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Solana-based Kled AI faces scrutiny after wallets linked to its team moved $800K worth of KLED tokens post a $500K buyback announcement. On-chain data reveals conversions to USDC and potential market manipulation.
- Kled AI team-linked wallets moved $800K in KLED tokens post-buyback pledge, converting most to USDC.
- Founder Avi Patel admitted to sales for 'expenses,' but critics allege market manipulation risks.
- The incident underscores regulatory gray areas in crypto buybacks and insider transparency.
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