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RALPH developers massively sell off, causing the token to plummet by 80%—yet the holders still hold 3% of the chips
【Crypto World】Interesting things are happening. The developer of RALPH tokens recently carried out a series of direct sell-offs, selling off tokens worth $300,000 in one go. The market reaction was very straightforward—price dropped sharply, forming a -80% long bearish candle, which looked quite alarming.
According to on-chain data monitoring, after this operation, the original token holding cluster still holds about 3% of the total supply. Although this proportion doesn’t seem particularly high, the subsequent movements after such a sell-off are still worth paying attention to. After all, no one knows whether this is the beginning or the end.
Events like this can have a significant impact on short-term holders. Once large investors start reducing their positions, it often triggers a chain reaction. If you’re interested in such tokens, you should now be more cautious in your approach.