2024

Solana

April

Coin

<ul class="news-points"> 
 <li>Unusual cryptocurrency trade sees $49,000 turn into $2 million, prompting insider trading suspicions.</li> 
 <li>Trader uses new wallets and avoids selling TORI tokens, raising questions about identity concealment.</li> 
 <li>Authorities urged to investigate wallet addresses to trace funds and uncover potential insider trading motives.</li> 
</ul> 
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. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Insider trading? This guy turned $49K to $2M in just 5 hours, a gain of 41x! He withdrew 345.6 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SOL</a>($49K) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> via 2 fresh wallets and spent 344 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SOL</a>($49K) to buy 261.4M <a href="https://twitter.com/search?q=%24TORI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$TORI</a>. He transferred the 261.4M <a href="https://twitter.com/search?q=%24TORI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$TORI</a> to multiple wallets without selling them. Currently, the… <a href="https://t.co/ENVBxzKHGH" target="_blank" rel="nofollow">pic.twitter.com/ENVBxzKHGH</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1784568174962450746?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">April 28, 2024</a>
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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 <a href="https://coinedition.com/mysterious-sol-trade-raises-insider-trading-suspicions-lookonchain/">Mysterious SOL Trade Raises Insider Trading Suspicions: Lookonchain</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Mysterious SOL Trade Raises Insider Trading Suspicions: Lookonchain

Coin Edition

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