On-chain data shows that the KAITO project multi-signature wallet transferred a total of 24 million KAITO tokens to multiple addresses in batches over the past 5 days, with a total value of approximately $13.31 million. This large distribution has attracted market attention.

More notably, one address that received 5 million KAITO tokens transferred its entire holdings to a major exchange 8 hours ago, with a single transaction worth $2.82 million. Such large token movements to exchanges often imply potential selling pressure or liquidity preparation.

From the on-chain transfer patterns, the rapid exchange transfers following the synchronized receipt of tokens by multiple addresses reflect market participants' immediate response to the token's liquidity. Whether it is unlocking and release, ecological incentives, or other distribution purposes, these on-chain movements are worth close monitoring by traders and investors.