Suspected insider trader made over $2.27 million by opening positions in both directions
According to Onchain Lens monitoring, as APE surged over 110% in a short period, a suspected insider trader made over $2.27 million in profit by simultaneously establishing both long and short positions. On-chain data shows that the address initially deposited 75 ETH (approximately $174,000) as margin to open both long and short APE positions, subsequently purchased 1,027 ETH (approximately $2.37 million) on the HyperLiquid platform, and completed a withdrawal. Additionally, it bought another 26 ETH on-chain, totaling 1,053 ETH, ultimately realizing a profit of 978 ETH, equivalent to approximately $2.27 million. Due to the precise timing and abnormal returns of this operation, it has sparked widespread community suspicion of insider trading.
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Source:Odaily · Source Link
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