A new crypto wallet received 9.3 million KTA tokens and 2 billion GALA tokens via cross-chain transfer, then sold the assets, with suspected cash-out activity leading to a sharp plunge in the value of both tokens.

53 minutes ago

According to Lookonchain monitoring, a newly created wallet received 9.3 million KTA (valued at approximately $685,000) and 2 billion GALA (valued at around $3 million) via a cross-chain bridge, then sold all these tokens to obtain 1,902 ETH (worth about $3.64 million). This large-scale sell triggered sharp market volatility; data from HTX’s market shows that KTA’s price once dropped by 37%, while GALA’s price fell by 15%.

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