On-chain monitoring firm Lookonchain discovered that a newly created wallet received 9.3 million KTA tokens, worth $685,000, and 2 billion GALA tokens, worth $3 million, via a cross-chain bridge. The wallet subsequently sold these tokens for 1,902 ETH (approximately $3.64 million). This action caused the price of KTA to plummet by 37% and GALA by 15%.