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TechFlow reports that on January 22, according to blockchain analytics platform Lookonchain (@lookonchain), a newly created address spent 470,000 USDC to purchase 10.19 million RALPH tokens. Shortly after the purchase, RALPH's price plummeted, and the address sold all 10.19 million RALPH tokens for 114,861 USDC, incurring a loss of approximately $355,000 within hours.
According to on-chain analytics platform Lookonchain (@lookonchain), a newly created address spent 470,000 USDC 11 hours ago to purchase 10.19 million RALPH tokens. Shortly after the purchase, RALPH plummeted in price, prompting the address to sell all 10.19 million RALPH for 114,861 USDC, incurring a loss of approximately $355,000 within a few hours.
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