KAITO whale adds $1.32M as token tests $0.60 support

A whale bought 1.9 million KAITO worth $1.32 million from Coinbase, lifting total accumulation to 2.8 million tokens as the altcoin tests $0.60 support.

The wallet has now accumulated 2.815 million KAITO worth $2.36 million across multiple purchases, with the latest 1.917 million-token buy executed on Aug. 10, according to on-chain data.

The accumulation comes as KAITO, an AI-focused token, trades lower with sellers pressing toward the $0.60 level. The whale's average entry across all purchases sits near $0.84, implying the latest buys add to a position now roughly 28 percent underwater as the token declines.

Whether the whale's buying can halt the slide depends on whether $0.60 holds. A break below that level could trigger further sell-offs, while sustained accumulation may stabilize the token and set up a rebound toward prior levels.

The whale's buying pattern mirrors a broader trend of large holders adding to AI-token positions during drawdowns, even as bitcoin dominance pressures the wider altcoin market. KAITO's decline comes as risk appetite across crypto remains uneven, with traders rotating between large-cap tokens and AI-related projects. The token's slide reflects a cooling in AI-crypto enthusiasm after a period of strong inflows into projects tied to artificial intelligence.

On-chain data shows the whale's purchases have been spread across multiple transactions rather than a single large order, a pattern often associated with accumulation strategies designed to avoid moving the market. The latest buy from Coinbase suggests the wallet is sourcing tokens from exchange liquidity rather than over-the-counter deals. The wallet's average entry near $0.84 means the position is now roughly 28 percent underwater at the $0.60 level, a measure of conviction among large holders.

The $0.60 level has emerged as a key technical marker for KAITO traders. If the token holds above it, the recent whale accumulation could provide a floor and attract additional buyers. A decisive break below, however, would open the door to a test of lower support zones, potentially accelerating losses for holders who bought at higher prices.

For the broader AI-crypto sector, KAITO's price action offers a gauge of appetite for AI-themed tokens, which have drawn both speculative interest and skepticism about valuations. The outcome of the $0.60 test could influence positioning across similar projects in the coming sessions, with traders watching whether whale accumulation proves durable or gives way to broader distribution.

This article is for informational purposes only and does not constitute investment advice.