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An address exchanged 1.52 million HOLOs into 1,013 BNB 20 hours ago

Source: ForesightNews
According to Lookonchain monitoring, the opening address of 0x3723 (probably a KOL investor) received 10.24 million HOLOs (worth about $4.71 million) and sold 1.52 million HOLOs at $0.6 each for 1,013 BNBs (about $915,000) and still held 8.72 million HOLOs (worth about $4 million). The investor’s cost in the KOL round is about $0.088 per coin, and currently has a profit of more than $4 million and a yield of 444%. Foresight News update, Lookonchain update said that the starting address of 0x3723 has been confirmed not to be a KOL investor, but a market maker wallet that exchanged 1.52 million HOLOs into 1,013 BNBs (about $915,000) 20 hours ago. This operation occurs when HOLO is at a 15% premium on the BNB chain, which may be to stabilize the price.
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