Suspected insider profits $2.86 million through precise operations on KEKIUS, with a return rate of 1700 times

Deep Tide TechFlow news, on January 2, according to Spot On Chain monitoring, a trader (suspected insider) made a profit of $2.86 million through precise operations on the KEKIUS token within 18 days, with a return rate of 1700 times.

This address invested 0.5 ETH (approximately $1,963) to purchase 35.58 million KEKIUS on December 14, 2024. It was then sold in two batches: on December 16, 10.13 million were sold for a profit of 4.91 ETH; within two days after Musk changed the X username to 'Kekius Maximus', causing the coin price to surge by 4300%, the remaining 25.26 million were sold for a profit of 843 ETH ($2.83 million).

It is worth noting that this operation occurred just before Musk's change of username caused the coin price to plummet by 75%.