sell

$KITE
KITE's price looks green, but on-chain data shows very dangerous signals.

🔻 1) TOP HOLDERS ARE SELLING (DISTRIBUTION)

According to Nansen data:
• Top 100 addresses = 9.29B KITE
• 30-day change: ↓ -0.42%
• Top 100 wallets hold 91% of the supply
• Distribution Score: 9 (very bad)

📌 Price rises, but top wallets exit → this is classic distribution.

⸻

🩸 2) HEAVY OUTFLOW FROM WHALE WALLETS (24H + 7D)

In the Balances section:
• Several "Token Millionaire" wallets: -1M, -713K, -683K, -670K, -621K, -422K, etc.
• In the "Token Billionaire" wallet:
• 24 hours: -96K
• 7 days: -5.16M

📌 This is no longer retail selling — this is a whale unload.

⸻

📦 3) VERY LARGE TRANSFERS (DUMP PREPARATION)

Nansen Transfers shows consecutive transfers:
• 3.90M (~$644K)
• 3.84M (~$633K)
• 3.13M (~$517K)
and more large transfers are visible.

📌 These types of transfers are often a payout/dump preparation.

⸻

⚠️ 4) TOKEN IS SENT TO 3 NETWORKS WITH THE SAME CONTRACT (VERY SUSPICIOUS)

The same contract address appears on all explorers:

0x904567252D8F48555b7447c67dCA23F0372E16be
• Avalanche → Snowtrace
• BSC → BscScan
• Ethereum → Etherscan

📌 This is a typical multi-chain scam/clone setup.

🚫 5) APPROVE TRAP RISK (WALLET DRAIN)

Most transactions on Snowtrace:
• Approve

📌 This is the most dangerous part of scam tokens:
When you approve, your wallet allowance is opened and the contract can drain your wallet later.
✅ CONCLUSION

Setup visible on KITE:
• Top 100 lines
• WHALE exit present
• Large transfers present
• Multi-chain contract is suspicious
• Approve trap risk present

This often ends like this:

📉 Sharp dump + latecomers' losses

🎯 Trade alert

If you're in profit:
✅ Partial take profit
✅ Tight stop-loss
❌ Don't chase green candles

Same KITE contract is showing on Ethereum, BSC and Avalanche — this is a typical multi-chain scam setup.
#sell #WhenWillBTCRebound #solana #ETH