An internal person sold 50% of the total SHAR in a transaction, causing a price crash, earning 2.4 million USD.

BlockBeats news, on October 24, according to Lookonchain monitoring, an internal person sold 500 million SHAR (accounting for 50% of the total supply) in a transaction, exchanging for 19,620 SOL (approximately 3.38 million USD), causing the price of SHAR to crash by 96%.

The internal person used 5,710 SOL (approximately 948,000 USD) across 16 wallets for sniping, acquiring 665.6 million SHAR (accounting for 66.56% of the total supply), and distributed them to over 100 wallets.

4 hours ago, they gathered 500 million SHAR from 104 wallets and sold them all in one operation, earning 13,910 SOL (approximately 2.4 million USD).