A suspected insider trader previously bought 33.37% of the MAGA supply, part of which has been sold and received 320 ETH

According to PANews on May 21, according to Lookonchain monitoring, a suspected insider trader is selling the Meme coin MAGA on the Ethereum chain.

The trader spent 5.35 ETH (about $19,586) to buy 140.4 billion MAGA (33.37% of the supply) through 22 wallets.

So far, the insider has sold 79.9 billion MAGA in exchange for 320 ETH (about US$1.05 million); he still holds 60.5 billion MAGA, worth more than US$9 million.