Kaito founder Yu Hu purchased 1 million KAITO and locked it up

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According to Foresight News, Yu Hu, the founder of Kaito AI, stated on X that over the past few days, he has used personal funds to purchase 1 million KAITO tokens through TWAP, valued at approximately $1.4 million, and has fully staked them, making him the second-largest KAITO staker on-chain.

Yu Hu has also set up a milestone-based unlocking mechanism for these tokens: 50% will be unlocked when the Kaito protocol's revenue reaches $50 million, and 100% will be unlocked when it reaches $100 million. He stated that he will elaborate on the reasons for this operation, Kaito's vision, and his long-term bullish perspective on KAITO tomorrow.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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