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>>A crucial $2.82 million Binance deposit by KAITO Token draws attention to a $13 million multisig withdrawal.

A crucial $2.82 million Binance deposit by KAITO Token draws attention to a $13 million multisig withdrawal.

crypthub

1 day ago

Deposit Overview

The Kaito project moved five million KAITO tokens, worth about $2.82 million, to Binance. The deposit was recorded eight hours before reporting and came from a secured multisig wallet. It represents a portion of a larger $13.31 million transfer involving 24 million KAITO tokens.

Transfer Mechanics

Five days earlier the 24 million KAITO left the primary multisig and was split among five anonymous addresses, a practice known as “smurfing.” This fragmentation is typically used for operational flexibility or privacy. The subsequent Binance deposit introduces the tokens into a highly liquid market while retaining multisig governance.

Market Implications

Analysts view such moves as potential preparation for liquidity provision, vesting unlocks, or funding of ecosystem activities. A deposit does not guarantee an immediate sale, but it can affect order‑book depth and price volatility. Ongoing monitoring of Binance’s trading activity and project communications will indicate whether the transfer is routine or a precursor to larger market shifts.

A crucial $2.82 million Binance deposit by KAITO Token draws attention to a $13 million multisig withdrawal.

Deposit Overview

Transfer Mechanics

Market Implications

A crucial $2.82 million Binance deposit by KAITO Token draws attention to a $13 million multisig withdrawal.