Major HarryPotterObamaSonic10Inu Holder Sells 24M Tokens, Causing 52% Price Drop

According to Lookonchain’s monitoring, on November 1, the largest holder of HarryPotterObamaSonic10Inu, a meme coin, sold 24 million of these tokens four hours ago. The total value of the sold tokens was 50.17 WBTC, or approximately $3.53 million, resulting in a 52% decrease in the HarryPotterObamaSonic10Inu cryptocurrency’s price.

Between May and June this year, the seller spent 29.92 ETH, equivalent to $54,000, to purchase 54.8 million HarryPotterObamaSonic10Inu tokens. They sold 28.8 million of these meme tokens for 21.4 ETH, or roughly $39,000. Consequently, the seller still holds 26 million tokens and has a total profit of $3.51 million to date.

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