The Whale That Is The Biggest Owner Of This Altcoin Sold Massively, Dumping The Price! “There Was A Drop Of Over 50 Percent!”

While Bitcoin and altcoins have been experiencing sudden and sharp declines in the last 24 hours, there was also a major decline in memecoin HarryPotterObamaSonic10Inu (BITCOIN), which has a market value of over $200 million.

According to a post by on-chain data monitoring platform Lookonchain, the largest BITCOIN holder, the 0xdC…1820 address, sold 24 million BITCOIN tokens for 50.17 WBTC (worth approximately $3.53 million) on Uniswap today.

After this sale, HarryPotterObamaSonic10Inu’s value dropped by over 50%.

This whale spent 29.92 Ethereum worth $54k to buy 54.8 million BITCOIN in May and June 2023.

Having previously sold 28.8 million BITCOIN for 21.4 ETH ($39,000), he has held on to the remaining 26 million BITCOIN to date, making a total profit of $3.51 million.

The largest holder of $BITCOIN(#HarryPotterObamaSonic10Inu) sold 24M $BITCOIN($5.34M) for 50.17 $WBTC($3.53M) 4 hours ago, causing the price of $BITCOIN to plummet by 52%.

In May and June 2023, he spent 29.92 $ETH($54K) to buy 54.8M $BITCOIN and sold 28.8M $BITCOIN for 21.4… pic.twitter.com/48ixongNOG

— Lookonchain (@lookonchain) November 1, 2024

*This is not investment advice.