RALPH coin price plummets 89%: Developer's $300,000 sell-off triggers BAGS ecosystem controversy

LiquiditySurfer · 2026-01-22T10:34:10+00:00

The Meme coin RALPH in the BAGS ecosystem recently collapsed, with its market capitalization dropping from $59 million to $6.16 million, a decline of over 89%. Developers sold approximately $300,000 worth of tokens, causing significant losses for token holders, and developers still hold 3% of the tokens, posing a continued risk of further dumping.

LiquiditySurfer

2026-01-22 10:34:10

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【Blockchain Rhythm】The Meme coin RALPH in the BAGS ecosystem has just experienced a shocking crash. According to the on-chain data tracking platform Bubblemaps, the project’s developers recently sold tokens worth approximately $300,000, directly causing the price to plummet by 80%.

Even more heartbreaking, RALPH’s market cap has dropped from its peak of $59 million today to just $6.16 million — a decline of over 89%, with the market cap almost evaporated. For those holding the coin, their feelings at this moment can be imagined.

It is worth noting that the developer-related addresses (clusters) still hold about 3% of the token supply. This means the sell-off has not completely ended, and there is still a risk of further dumping. This incident once again reminds Meme coin investors: seemingly hot ecosystem projects can quickly turn into arbitrage tools with a slight misstep.

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GasFeeLover

· 1h ago

It's the developer running away again, RALPH is really beyond saving this time. Still holding 3% in the developer's hands? That's a ticking time bomb. From 59 million down to 6.16 million, this is the fate of meme coins... Seemingly hot but actually just a game of hot potato. The BAGS ecosystem is also starting to fall apart, are there still people bottom fishing? Where is the promised community governance? It ended up being just a harvest. Next time I see a new ecosystem, I’ll just pass—it's all a scam. I'm numb, $300,000 evaporated overnight—how many investors' dreams were lost? Only 3% left to crash? Let’s wait and see how much more it will fall.

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BearMarketBuilder

· 3h ago

It's the old trick again, developers run away and dump the price... there's still 3% of this crappy coin left to sell, truly unbelievable. --- RALPH dropped 89%? Laughable, this is the fate of meme coins. --- Invested $300,000 directly, the coin price halved, and some people are still buying in? --- It’s always the same, eco-projects rise for a few days then become tools for rug pulls, impossible to defend against. --- Holding 3% still, let's wait and see if it gets hammered again, these developers are so disgusting. --- 89% decline... I just want to ask these bagholders what they’re thinking. --- Meme coins are basically gambling, don’t blame the developers for nothing, wake up everyone. --- Fell from a $59 million market cap to $6.16 million, such speed is unprecedented. --- Look at this move, typical "I'll cut a wave first and then talk," so obvious. --- Current holders are probably smashing their keyboards, deserved? No, they *do* deserve it.

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WalletDetective

· 3h ago

89%？Oh my god, this developer is really ruthless Another old trick of Meme coins scamming investors, still holding 3%, and paying off RALPH investors are probably going to be eating dirt now, so tragic These kinds of ecosystem projects are not worth touching at all, the tricks are too deep

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CryptoHistoryClass

· 3h ago

ngl, 89% dump in a day? *checks historical charts* this is literally the playbook from every meme coin collapse since $LUNA. devs still holding 3%, lmaoooo they're not even done rugging yet

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BankruptWorker

· 3h ago

It's the old trick of developers running away again. A 89% crash, and I just laughed. Still waiting for the 3% drop. --- RALPH? Never heard of it, but this move by the developer is truly brilliant. --- It’s always like this. Meme coins are just casinos. Wake up, everyone. --- Invested 59 million, dropped to 6.16 million. How many people lost out... Can’t even look at the holdings. --- Really, ecosystem projects? Just say it’s a Ponzi scheme. Stop pretending. --- There’s still 3% left. Is this a threat to dump more on the follow-up? --- The developer can do this with just 300,000. It shows no one really believes in this thing. --- Why is it always like this? Do people still dare to touch Meme coins? --- Market cap evaporated over 50 million. The developer just made a huge profit. --- On-chain data is all blown up. Still want to buy the dip? Truly impressive.

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