A new wallet sold RALPH tokens purchased for $470,000, incurring a loss of $355,000.

Eleven hours ago, a newly created wallet, FYqRpV, spent 470,000 USDC to buy 10.19 million RALPH. Shortly after the purchase, the price of RALPH plummeted. He sold all 10.19 million RALPH for only 114,861 USDC, losing $355,000 in just a few hours.