On June 9, on-chain analyst Yu Jin reported that another high-control 'meme coin' has been netted: H has dropped over 83% in the past 7 hours due to large-scale sell-offs. The reason for the decline: 7 wallets sold 249 million H tokens on-chain in the past 7 hours, cashing out up to $31.3 million (17,800 ETH + 2,715 BNB). The tokens sold mainly came from unlocks.
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7 Wallets Dump 249 Million H Tokens in 7 Hours, Cashing Out $31.3 Million
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