According to Lookonchain, prominent trader pow (@traderpow) sold 7.6 million LAUNCHCOIN for 9,040 SOL, valued at $1.54 million, at an average price of $0.203 within the past hour. pow still holds 4.75 million LAUNCHCOIN (worth $1 million) in their wallet and 4.49 million LAUNCHCOIN ($950,000) in the liquidity pool (source: Lookonchain, Solscan.io). This significant sell-off may signal further price volatility and increased trading activity for LAUNCHCOIN, as large wallet movements often impact short-term liquidity and sentiment. Traders should closely monitor LAUNCHCOIN order books and price action for potential follow-up moves, as such whale activity can influence both spot and derivatives trading volumes across the Solana ecosystem.