$ELIZA Launch Sparks Insider Trading Allegations: Massive Profits and Community Suspicion 🚨
The launch of $ELIZA, a new token following the “freedom” of $eliza as announced by AI16z partner @shawmakesmagic, has raised allegations of insider trading and questionable practices.
Few things to note:
• Token Deployment: Wallet “FEbv…4ZcW” deployed $ELIZA at 06:01:41 UTC. Simultaneously, 10 wallets purchased 69.05M $ELIZA worth $5.2M for just 2.07 $SOL ($503), with no subsequent sales.
• Major Holder Identified: Wallet “GxkX…W2Yg,” linked to the deployer, is suspected to belong to Logan (@futjr_). This wallet sold $eliza before $ELIZA’s launch and became the largest holder by acquiring 233.12M $ELIZA for $5.9K, now worth $17.67M.
• Insider Profits: Insider wallet “ExYQ…vNw” bought 89.19M $ELIZA for $1.9K and sold 53.47M for $1.91M, achieving a staggering 2,446x return and retaining $2.75M worth of tokens.
• Community Concerns: Early purchases by insider-linked wallets before the official announcement led to significant retail losses as insiders dumped tokens.
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