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 News According to the monitoring of crypto analyst Aunt Ai @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 US dollars are left. During this period, the price of the currency fell by 43%, and the book loss was about 1.17 million US dollars. The user used this batch of KAITO for staking, and it is not clear whether the staking rewards can make up for the losses.