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The top holder of the popular meme coin HarryPotterObamaSonic10Inu, also known by its ticker “BITCOIN,” is alleged to have offloaded a massive 24 million tokens resulting in a 60% price crash.the transaction, in which the anonymous holder exchanged 24 million units of the meme token for 50.17 wrapped Bitcoin , worth about $3.53 million.On-chain data shows the individual completed the sale on Uniswap between 6:08 and 6:11 UTC+8 on November 1.
At the time of writing, HarryPotterObamaSonic10Inu was 15.3% below its value from 24 hours ago, with the dip a more pronounced 27% across 14 days. However, over 30 days, the price still reflects a 70.8% uptick, with those holding the coin in the last year seeing a 56% rise in the value of their investment.
Following that, they have sold portions of their holdings, including a previous transaction of 28.8 million coins for 21.4 ETH, ultimately achieving a profit of $3.51 million.Since its launch, HarryPotterObamaSonic10Inu has gained a considerable following. Operating on the Ethereum blockchain as an ERC-20 token, it features an eccentric combination of unrelated pop culture icons, including fictional child magician Harry Potter, former U.S.
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