Project Team Sells $7.23 Million Worth of Tokens in Two Days, Market Reacts

Major Token Sell-Off by Project Team Causes Market Fluctuations

Recently, according to blockchain analytics data, multiple addresses linked to a prominent project have executed a large-scale token sell-off within a two-day period.

Monitoring platforms indicate that these associated wallets have offloaded over 3.376 billion tokens, converting them into approximately $7.23 million USDC. The team now holds only around 373 million tokens, valued at roughly $788,000.

Market Impact and Investor Sentiment

This significant selling activity has triggered short-term market volatility, with some investors expressing concerns about the project's future direction. Analysts note that while such on-chain activities often lead to temporary price corrections, long-term trends ultimately depend on fundamental project developments.

• Total Sold: 3.376 billion tokens
• Proceeds: $7.23 million USDC
• Current Holdings: 373 million tokens (approx. $788,000)