According to Lookonchain monitoring, BlockTower Capital, one of TrueFi's investors, transferred 22 million TRUs ($2.4 million) to Coinbase 6 hours ago, and sold 3.33 million TRUs through DEX at an average price of $0.086. Since then, TRU prices have fallen about 32%. According to Lookonchain analysis, BlockTower Capital is an investor in TrueFi and claimed 12.5 million TRUs on September 4, 2020. BlockTower sold 3.1 million TRUs for 677 ETH in November 2020 and February 2021, at an average selling price of $0.254. Afterwards, BlockTower Capital purchased 8.3 million TRUs with 1129 ETH from May 25 to June 4, 2021, at an average purchase price of $0.377. On August 12 and September 20, 2021, BlockTower Capital transferred 13.9 million TRU to Coinbase at an average transfer price of $0.587. After the Alameda/FTX crash, BlockTower started buying TRU on dips via Coinbase and selling on highs. Every time BlockTower sells TRU, the price of TRU will basically drop significantly.