Crypto Trader Turned $285 Into $627,000 in One Day; Lucky or Insider Trading?
An anonymous cryptocurrency trader has turned a $285 purchase into $627,000 in a single day, onchain data shows. However, the activity has raised insider trading suspicions among analysts considering the timing and patterns usually seen in these plays.
Lookonchain originally reported the activity on X on Jan. 19, flagging four wallets as belonging to the same “insider” of the recently launched pump.fun memecoin ZReaL. According to the analyses, this “insider” spent $285 to buy 66.3 million of ZREAL, then sold 30% (19.98 million) for $210,000 of realized profits.
The four accounts were still holding 46.3 million ZREAL by Lookonchain’s posting time, worth $417,000 of unrealized gains. Flagged addresses are:…
