RALPH, an AI-themed meme token riding the “Ralph Wiggum” prompting trend, plunged after on-chain data showed a wallet tied to developer Geoffrey Huntley dumped a large tranche of tokens in under an hour — a move that reignited debate over liquidity, developer incentives and trader protections in meme markets. Visual analytics firm Bubblemaps reported the wallet sold RALPH across three rapid transactions, triggering a sharp price drop at the height of the activity. The firm said the wallet is part of a small cluster that holds a modest share of the supply; another address linked to the cluster still holds a separate portion. Shortly after the initial sales, a newly funded whale also offloaded a significant amount, which Bubblemaps said it was monitoring. Huntley publicly described the disposal as “de‑risking,” saying he still holds RALPH and that he sold ahead of the next vesting window to avoid private over‑the‑counter deals that would have required steep discounts and still moved the market. That explanation did little to calm critics, who argued the timing and scale of the sale undermined trust. Other traders urged a more gradual exit — for example, by adding tokens to liquidity pools to earn fees while unwinding positions. Supporters countered that profit‑taking is common in fast‑moving meme token ecosystems. Huntley also stated he did not launch or control the coin and did not consent to its creation, a claim that some holders disputed given the token’s association with his work. At the time of reporting, RALPH was trading substantially below recent highs, suffering a large intraday decline. Market capitalization has dropped markedly from prior peaks, and 24‑hour trading volume exceeded market cap — a sign of forced turnover rather than organic accumulation. Still, the token remained above its early‑January low. Market observers described the move as largely idiosyncratic rather than driven by broader crypto market trends. The episode adds to growing warnings about speculative meme launches. Binance co‑founder Changpeng Zhao recently cautioned traders to be wary of tokens born out of jokes, saying they often end in losses — a reminder that viral concepts and limited liquidity can create outsized volatility and misaligned incentives for retail participants. Read more AI-generated news on: undefined/news

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