Data: ACT developers sold their holdings for 4,340 SOL, and the ACT price plummeted by 52%

According to ChainCatcher news, monitored by Lookonchain, ACT developers sold 34.2 million ACT in a single transaction for a total value of 4,340 SOL (approximately $730,000), causing the ACT price to plummet by 52%. The developers still hold 21 million ACT (approximately $630,000) and may sell again.

Previously, the developers spent 4 SOL to purchase 126 million ACT and sold 52.4 million ACT through multiple wallets, earning 7,455 SOL (approximately $1.25 million).