ACT developers sold tokens for over one million profits, causing token prices to plummet by 52%

Odaily Planet Daily News: According to Lookonchain monitoring, ACT developers sold 34.2 million ACT units in a single transaction for a total value of 4340 SOL (approximately $730000), causing ACT prices to plummet by 52%. Developers still hold 21 million ACT (approximately $630000) and may sell again. It previously spent 4 SOLs to purchase 126 million ACT and sold 52.4 million ACT through multiple wallets, earning 7455 SOLs (approximately $1.25 million) in revenue. Although the developer burned some ACT, they still hold 21 million ACT (approximately $630000) in three wallets. Address: 51B3ZUzgsSgToFg1aeQo4CgkPhkaNknw5Y3yPxxBhfCB 5R4RJojpoKNwBcJNgVYGtwXdmhyEHWXGDBQqAmericapLfcW 4SEGtfddmkiTChmn7zfRfWbNvZT2gcFWyfYe41u9YQEs