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Chain Analysis: $KITE Token Supply Concentrated in Whale Hands
Recent on-chain monitoring reveals a critical liquidity pattern for $KITE. The token's supply distribution shows substantial concentration among major holders.
Here's the breakdown:
• Total circulating supply: 1.8 billion $KITE tokens
• Tokens sitting on major exchanges: 446 million $KITE
• Effective circulating supply (excluding exchange reserves): The remaining portion indicates limited float availability
What this means: When exchange liquidity is locked or concentrated, price volatility can spike dramatically with relatively modest trading volume. Large holders maintain significant influence over market movements. This supply structure is worth monitoring closely if you're tracking $KITE's price action and potential catalysts for the coming weeks.