The price of the Base ecosystem meme token RALPH plummeted by 80% following a significant sell-off by its developer, Geoffrey Huntley. Huntley sold $300,000 worth of tokens, describing the move as a necessary "de-risking" strategy. Despite having the option to wait for a 12-hour vesting period, Huntley proceeded with the sale immediately. His cluster still retains 3% of the token's supply. Following Huntley's sale, a newly funded whale wallet also offloaded $115,000 worth of RALPH tokens, further impacting the token's market value, as reported by Bubblemaps.