Whale, which owns a significant portion of the Solana-Based Meme Coin Supply, Started Selling!

The cryptocurrency whale chose to sell billions of tokens he received from his team wallets.

According to data transmitted by the on-chain analysis platform Lookonchain, a cryptocurrency wallet has come to the fore by selling billions of BEER.

Four different wallets thought to belong to the same whale sold 5 billion BEER worth $1.08 million on June 15.

The whale currently has a remaining balance of 3.76 billion BEER worth $820 thousand.

The team took it from his wallet

The whale in question had taken millions of dollars worth of BEER assets from the team wallet named “8VY4LF…fDd5G2”. In total, he allocated 8.89 billion BEER from this wallet. This amount corresponded to 1% of the total BEER supply.

However, this wallet was not included in a pre-sale and it is unknown why it was entitled to such a large amount of BEER or what kind of agreement it had with the team.