According to Lookonchain, pow (@traderpow) executed a significant sale of 14 million $LAUNCHCOIN for 16,071 $SOL, valued at approximately $2.76 million at a price of $0.197 per token. After this transaction, pow retains 3 million $LAUNCHCOIN, worth about $553,000. Large-scale movements like this often trigger increased volatility and can signal potential downward pressure on $LAUNCHCOIN’s price in the short term, while also highlighting liquidity strength in the $SOL market. Traders are advised to monitor further whale activity and order book depth for both tokens, as large sales can impact sentiment and near-term trading strategies. (Source: Lookonchain, Solscan)