On May 16th, the cryptocurrency analytics platform LookIntoChain reported significant activity involving crypto influencer pow (@traderpow), who divested a substantial **7.6 million** LAUNCHCOIN for approximately **$0.203** each. This transaction, totaling around **$1.54 million**, resulted in acquiring **9,040 SOL**. Currently, pow retains a notable balance of **4.75 million LAUNCHCOIN**, valued at around **$1 million**, alongside an additional **4.49 million LAUNCHCOIN** held within a liquidity pool estimated at **$950,000**. This strategic move highlights the ongoing volatility and trading dynamics within the crypto market, particularly concerning LAUNCHCOIN’s liquidity and valuation. Market analysts suggest that such large-scale transactions may influence investor sentiment and the overall market landscape as the demand for crypto assets continues to evolve.
Source: https://en.coinotag.com/breakingnews/crypto-kol-pow-sells-7-6-million-launchcoin-for-9040-sol-in-major-trade/