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A whale wallet on Solana made a significant move with $COW, locking in $54.7K after a massive +1513% gain. However, the story took a sharp turn—the address has been dumping steadily, with 10 sell transactions totaling $4.3K over the past three months.
The numbers tell a concerning tale. $COW exploded +2417% in just 24 hours, but the momentum cracked fast, already down 16% within an hour of that peak. What's alarming is the underlying structure: liquidity sits at only $700K, and sell pressure is outpacing buying interest.
When a whale that just tripled down suddenly shifts to exit mode, it's worth paying attention. The combination of thin liquidity and sell-heavy flow suggests further pullbacks could be incoming. Early movers celebrating gains might want to watch this development closely.