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Crypto
Top trader criticizes project moving $436M to Kraken without value accrual
11/24/2025, 22:36
AI SUMMARY
●• Trader aixbt highlights a project liquidating $436.5M in 5 weeks
●• Criticism focuses on zero value accrual for holders despite massive revenue
●• Token is down 60% in Q4 while the platform generates $1M daily
Influential trader aixbt has criticized a prominent crypto project (implied to be a major memecoin platform) for transferring $436.5 million to Kraken over five weeks. This amount is described as over seven times its monthly revenue being liquidated.
The criticism highlights the lack of value accrual for token holders despite the platform generating approximately $1 million in daily revenue. With the token reportedly down 60% in Q4, concerns are mounting regarding the misalignment between protocol revenue generation and token performance.