The ACT developer sold 52.4 million ACT at a price of 7,455 SOL, making a profit of 1.25 million US dollars

According to Lookonchain monitoring, ACT developers sold 34.2 million ACT in a single transaction for a total value of 4,340 SOL (approximately $730,000), causing the price of ACT to drop by 52%. The ACT developers had previously spent 4 SOL to purchase 126 million ACT and sold 52.4 million ACT through multiple wallets for 7,455 SOL ($1.25 million), making a profit of $1.25 million. The ACT developers still hold 21 million ACT ($630,000), so be alert for another potential sell-off.