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.



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