#Insider makes 600,000 in 30 minutes.#
Hot Topic Overview
Overview
Recently, there has been an incident of an insider taking advantage of cryptocurrency price fluctuations to make a quick profit. An insider, through the PumpFun platform, purchased a large amount of AGiXT tokens at a very low cost in less than an hour, and then sold them at a high price in a short period of time, making a huge profit. According to reports, the insider purchased 726.7M AGiXT for only 16 SOL (approximately $3,384), and then sold it for 4,468 SOL (approximately $950.3K), making a profit of 4,452 SOL (approximately $947K). This incident has raised concerns about insider trading in the cryptocurrency market, and also exposed the shortcomings of market regulation.
Ace Hot Topic Analysis
Analysis
Recently, the incident of "insiders making 600,000 USD in 30 minutes" has drawn widespread attention. According to reports, an insider trader turned 1,353 USD into 602,000 USD in just 30 minutes through a token called AGiXT. The trader used the PumpFun platform, using two wallets to purchase 39.78 million AGiXT for 6.34 SOL (approximately 1,353 USD), and then sold them for 2,806.38 SOL (approximately 602,000 USD), generating a huge profit. In addition, another insider also earned 947K through a similar operation by purchasing AGiXT in less than an hour. These incidents have raised concerns about insider trading, market manipulation, and token price volatility. Some analysts believe that these incidents may be related to the mechanism of the PumpFun platform, which allows users to manipulate token prices by creating "pumps," thereby generating huge profits. However, some believe that these incidents are isolated cases and do not represent the entire cryptocurrency market. Currently, relevant authorities are investigating the matter to determine whether there is any wrongdoing.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Use PumpFun platform for internal trading can generate huge profits
Insiders use multiple wallets for trading to circumvent regulations
AGiXT token price fluctuates dramatically, there is a risk of skyrocketing and plummeting
Internal trading may involve illegal operations and legal risks