According to Lookonchain monitoring, an insider trader sold 500 million SAR (50% of the total supply) at a price of 19,620 SOL (3.38 million USD) in one go, causing the SAR price to plummet by 96%!

The insider trader used 5,710 SOL (948,000 USD) to buy 665.6 million SHAR (66.56% of the total supply) across 16 wallets and distributed them to over 100 wallets. Four hours ago, he collected 500 million SHAR from 104 wallets and sold them all at once, earning 13,910 SOL (2.4 million USD).