Insider Trading Suspicions Rise as Wallet 3VR8r…wZz4j Profits $3.94M in Minutes from ENRON Trading
The cryptocurrency market is still witnessing trading activities that are nothing short of amazing, with certain transactions now even raising the eyebrows of regulators and compliance officers. A case in point is the trading wallet 3VR8r...wZz4j and its recent foray into trading the token ENRON. With a $1.2 million investment, this trading address saw its net worth swell to $3.94 million in just 12 minutes, according to the website in another news story within this issue. A Profitable ENRON Trade in Just 12 Minutes According to on-chain data, a trader ordered an aggressive buy. The order was placed in the very first minute that ENRON existed. For the sum of $1,200,000 USDC, the trader purchased 10,750,000 tokens at an average price of $0.1487 per token. This price gave the appearance of being the low point. The trader perfectly executed what […]