The post ACT Plummets 50% as Dev Sells $730K Worth appeared first on Coinpedia Fintech News
In a recent transaction, the ACT development team has started to offload their holdings. The team sold 34.2 million ACT tokens in exchange for 4,340 SOL worth nearly $730,000. Due to the sudden sale, the ACT market price dropped by 52%. Despite this massive sale, the team continues to hold 21 million ACT worth ~$630,000. Initially, the team had 126 million ACT bought for 4 SOL and profited $1.25 million by selling 52.4 million ACT across multiple wallets.