Solana Ecological AI Project Kled Team Wallet Sells $800000 in Tokens After Promising $500000 Repurchase Plan

According to Cryptoslate, the Kled team associated wallet of Solana's ecological AI project has been exposed to have transferred 58.25 million KLEDs (worth $800000) between May 31 and June 7, far exceeding its promised $500000 repurchase plan on May 28. In addition to the initial repurchase, Kled AI also promises to continue repurchasing tokens from the market as part of a $500000 repurchase plan. According to on chain data, after these tokens were dispersed to 99 new addresses, approximately $221000 was exchanged for fiat currency through ChangeNow, and the remaining $480000 was converted into USDC. The project founder Avi Patel admitted to the sale, stating that it was necessary for the team's operational expenses, but did not disclose it to the community in advance. On chain data shows that the transferred tokens account for 3% of the circulation, which may have a significant impact on the price.