Golden Finance reported that according to monitoring by Lookonchain, ACT developers spent 4 SOL to purchase 126 million ACT, and sold 52.4 million ACT through multiple wallets for 7,455 SOL (1.25 million USD), making a profit of 1.25 million USD. In a single transaction, 34.2 million ACT were sold for 4,340 SOL (730,000 USD), causing ACT to drop by 52%. The ACT developers still hold 21 million ACT (630,000 USD), so another potential sell-off should be watched out for.