAITO (worth $2.82 million), moved all the tokens to a major exchange 8 hours ago. This kind of large-scale concentrated selling has caught many people's attention.
From on-chain data, this series of actions is indeed worth noting—multi-signature decentralized distribution, followed by rapid aggregation to an exchange. What does this process usually indicate?