Let’s take a Quick Look at what’s happening to $KAITO staking.
The total amount of staked Kaito is dropping fast, from 30M to currently 23M (20M bottom?)
At the same time unique stakers are relatively stable. Meaning new stakers are coming in almost as much as old stakers are exiting.
With the total amount staked still dropping fast, this simply means either whale holders are exiting and smaller ones are jointing or current stakers are simply downsizing their bags while remaining stakers.
My guess is the latter.
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