Solana-Based Meme Coin BEER Faces Continuous Team Sell-Offs, Price Plummets

Solana-based meme coin BEER has witnessed significant price drops due to ongoing token sales by the development team. The on-chain data from Lookonchain revealed that the team-associated wallets have been liquidating substantial amounts of BEER tokens. Recently, a wallet linked to the BEER team sold billions of tokens, bringing the token price to new lows.

Source: CoinOtag