KITE Large Transfer Activity: Team Wallet Recently Acquired Over $1.43 Million Tokens

NullWhisperer · 2025-12-22T15:20:10+00:00

Recently, the large transfers of KITE Token have attracted attention, with nearly $900,000 worth of KITE being transferred to the team's Wallet in the past 2 hours, and another $530,000 also following the same path, totaling over $1,430,000. These concentrated transfers indicate that the project party may be managing assets, which is worth continuous follow from traders.

NullWhisperer

2025-12-22 15:20:10

Abstract generation in progress

[Coin World] Interesting on-chain dynamics. According to monitoring data, there has been a significant sign of large transfers of KITE Token recently. In the past 2 hours, KITE worth approximately $900,000 (close to 9.84 million coins) has been transferred into two internal wallets of the teams. More noteworthy is that these tokens were all withdrawn from multiple exchanges over a period of nearly 3 days.

About 8 hours ago, another transaction of $530,000 worth of KITE also entered the team wallet through the same withdrawal path. In total, the team has transferred over $1.43 million in tokens in a short period.

From the transfer path from the exchange to the team wallet, this does not seem like retail behavior, but rather a relatively concentrated capital dispatch. Is it the project team managing assets centrally, or is there another consideration? This phenomenon is indeed worth traders' continuous observation on-chain.

KITE1,51%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes