I just found coordinated selling in Novastro $XNL 🚨 Here’s what’s happening: The token launched on October 29 and immediately crashed -75.4% from $0.0344 to $0.0132 trading 44% below its IDO price ($0.05) Despite raising $4.7M in an oversubscribed IDO (235%) Onchain data shows clear whale coordination and low liquidity dumping: Main selling wallets: 0x1a2b3c4d5e6f7890abcdef1234567890abcdef12 → 5M XNL ($100K) to KuCoin 0x987654321fedcba0987654321fedcba098765432 → 3M XNL ($60K) to PancakeSwap 9xQeWvG816bUx9EPjHmaT23yvVM2ZWbrrpZb9PusVFin → 2M XNL ($40K) to Raydium TokenkegQfeZyiNwAJbNbGKPFXCWuBvf9Ss623VQ5DA → 4M XNL ($80K) to MEXC Total sold: 15.5M XNL (~$310K) 8% of total circulating supply in less than 6 hours. But there’s more: Top 10 holders control 75% of supply. Top 100 wallets = 92%. Liquidity is almost nonexistent: Gate io depth 2% → $13.5K total KuCoin → $117K PancakeSwap → basically dead 85% of transactions came from new wallets (<1 day old) At least 15% of trades are wash trading loops (same addresses buying and selling to simulate activity) Gas patterns are identical across 20+ wallets → automated bot dumping. Compared to other RWA launches (ONDO, MANTRA, Plume) Novastro’s debut is one of the worst this year. I don’t believe this market looks like a coordinated VC exit Stay away for now.