Recently, the meme coin HarryPotterObamaSonic10Inu (BITCOIN) experienced a 52% collapse in value after its largest holder sold 24 million tokens for $5.24 million. The coin is currently trading at $0.22, with a trading volume of $29.5 million in the past 24 hours, marking a 408% increase. The market cap of the meme cryptocurrency now stands at $223 million. While the coin aims to encourage the creation of entertainment content, concerns have been raised about centralized ownership. The whale who caused the price plunge spent 29.92 ETH ($54,000) to purchase 54.8 million tokens and made a profit of $3.51 million after the sale. The coin is available on trading platforms like Gate.io and MEXC.
Tether shifts focus to European, Middle Eastern and African markets in the face of US legal troubles