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 <p class="is-style-lead">The Hooked Protocol, a Binance IEO project, has recently come under scrutiny from the community for <a rel="noopener noreferrer nofollow" title="potential" href="https://thebittimes.com/tag/potential.html">potential</a> <a rel="noopener noreferrer nofollow" title="insider" href="https://thebittimes.com/tag/insider.html">insider</a> <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> activities.&nbsp;</p>
 <p>Concerns were raised when it was noticed that a multi-signature address, believed to be associated with the official project, transferred HOOK tokens valued at approximately $4.52 million to Binance shortly before a major fund announcement. This transaction occurred two-to-four hours prior to the unveiling of a new $50 million fund, leading to speculation about the timing of the transfer.</p>
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 <p>Subsequent to the announcement, the price of HOOK experienced a temporary surge, peaking at $1.24, before retracting to $1.05 within a span of just over four hours. Market <a rel="noopener noreferrer nofollow" title="watchers" href="https://thebittimes.com/tag/watchers.html">watchers</a> and investors are <a rel="noopener noreferrer nofollow" title="questioning" href="https://thebittimes.com/tag/questioning.html">questioning</a> the fairness and transparency of the operations, pointing to the price volatility as a sign of possible information asymmetry.</p>
 <p>A closer examination of Hooked Protocol’s market data reveals a wider context for these events. The token is currently trading at $1.07, with a 24-hour trading volume of $22,707,605. While it has seen a 7-day increase of 11.75%, its 30-day and 180-day metrics show a decrease of 21.86% and 26.78% respectively. Hooked Protocol’s price is significantly down from its all-time high (ATH) of $4.07, representing a 73.73% drop.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/market-watchers-questioning-hooked-protocol-for-potential-insider-trading-tbt72338.html">https://thebittimes.com/market-watchers-questioning-hooked-protocol-for-potential-insider-trading-tbt72338.html</a></p>

Market watchers questioning Hooked protocol for potential insider trading

TheBitTimes

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