Profits exceed one million dollars, smart money's precise buying may be behind insider trading

Hercules| DeFi
2023-05-15 21:49:14
Collection
What is the truth behind "smart money"?

Author: Hercules | DeFi, Crypto KOL

Compiled by: Felix, PANews

In addition to profiting approximately $890,000 from PEPE, the wallet starting with "0x e 5 c" also made about $320,000 from trading BEN. After researching and analyzing the specific transactions of this wallet, the author found that the huge profits may involve insider trading.

While browsing the Top Traders list on DexCheck, one address caught the author's attention. According to the data, this address seems to have profited about $320,000 ($324,751) from BEN trades on the Ethereum chain.

Profiting over a million dollars, the "smart money" behind precise buying may involve insider trading

Further analysis of this address on the data analysis platform DexCheck revealed that the wallet not only earned about $890,000 ($888,255.79) from trading PEPE but also made $40,921 from BLUR.

Profiting over a million dollars, the "smart money" behind precise buying may involve insider trading

This whale seems ruthless, "it will kill the small fish (retail investors)." On May 8, this address sold BEN worth over $200,000 ($207,574.88) in a single transaction, and on May 10, it further sold nearly $97,000 worth of BEN in multiple transactions.

Profiting over a million dollars, the "smart money" behind precise buying may involve insider trading

This "whale" seems to know some insider information, allowing it to selectively trade among various tokens and earn huge profits. Additionally, @criptoyodo 91 tweeted that this whale wallet comes from inside BEN.

Profiting over a million dollars, the "smart money" behind precise buying may involve insider trading

Profiting over a million dollars, the "smart money" behind precise buying may involve insider tradingProfiting over a million dollars, the "smart money" behind precise buying may involve insider trading

Additionally, this article also looked at the recent tokens traded by this wallet, which includes a long list: GONER (Goner), BITCOIN (HarryPotterObama), PPC (PepeChat), GP (Gold Pieces), PHAT (Party Hat). However, purchasing these tokens carries extremely high risks, please DYOR. We never know how this whale will trade in the future, but it is definitely an interesting wallet worth tracking.

Profiting over a million dollars, the "smart money" behind precise buying may involve insider trading

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