On June 16, according to Cryptoslate, the Kled team, an AI project in the Solana ecosystem, was reported to have transferred 58.25 million KLED (worth $800,000) from their associated wallet between May 31 and June 7, far exceeding their promised $500,000 buyback plan on May 28. In addition to the initial buyback, Kled AI also promised to continue buying back tokens from the market as part of the $500,000 buyback plan. On-chain data shows that after being dispersed to 99 new addresses, approximately $221,000 was exchanged for fiat currency through ChangeNow, while the remaining $480,000 was converted to USDC.
Project founder Avi Patel admitted to the sale, stating it was necessary for 'team operational expenses,' but did not disclose it to the community in advance. On-chain data shows that the transferred tokens accounted for 3% of the circulating supply, which could have a significant impact on the price.

#AI #USDC