ChainCatcher's latest news shows that Onchain Lens has detected suspicious insider activity involving THE tokens in multiple newly created wallets prior to Binance's announcement.
Firstly, Wallet 1 withdrew 200,000 USDT from Bybit 23 hours ago, purchased 918,214 THE, and sold 410,218, making a profit of $433,000. It currently still holds 507,000 THE, worth about $548,000, with a total profit reaching $782,000.
Secondly, Wallet 2 was newly created 3 hours ago, withdrew 400 BNB (approximately $249,000) from Binance, and purchased 490,786 THE, now valued at about $514,000, with an unrealized profit of around $264,000.
Finally, Wallet 3 was also newly created, withdrew 1,638 BNB (approximately $1,020,000) from Binance, and bought 1,027,193 THE at an average price of $1. Although it cannot be confirmed whether this is insider trading, the scale of purchase is massive and may be related to the airdrop plan.
These activities have raised concerns about market dynamics, especially regarding the flow of funds and trading behavior prior to the announcement.