According to CoinMeta, as monitored by on-chain analyst AI, four addresses have accumulated a total of 8.36 million Kaito, worth approximately 8.51 million US dollars. Among them, the largest position of Kaito on HyperLiquid has been closed out. A certain address (0x98c…3bc15) closed out a long position of 2.24 million Kaito at 03:10 today, incurring a loss of 994,000 US dollars. The opening price was 1.05 US dollars, and the stop-loss price was 0.67 US dollars. Meanwhile, the second-largest position, which was opened around the same time, has not yet been closed out and is currently suffering a floating loss of 2.227 million US dollars. A suspected Kaito trading address (0xf1f…60b14) requested 1.91 million Kaito from Coinbase 10 hours ago, worth about 1.32 million US dollars.