According to PANews on October 24, according to Lookonchain monitoring, an insider sold 500 million $SHAR in a single transaction, accounting for 50% of the total supply, in exchange for 19,620 $SOL (about US$3.38 million), causing the price of $SHAR to plummet by 96%.
The insider previously used 5,710 $SOL (about $948,000) through 16 wallets to snap up 665.6 million $SHAR (66.56% of the total supply) and dispersed these tokens to more than 100 wallets. 4 hours ago, he collected 500 million $SHAR from 104 wallets and sold them all at once, making a profit of 13,910 $SOL (about $2.4 million).
