APE's stock price doubled in a short period, with suspected insider trading involving $2.27 million in arbitrage between long and short positions.

PANews reported on April 25th that, according to Onchain Lens monitoring, as APE's price surged by over 110% in a short period, a suspected insider trader profited over $2.27 million by simultaneously establishing long and short positions. On-chain data shows that the address initially deposited 75 ETH (approximately $174,000) as margin to open long and short positions in APE. Subsequently, it purchased 1,027 ETH (approximately $2.37 million) on the HyperLiquid platform and withdrew the funds. Furthermore, it purchased an additional 26 ETH on-chain, totaling 1,053 ETH, ultimately realizing a profit of 978 ETH, equivalent to approximately $2.27 million. This operation, due to its precise timing and unusually high returns, has sparked widespread suspicion of insider trading within the community.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Only one person has been approved for the Trump Gold Card program, despite previous claims of selling $1.3 billion worth of cards.
PANews Newsflash