A crypto trader made a profit of more than $1.68 million in 15 days trading, based on insider info in the Solana (SOL) ecosystem.
This trader invested 23 SOL, worth about $3,300, in two meme coins and sold them for 11,229 SOL, worth over $1.69 million.
The trader consolidated these gains into a wallet with address “4uh969” and transferred 3,070 SOL to an address in Kraken, presumably to convert them to fiat.
This case highlighted the problems associated with insider trading and speculative investment in meme cryptocurrencies:
While insider trading profits are impressive, they highlight the potential risks and ethical issues within the crypto market. Investors should approach such opportunities with caution and focus on fundamentally sound investments.
Space and Time’s native token, SXT, debuted across Binance’s full suite of trading and earning products on May 8, 2025.
The latest upgrade to Ethereum, Pectra, implemented on May 7, has begun to influence the dynamics of supply on the network.
Once a rising star in the crypto world, Pi Network is now under pressure as its token unlock schedule threatens to overwhelm market demand.
Binance is making changes to its trading roster again, this time pulling back three spot trading pairs and putting several cryptocurrencies under closer scrutiny.