RALPH AI Meme Coin Plunges 80% After Developer-Linked Wallet Dumps $300,000
AI meme token RALPH, associated with the “Ralph Wiggum” prompting trend, plunged about 80% after on-chain data showed a wallet tied to developer Geoffrey Huntley sold roughly $300,000 of tokens in three trades. Huntley described the move as "de-risking" ahead of a vesting window, while the selloff sent the price down around 66% on the day and nearly 90% below its January 21 all-time high near $0.047.