According to Odaily, a suspected insider has reportedly earned 11229 SOL, valued at approximately $1.69 million, in just two days through trades involving HULK and GUNIT. The cost of these transactions was only 23 SOL, equivalent to around $33 million. The significant profit made in such a short period has raised eyebrows in the trading community.
The insider's ability to generate such a substantial return in a short time frame suggests a deep understanding of the market and the specific dynamics of the HULK and GUNIT trades. However, it's important to note that while the trades appear profitable, they also carry a high level of risk.
This incident underscores the volatility and potential profitability of the cryptocurrency market, particularly for those with insider knowledge or advanced trading skills. However, it also serves as a reminder of the potential risks involved in such trades, particularly for those who are less experienced or lack the necessary knowledge.