Six anonymous cryptocurrency wallets withdrew approximately $5.61 million in KAITO tokens from Binance between February 20 and February 23.
The large-scale withdrawals coincided with a 35% price increase for KAITO, which rose to $1.26 during the same period.
According to on-chain data tracked by analytics platform EmberCN, the total sum represents a significant portion of KAITO's circulating supply.
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