According to Foresight News, an insider has reportedly made a significant trade in the cryptocurrency market. The individual used four wallets to spend 1500 SOL (Solana tokens) to purchase 674 million Thug tokens within the same block, a block where token deployers add liquidity.
Following the purchase, the 674 million Thug tokens were distributed across multiple wallets. Out of these, 464 million Thug tokens were sold, yielding a return of 11,454 SOL, equivalent to approximately 1.72 million USD.
Within a span of 10 hours, the insider managed to earn 9,954 SOL, which is roughly 1.49 million USD. The remaining 210 million Thug tokens have been destroyed. This incident highlights the volatile and unpredictable nature of the cryptocurrency market.