【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.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
5
Repost
Share
Comment
0/400
RektButSmiling
· 4h ago
The feeling of developers running away directly, and still holding 3% of the chips, is this teaching retail investors a lesson?
View OriginalReply0
BlockImposter
· 23h ago
The standard operation before developers run away, I just wonder why this coin is so outrageous
---
80% directly cut in half, what kind of game is this
---
Holding 3% chips? Haha, what are you pretending for, there will definitely be more later
---
It should have been obvious early on, this kind of project is just a scam
---
Everyone, take your time to lose money on short-term trades, I don't touch this stuff
---
Another classic rug pull plot, it's boring
---
The developer's methods are indeed ruthless, the market hasn't even reacted yet
---
3% sounds small, but who knows how many more times they will dump later
View OriginalReply0
not_your_keys
· 01-22 11:02
I've seen too many cases of developers running away, and this time 80% was directly smashed through. That's pretty harsh.
View OriginalReply0
AltcoinTherapist
· 01-22 10:59
Developers run away and dump the tokens directly. Are you tired of this routine? You should have been cautious long ago.
---
80% drop? So I’ve become the bagholder again. Oh my.
---
Still holding 3% of the chips? Why isn’t this guy continuing to sell? Keeping us in suspense.
---
That’s why I don’t touch small coins. It’s too刺激, my heart can’t take it.
---
The key is, who knows if he’s really running away or just doing another wash? Isn’t this Schrödinger’s developer?
---
Short-term holders are getting wiped out instantly. Is it their own fault? It’s hard to say.
---
On-chain data can’t tell what’s real or fake anymore. Might as well just gamble.
---
Dropping 80% all at once and still daring to be so blatant. Does this developer think no one can restrict him?
---
3% may not sound like much, but who can guarantee this isn’t just the prelude to the next round?
View OriginalReply0
TradFiRefugee
· 01-22 10:50
The developer personally dumped the market; this tactic is really clever, leaving 3% to tease investors.
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.