The largest holder of the Meme coin HarryPotterObamaSonic10Inu sold 24 million coins, causing the price to plummet by 52% in a short period of time

According to BlockBeats, on November 1, according to Lookonchain monitoring, the largest holder of the Meme coin HarryPotterObamaSonic10Inu sold 24 million of the tokens for a total value of 50.17 WBTC (US$3.53 million) 4 hours ago, causing the price of HarryPotterObamaSonic10Inu to plummet by 52%.

In May and June 2023, he spent 29.92 ETH ($54,000) to buy 54.8 million HarryPotterObamaSonic10Inu, and sold 28.8 million of the Meme token for 21.4 ETH ($39,000). To this day, he still holds the remaining 26 million HarryPotterObamaSonic10Inu, with a total profit of $3.51 million.