Data: KTA Fell 37%, GALA Fell 15%, and a Newly Created Address Sold 9.3 Million KTA and 2 Billion GALA.
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KTA Crashes 37% After Whale Wallet Dump
KTA fell sharply after a newly created cryptocurrency wallet transferred millions of tokens through cross-chain bridges and subsequently sold the assets for Ethereum, triggering steep declines in both KTA and GALA. The wallet reportedly bridged approximately 9.3 million KTA tokens, valued at about $685,000, along with 2 billion GALA tokens worth roughly $3 million. The combined holdings were then exchanged for about 1,902 ETH, valued at approxim…
According to ChainCatcher, Lookonchain monitoring revealed that a newly created address received 9.3 million KTA and 2 billion GALA through a cross-chain bridge, subsequently sold them for 1,902 ETH, worth $3.64 million, causing KTA to drop by 37% and GALA by 15%.
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