Suspected insider trading! What is the truth behind the $Focai instant wealth myth?
On-chain data shows that 15 suspected insider wallets of Focai.fun ($Focai) staged a shocking arbitrage on Pump.fun:
Buying 605 million $Focai (accounting for 60.5% of the total supply) for 67.16 $SOL (approximately $14,600), and then quickly selling, cashing out 94,175 $SOL (approximately $20.5 million), ultimately making a staggering profit of $20.48 million with an astronomical return!
From a cost of less than $15,000 to instantly cashing out $20 million, is this due to precise planning, or prior insider information? It is worth noting that the vast majority of $Focai's supply is controlled, and whether such manipulative behavior will lead to greater chain reactions in the market deserves further attention.
Will this kind of trick be repeated? Leave your thoughts in the comments section, and don't forget to follow Lao Lin, who will help you gain insight into the unseen undercurrents in the crypto world!
