According to Lookonchain, influential trader pow (@traderpow) sold 7.6 million LAUNCHCOIN for 9,040 SOL, equivalent to $1.54 million at an average price of $0.203, within the past hour. Despite this large sale, pow still holds 4.75 million LAUNCHCOIN (worth $1 million) in their wallet and 4.49 million LAUNCHCOIN ($950,000) in the liquidity pool. This significant sell-off signals potential downward pressure on LAUNCHCOIN's price and could impact short-term volatility, especially as major holders adjust their positions. Traders should closely monitor LAUNCHCOIN and SOL liquidity trends for further price action (Source: Lookonchain via Twitter, solscan.io).