According to PANews on November 1, according to Lookonchain monitoring, ACT developers sold 34.2 million ACTs in a single transaction for a total value of 4,340 SOL (about $730,000), causing the ACT price to plummet by 52%. Developers still hold 21 million ACTs (about $630,000) and may sell them again.
The developer previously spent 4 SOL to purchase 126 million ACT and sold 52.4 million ACT through multiple wallets, earning 7,455 SOL (about $1.25 million).
