According to Odaily, Onchain Lens has reported that a PELF deployer, identified as @PepeElf_SOL, is gradually selling their PELF holdings. Previously, the top PELF holder spent 82 SOL (valued at $12,516) to acquire 247 million PELF tokens and received an additional 39.13 million PELF from the deployer. So far, the deployer has sold 3.2 million PELF, obtaining 662 SOL in return. The wallet starting with 8Kp37r still holds 283 million PELF, valued at $7.87 million.