RALPH token sold off by developers: $300,000 dump triggers -80% plunge

【Chain News】The on-chain data aggregation platform Bubblemaps has recently uncovered a significant token dump event. The developer of RALPH recently sold off a token position worth $300,000 all at once, instantly triggering a price crash with a single-day decline of up to -80%. This rapid and severe drop caught many token holders off guard. Interestingly, the early investors who entered the project still hold about 3% of the total token supply. Such developer cash-out behaviors are not uncommon in emerging tokens and often indicate adjustments in the project’s fundamentals or future outlook.