An AI-themed meme coin tied to the “Ralph Wiggum” prompting trend has collapsed after on-chain data showed a wallet linked to developer Geoffrey Huntley sold roughly $300,000 worth of tokens within an hour.
The selloff, flagged by visual analytics platform Bubblemaps, triggered a sharp drawdown and ignited a dispute over trust, token ownership, and developer incentives.
The episode has added to a growing debate around meme coins built on viral ideas, where thin liquidity and unclear alignment can turn routine profit-taking into market-wide stress.
What Happened and Why it Mattered
Bubblemaps said on X that a wallet linked to Huntley sold $300,000 of RALPH across three transactions, producing a near-vertical red candle and an estimated 80% drop at the peak of the move.
The on-chain investigations firm added that the wallet belongs to a small cluster holding about 2% of the supply, with another linked address still holding around 3%. Coincidentally, a freshly funded whale sold about
We współpracy z: https://cryptopotato.com/ai-meme-coin-ralph-crashes-80-after-300k-dev-selloff/
