PANews reported on July 24 that according to the monitoring of on-chain analyst @ai_9684xtpa, the whale/institution that pledged KAITO two months ago was suspected to have stopped loss and left the market, with a loss of $1.17 million. The address withdrew 1.79 million KAITO (worth $3.99 million) from Binance at an average price of $2.23 on May 29; when the pledged tokens were recharged back to Binance 10 hours ago, the value was only $2.82 million, and the currency price fell by 43% during this period.