Crypto NewsAltcoinInsider Suspicion in One of the Most Talked Altcoins of Recent Days

Insider Suspicion in One of the Most Talked Altcoins of Recent Days

According to Onchain data, insider suspicions have arisen in the memecoin, which has reached a market value of $550 million.

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Data from a whale tracked by cryptocurrency tracking company Arkham has raised serious suspicions that the whale could be an insider.

According to the data, the whale in question made a large profit from GOAT, one of the most talked about memecoins of recent days, and increased his investment of $ 58,000 to $ 7.5 million.

The crypto whale with the short address 4Jpef purchased approximately 1.5% of the GOAT token’s supply at a low price in its early stages, which raises suspicions that this whale may be an insider, as he invested heavily in a token that is not yet certain whether it will catch on in the market.

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The same cryptocurrency wallet had previously received $104,000 from another wallet holding 1.4% of another memecoin called DADDY, suggesting that the wallets were connected. The DADDY tokens in question were also purchased within 2 hours of the token’s launch.

At the time of writing, there are still over $7 million in assets in the 4Jpef wallet, almost all of which are GOAT tokens.

*This is not investment advice.



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