Kiln transfers 13.69 million TON in a short period; four equal transfers reveal what signals

According to the latest news, a massive on-chain transfer occurred within the past few minutes. Kiln made 4 completely equal transfers to a TON address between 21:38 and 21:41, totaling 13,690,335.4 TON, with a total value of approximately $212 million. This highly regularized transfer pattern has attracted market attention.

Transfer Details Summary

Precise data of the four transfers

Why is this transfer noteworthy

This is not an arbitrary transfer. The four transfers were completed within 3 minutes, each with the same amount, accurate to two decimal places. Such regularity indicates this is a pre-planned operation rather than a spontaneous decision.

Kiln’s Transfer Pattern Analysis

Not the first large transfer

According to previous on-chain records, Kiln also performed a similar operation on January 20, 2026. That transfer involved 1.3161 million TON (worth about $2.0795 million), also flowing through a relay address into TON. This shows Kiln has a clear transfer strategy rather than random behavior.

Comparison of transfer patterns

This transfer scale is about 10 times larger than the previous one, and the method has shifted from a single transfer to multiple equal transfers.

Possible Reasons for the Transfer

Ecosystem support or liquidity release

Frequent large transfers by Kiln may indicate that the TON ecosystem is engaging in some form of liquidity support or resource release. Such operations are often associated with:

• Injecting liquidity into the market for the project
• Providing funding support to ecosystem partners
• Preparing for an important announcement or launch

Why split into 4 transfers

Splitting the transfer into multiple batches rather than a single transfer may serve several purposes:

• Avoiding market impact from a single large transaction
• Dispersing risk and observing market reactions
• Meeting phased requirements of protocols or collaborations
• Technical processing considerations

Market Context and Impact

Current market situation of TON

Based on the latest data, TON’s market performance remains relatively stable:

• Current price: $1.55
• 24-hour increase: 1.24%
• 7-day decrease: 12.64%
• Market cap rank: 27th
• 24-hour trading volume: approximately $98.78 million

Market significance of this transfer

A transfer of $212 million accounts for about 5.6% of TON’s circulating market cap of $3.77 billion. This is a substantial amount. If these tokens eventually enter the market for trading, it could exert short-term pressure on the price. However, if the transfer is for ecosystem support, it might be a positive signal.

Summary

Kiln’s large transfer demonstrates a clear operational intent. The four equal transfers completed within 3 minutes, combined with the precedent of a similar operation on January 20, suggest a planned, regularized transfer scheme. Whether for ecosystem support or liquidity release, such large-scale on-chain activity often indicates an important market movement. Future focus should be on whether these transferred TON will enter exchanges and how the price reacts. While this data cannot directly predict price trends, it provides a window into institutional behavior and market dynamics.