Two months ago, the giant whale/institution that pledged KAITO was suspected of taking a stop loss and leaving, resulting in a loss of $1.17 million

According to on chain analyst @ ai_9684xtpa monitoring, the giant whale/institution that pledged KAITO two months ago is suspected to have cut losses and left, resulting in a loss of $1.17 million. On May 29th, the address withdrew 1.79 million KAITOs (worth 3.99 million US dollars) from Binance at an average price of 2.23 US dollars; 10 hours ago, the pledged token was recharged back to Binance with a value of only 2.82 million US dollars, during which the coin price dropped by 43%.