A crypto market observer has spotted an unusual transaction involving crypto kitty Ansem and newly issued KAITO AI tokens.
What's surprising about it is that the whale quickly sold KAITO for $206,500, thus missing out on the big price spike a few days later.
According to an observer, KAITO has surged 284% after crypto whale Ansem sold his 215 KAITO tokens for $113.
As sometimes happens, KAITO's recovery followed a massive sell-off. After the listings, KAITO bounced back and outperformed the entire cryptocurrency market, which was under bearish pressure.
Recently launched token bounced off last Friday's low of $1,2656 and began a six-day streak of daily gains. In total, it has gained 130% since its low, hitting an all-time high of $2,9186 on Thursday of this week.
At the moment, KAITO's bullish momentum is maintained despite a small pullback that saw the crypto token drop to $2,7140.
Against this backdrop, KAITO's market capitalization rose to $700 million, but then fell back to $655 million. The crypto asset's intraday volume grew by 189%, exceeding $2 billion (data from crypto data aggregator CoinmarketCap).