According to Odaily Planet Daily, a PELF deployer (@PepeElf_SOL) is gradually selling its PELF. Previously, the top PELF holder spent 82 SOL (worth $12,516) to obtain 247 million PELFs and received an additional 39.13 million PELFs from the above deployer.

So far, the deployer has sold 3.2 million PELFs for 662 SOLs, and the wallet starting with 8Kp37r still holds 283 million PELFs, worth $7.87 million.