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Suspected insider trader profits over $2.27 million from two-way trading
ME News Report, April 25 (UTC+8), according to Onchain Lens monitoring, as APE’s price surged over 110% in a short period, a suspected insider trader profited over $2.27 million by simultaneously opening long and short positions. On-chain data shows that this address initially deposited 75 ETH (about $174k) as collateral, opened both long and short positions on APE, then bought 1,027 ETH (about $2.37 million) on the HyperLiquid platform and completed a withdrawal. Additionally, it bought an extra 26 ETH on-chain, totaling 1,053 ETH purchased, ultimately realizing a profit of 978 ETH, equivalent to approximately $2.27 million. The timing precision and abnormal profits of this operation have sparked widespread community suspicion of insider trading. (Source: ChainCatcher)