A large investor pledged KAITO two months ago and recharged it back to CEX, with a book loss of 1.17 million US dollars

Odaily Planet Daily News According to the monitoring of crypto analyst Ai Aunt @ai_9684xtpa, a suspected large investor or institution withdrew 1.79 million KAITO from CEX at an average price of $2.23 on May 29, which was worth about $3.99 million at the time. 10 hours ago, the address recharged the remaining KAITO back to CEX, and currently only about $2.82 million is left. During this period, the currency price fell by 43%, and the book loss was about $1.17 million. The user used this batch of KAITO for staking, and it is not clear whether the staking rewards can make up for the losses.