According to @bubblemaps, $RALPH is down 97% since the developer sold, after a reported $300k dev sale triggered an 80% candle and the developer’s cluster still holds 3% of the supply (source: Bubblemaps on X). According to @bubblemaps, 70% of traders sold while 30% held, and those who held are collectively down about $2M, highlighting concentration and liquidity risks for traders in this memecoin (source: Bubblemaps on X).

According to @OnchainDataNerd, a developer wallet recently swapped 150 SOL (approximately $22.1k) for 98 billion $88022 tokens. Subsequently, the developer distributed the tokens across 109 wallets, each containing 890 million tokens. Despite the liquidity being locked, there is a significant risk of selling pressure from the team, potentially driving the token's price down.