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.
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