Kaito AI’s much-anticipated airdrop has sparked concerns as early backers offloaded their tokens immediately after launch.
According to Arkham Intelligence, prominent recipients sold a significant portion of their allocations. Notable figures such as ANSEM and Anthony Sassano sold 100% of their tokens, valued at $230K and $185K, respectively.
Early Backers Dump 100% KAITO token, Source: X
Meanwhile, MERT offloaded 80% of his $340K KAITO allocation. This sell-off aligns with previous concerns over insider allocations and potential dumping risks.
Kaito AI had allocated 20% of its total token supply to airdrops and incentives, aiming to reward early supporters and drive adoption. However, analysts like Anndy Lian had warned of a “big hype, big spike, then a massive sell-off” scenario, which now appears to be playing out.
The rapid liquidation by key backers may impact community trust and future price movements. As of now, KAITO is trading at $1.23, down 5.45% in the last 24 hours.
