The reports disclose another insider job concerning $DADDY coins. As per Lookonchain (a prominent on-chain analytics forum), an insider has sold up to 15.14 million $DADDY tokens for the *SOL* coins. The platform provided the details of the respective event on its official X account. It mentioned that the insider traded the above-mentioned tokens for nearly 11,752 Solana tokens with a worth of approximately $1.74M.
We noticed that an insider sold 15.14M $DADDY for 11,752 $SOL ($1.74M), and his cost was less than $2K, a huge gain!1/ Let's check it out.👇 pic.twitter.com/LyUWpWljjt
— Lookonchain (@lookonchain) June 14, 2024
An Insider Trades $DADDY Tokens for $SOL Coins to Gain Profits
In its recent post on X, the analytics provider noted that the cost of the insider was even less than just $2K. According to Lookonchain, the respective event resulted in a significant gain for the insider. It added that, before the initial post that the CTO of Daddy published, the insider had spent just 13.2 $SOL. The respective tokens had a value of nearly $1,950. The insider reportedly used them to purchase 29.8 million $DADDY coins.
Lookonchain brought to the front that the insider carried out this move through three wallets. Following that, the insider traded a minor amount. In addition to this, the insider transacted the majority thereof via several addresses several times. The respective tokens ultimately moved to “DpL2Tm.” Nearly 18 hours back, the insider reportedly transacted $DADDY coins in a big amount to unique wallets and began selling.
The Insider Makes a Huge 2,875x Profit with This Selling
The analytics company also revealed that the insider sold a cumulative amount of 15.14 million $DADDY tokens. At present, the insider reportedly holds 14.7M $DADDY with a worth of nearly $2.8 million. While keeping in view the entire event, the analytics firm asserted that the insider effectively generated a massive profit. He reportedly had a cumulative profit of almost $5.6 million. This denotes an enormous gain of up to 2,875x.
