I've stripped down to just one pair of underwear regarding KITE's institutional chips; the true cost and unlocking calendar of the institutions are fully exposed.
Data source: On-chain large labels + an Excel file directly provided by two leading market-making friends, with an error of no more than 2%. I have said everything I can today. The total institutional holding is approximately 1.22 billion pieces, accounting for 12.2% of the total supply, with an average cost of $0.076. The current price is $0.0972, with a floating profit of 27.9%, but no one can escape because everyone signed a lockup agreement. The most ruthless ones are: PayPal Ventures: 285 million pieces, cost $0.066, locked until October 30, 2026. Internally, they regard KITE as the 'Visa of the Machine Age,' and have no intention of short-term trading. General Catalyst: 182 million pieces, cost $0.071, unlocking on April 30, 2026.
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