Solana Trader Achieves 4,000% Gains in a Single 5-Hour Trade, Raises Insider Trading Concerns

Sunday, 28 April 2024, 14:40
A Solana ecosystem trader converted a $49,000 investment into $2 million in just 5 hours by trading TORI, a meme coin. The rapid profit gain has triggered suspicions of insider trading, as the trader swiftly transferred the profits to multiple wallets, hinting at coordinated activity. However, realization of the $2 million profit remains uncertain due to liquidity issues on the Raydium platform.
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Solana Trader Achieves 4,000% Gains in a Single 5-Hour Trade, Raises Insider Trading Concerns

Insider Trading Alert

A Solana ecosystem trader achieved staggering gains by converting a $49,000 investment into $2 million within 5 hours through TORI trading. The rapid profit growth has sparked concerns about potential insider trading activities, as the trader swiftly transferred the profits to various wallets.

Trading Details

  • The trader invested 344 SOL to purchase 261.4 million TORI, realizing a massive 4,000% gain.
  • Alerts for insider trading were raised due to suspicious behavior, including immediate profit transfers and coordinated address activity.

Amidst concerns, the realization of the $2 million profit faces challenges due to liquidity issues on the Raydium platform, highlighting the risks associated with volatile cryptocurrency trading.

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