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Mysterious SOL Trade Raises Insider Trading Suspicions: Lookonchain


Apr, 29, 2024
< 1 min read
by CoinEdition
Mysterious SOL Trade Raises Insider Trading Suspicions: Lookonchain
  • Unusual cryptocurrency trade sees $49,000 turn into $2 million, prompting insider trading suspicions.
  • Trader uses new wallets and avoids selling TORI tokens, raising questions about identity concealment.
  • Authorities urged to investigate wallet addresses to trace funds and uncover potential insider trading motives.

A recent analysis conducted by blockchain firm Lookonchain has brought to light a suspicious cryptocurrency trade, prompting concerns of possible insider trading. The trade, which occurred over a mere five-hour window saw an individual transform an initial investment of $49,000 into a $2 million.

Initially the trader withdrew $49,000 worth of Solana (SOL) cryptocurrency from the exchange platform Binance. Subsequently, the entirety of the SOL was utilized to procure 261.4 million tokens of another cryptoc…

The post Mysterious SOL Trade Raises Insider Trading Suspicions: Lookonchain appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin Breaks Out Above $68K as SOL's 7% Gain Leads Crypto Rally

Bitcoin Breaks Out Above $68K as SOL's 7% Gain Leads Crypto Rally

Inflows into the spot bitcoin ETFs restarted in a big way last week as the price rall...
May, 20, 2024
by CoinDesk
Crypto Heist or Revenge Story? Ex-Employee Arrested in $1.9M Case

Crypto Heist or Revenge Story? Ex-Employee Arrested in $1.9M Case

Jarett Dunn, a former employee of the Solana-based memecoin launchpad pump.fun, has p...
May, 20, 2024
< 1 min read
by CoinEdition
CryptoRankNewsMysterious S...

Mysterious SOL Trade Raises Insider Trading Suspicions: Lookonchain


Apr, 29, 2024
< 1 min read
by CoinEdition
Mysterious SOL Trade Raises Insider Trading Suspicions: Lookonchain
  • Unusual cryptocurrency trade sees $49,000 turn into $2 million, prompting insider trading suspicions.
  • Trader uses new wallets and avoids selling TORI tokens, raising questions about identity concealment.
  • Authorities urged to investigate wallet addresses to trace funds and uncover potential insider trading motives.

A recent analysis conducted by blockchain firm Lookonchain has brought to light a suspicious cryptocurrency trade, prompting concerns of possible insider trading. The trade, which occurred over a mere five-hour window saw an individual transform an initial investment of $49,000 into a $2 million.

Initially the trader withdrew $49,000 worth of Solana (SOL) cryptocurrency from the exchange platform Binance. Subsequently, the entirety of the SOL was utilized to procure 261.4 million tokens of another cryptoc…

The post Mysterious SOL Trade Raises Insider Trading Suspicions: Lookonchain appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin Breaks Out Above $68K as SOL's 7% Gain Leads Crypto Rally

Bitcoin Breaks Out Above $68K as SOL's 7% Gain Leads Crypto Rally

Inflows into the spot bitcoin ETFs restarted in a big way last week as the price rall...
May, 20, 2024
by CoinDesk
Crypto Heist or Revenge Story? Ex-Employee Arrested in $1.9M Case

Crypto Heist or Revenge Story? Ex-Employee Arrested in $1.9M Case

Jarett Dunn, a former employee of the Solana-based memecoin launchpad pump.fun, has p...
May, 20, 2024
< 1 min read
by CoinEdition