HuoXing Finance reports that on October 7, as Bitcoin rapidly declined, the market appeared to fall back into panic. Within the past half-hour, prominent trader and DeGods founder @frankdegods swiftly sold off approximately $1 million worth of altcoins on-chain, including $1 million in BP, $250,000 in EDEL, and $70,000 in GP.
Bitcoin Leads Market Decline as Influential Trader Frank Sells Millions in Meme Coins
MarsBitShare
Summary
Bitcoin news broke on October 7, 2026, as the asset plunged sharply, dragging the broader market down. Influential trader and DeGods founder @frankdegods executed a series of on-chain sales, moving over $1 million in meme coins within 30 minutes. The sales included $1 million in BP, $250,000 in EDEL, and $70,000 in GP. Bitcoin analysis shows the drop triggered widespread panic, with major traders responding swiftly.
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