Crypto whale Ansem missed out on a 284% price spike after selling newly issued KAITO AI tokens for $206,500

A crypto market observer has spotted an unusual transaction involving crypto kitty Ansem and newly issued KAITO AI tokens.

A crypto market observer has spotted an unusual transaction involving crypto kitty Ansem and newly issued KAITO AI tokens.

As the saying goes, curiosity killed the cat, but in Ansem's case, it seems to have brought him a tidy sum. The crypto kitty, known for making strange transactions, recently purchased 215 newly issued KAITO AI tokens for 10 ETH (about $11,300 at the time).

What's surprising about it is that the whale quickly sold KAITO for $206,500, thus missing out on the big price spike a few days later.

According to an observer, KAIRO has surged 284% after crypto whale Ansem sold his 215 KAITO tokens for $113.

As sometimes happens, KAITO's recovery followed a massive sell-off. After the listings, KAITO bounced back and outperformed the entire cryptocurrency market, which was under bearish pressure.

Recently launched token bounced off last Friday's low of $1,2656 and began a six-day streak of daily gains. In total, it has gained 130% since its low, hitting an all-time high of $2,9186 on Thursday of this week.

At the moment, KAITO's bullish momentum is maintained despite a small pullback that saw the crypto token drop to $2,7140.

Against this backdrop, KAITO's market capitalization rose to $700 million, but then fell back to $655 million. The crypto asset's intraday volume grew by 189%, exceeding $2 billion (data from crypto data aggregator CoinmarketCap).