On November 1st, according to Lookonchain monitoring, ACT developers sold 34.2 million ACT in a single transaction for a total value of 4,340 SOL (approx. US$730k), resulting in ACT’s price decreasing by 52%. The developer still possesses 21 million ACT (approx. $630k) and could potentially sell more.
Previously, the developer purchased 126 million ACT for 4 SOL and sold 52.4 million ACT across various wallets, making a profit of 7,455 SOL (approx. US$1.25 million).
[Source link](https://m.theblockbeats.info/news/268744)