One big sell-off, and the token instantly plunged.
According to monitoring data, trader Salem sold off around 20.06 million AI tokens in about two hours, for roughly 461 ETH (about $1.09 million). The token price immediately dropped around 15%. Salem made a total profit of about $2.14 million on the position. A brief burst of selling pressure can break through the thin-liquidity side of the market, while copycat traders often catch on too late.
Reminder: Celebrity and whale trades can have a much bigger impact on small-cap coins. Check how concentrated holdings are and how deep the order book is before deciding whether to be left holding the bag after others sell.
#AI #Salem #山寨 #On-chain