According to on-chain data tracking, the Kaito multi-signature contract token distribution activity has once again attracted attention.

Five days ago, this multi-signature address distributed a total of 24 million $KAITO to five wallets, with a market value of approximately $13.31 million at that time. One particular transfer is especially noteworthy — the address that received the tokens transferred all 5 million $KAITO (worth about $2.82 million) to a major exchange just 8 hours later.

The rapid movement from multi-signature distribution to exchange deposits reflects the liquidity situation during the project's early distribution phase. Such on-chain transfer data is often used by market participants to anticipate liquidity pressure and changes in exchange holdings. The timing of KAITO's transfer from issuance to exchange deposit also serves as a window into the intentions of project teams and institutional investors.