KAITO, an altcoin, has been on a strong downtrend since facing rejection at $1.37 nearly two weeks ago.
The bearish trend extended with KAITO breaching the $0.7 support and dropping to $0.65.
At press time, KAITO was trading around $0.67, down 31% on the weekly charts.
A whale bought 1.917 million KAITO worth $1.32 million from Coinbase, raising total purchases to 2.815 million KAITO worth $2.36 million.
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