Bearish KAITO Prices Spark Whale Buying Amid Market Volatility

KAITO's price has been in decline since hitting resistance at $1.37 two weeks ago, and it continues to fall, breaching the $0.7 support level and dropping to $0.65. At press time, KAITO was trading around $0.67, down 31% on the weekly charts.

The trading volume has declined by 54%, falling to $40 million, with the market cap decreasing to $163 million, indicating reduced market activity and capital outflows.

However, one whale has taken the opportunity to buy the dip, purchasing 1.917 million KAITO worth $1.32 million from Coinbase, increasing their total purchases to 2.815 million KAITO worth approximately $2.36 million.