#HotTrends #crypro #etf #BTC #BOME Binance investigates insider trading scandal involving pre-listing purchase of 300 million BOME tokens💯

Cryptocurrency exchange Binance is investigating insider trading allegations surrounding the listing of Solana meme coin Book Of Meme (BOME).

Binance investigates insider trading allegations

On March 14, Pepe Meme artist Darkfarms launched the Solana meme coin BOME. He launched a pre-sale of the token by sharing a Solana address on Twitter, and the SOL funds raised were used to increase liquidity.

In three days, BOME’s market capitalization soared from zero to a peak of over $2 billion (currently valued at $700 million) and was successfully listed on the Binance exchange.

However, before the meme coin went public, a “whale” with large holdings of the cryptocurrency purchased 314 million BOME tokens via the Raydium decentralized exchange (DEX) on March 15 at an average price of $0.0074 per token. , totaling $2.3 million.🌹💸💵💯

After the listing, the value of the token surged to $0.026, increasing the value of the token purchased to approximately $5 million. The suspicious transaction sparked discussion in the community, with some speculating about possible insider trading.

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Binance quickly responded to the accusations, launching an internal investigation into insider trading allegations related to BOME’s listing on the exchange.

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In a statement, Binance responded to community concerns, saying it takes such information seriously and is committed to conducting a thorough investigation. Preliminary findings from the exchange indicate that the accused individuals have no connection to Binance.❤️🌹💸💵💵

Furthermore, Binance expressed its gratitude to the community for their vigilance and emphasized the importance of transparency and fairness. The exchange promised to continue to investigate the matter in depth to reveal the truth related to the allegations.🌹💵💵💵💵💵💵