Foresight News reports that according to Lookonchain monitoring, ACT developers sold 34.2 million ACT (approximately 730,000 USD) for 4,340 SOL, causing the ACT price to drop by about 52%. They currently still hold 21 million ACT, valued at approximately 630,000 USD. Previously, they spent 4 SOL to purchase 126 million ACT and sold 52.4 million ACT through multiple wallets, making a profit of about 1.25 million USD.