Memecoin AI RALPH drops 97% after developer dumps holdings

Ralph Coin (RALPH), memecoin AI inspired by the “Ralph Wiggum” trend, has plummeted 97% after a developer sold $300,000 worth of tokens into a low-liquidity market. The transaction occurred within a four-hour window, causing panic among investors.

On January 22, the blockchain analytics platform Lookonchain posted on X that the developer sold 7.68 million RALPH tokens, equivalent to 1.888 Solana (SOL). At that time, the trading value was $245,000. The sudden sale caused Ralph Coin’s market capitalization to sharply decline from $50 million to around $5 million. Traders warn that this incident highlights the risks of low-liquidity memecoins and the impact of “whales” on volatile markets. The community continues to monitor developments, while some investors are reconsidering their positions amid future price instability.