Crypto News

BEERCOIN Plummets Further, Down 60% In A Week Amid Whale Sell-Offs

BEERCOIN ($BEER) has seen its value decline by an additional 28% today, extending its losses to over 60% in the past week. The steep decline is attributed to significant sell-offs by large holders, including a notable pre-sale participant and another major whale.

According to on-chain reports, a pre-sale participant has made a substantial profit from selling $BEER. This investor initially spent 301.2 $SOL (approximately $50,000) to acquire 3.38 billion $BEER during the pre-sale. Subsequently, he exchanged 5.45 billion $BONK (worth $192,000) for an additional 1.86 billion $BEER on May 26.

Following the listing of $BEER on, he deposited 240 million $BEER (worth $120,000) to the exchange for profit. Today, he sold 4.6 billion $BEER for $1.34 million, retaining 400 million $BEER (valued at $109,000). In total, his profit from these transactions exceeds $1.3 million.

Another significant whale also contributed to the market downturn by dumping 5 billion $BEER for 7,450 $SOL (approximately $1.08 million) three hours ago.

This whale received 8.89 billion $BEER (1% of the total supply) from the $BEER team allocation wallet labeled “8VY4LF…fDd5G2.” Notably, this whale did not participate in the pre-sale. Currently, this whale still holds 3.76 billion $BEER, worth about $820,000.

The aggressive selling by these major holders has intensified the bearish sentiment surrounding BEERCOIN, contributing to its sharp decline.

The $BEER team and its community are now closely monitoring these activities, as they significantly impact market dynamics and investor confidence. As the market seeks stability, further sell-offs or strategic moves by whales will likely play a critical role in shaping $BEER’s near-term trajectory.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: aoo3771/123RF // Image Effects by Colorcinch

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