KAITO, a new cryptocurrency, sparks interest from market participants as a whale withdraws massive amounts of tokens and sends them for staking

This came after data from Onchain Lens reported that a whale withdrew massive amounts of KAITO tokens from an exchange and sent them for staking.

A newly created wallet has withdrawn 1M $KAITO tokens for an amount of $2.5 million from Binance and sent it for staking. The whale then sent all the tokens for staking.

Such huge transactions by big investors often have a massive effect on the market. This normally suggests changes in market sentiment or repositioning assets in a portfolio as a response to market fluctuations.

In this context, the whale’s move to stake the withdrawn Kaito tokens coincides with the ongoing trend surrounding the Kaito network.

The whale’s action demonstrates a long-term optimism in the token’s potential for growth.

"Staking continues to increasingly attract investors to let their assets work for them by earning rewards for locking up their tokens to support a blockchain network’s operation and security.

Staking does not just reward investors but also creates an opportunity for them to grow their holdings without active trading. This aspect makes it an attractive option for long-term investors and people looking for constant regular earnings," the report notes.

The whale’s activity is important as it hints at the outlook of the future market movements. It suggests a rising interest in KAITO and its growth potential in the digital asset market.

The move by the whale comes after Kaito launched its staking reward functionality on February 21, 2025.

This whale’s action encourages investors to maximize their earnings through KAITO staking, which offers a 35.0% APY for people seeking to expand their crypto portfolio.

The KAITO token has become a prominent player in the crypto world due to its AI-driven abilities. The crypto AI token was launched earlier this month, on February 20.

By the following day, its trading volume surged to $3 billion, showing the massive interest from users.

This increase in volume occurred because of the KAITO airdrop, which was almost 20% of its total supply.

The token is one of today’s best performers in the broader digital asset market. It is currently trading at $2.78, after seeing a massive 50.4% rise over the past 24 hours.

Also, its trading volume surged by 283.50%, indicating increased participation from traders and investors.