Kaito AI 🌊 (@KaitoAI): On February 17, Kaito entered into a market-making agreement with Web3Port and voluntarily terminated the deal on February 27.

On February 17, Kaito entered into a market-making agreement with Web3Port and voluntarily terminated the deal on February 27. The agreement was one of several market-making agreements Kaito entered into around the February 20 TGE to support initial trading price stability. Within a week, Kaito felt that the execution by Web3Port was straying from the initial intent and Kaito made the swift decision to terminate it. This event predates the negative press and subsequent exchange investigations into Web3Port which started in March. Kaito Foundation has not sold a single KAITO token from the TGE and onward. In fact, Kaito Foundation has been a net buyer of the token through the ongoing buyback program.