The profitable trader sparked insider allegations among crypto investors, as sentiment is still recovering from the recent wave of memecoin scams and rug pulls.
An unknown trader pocketed nearly half a million dollars in profit from a newly launched memecoin shortly before the token lost half its value, fueling insider trading allegations amid a recent wave of memecoin collapses.
The savvy trader made an over 1,500-fold return on his initial investment, turning it into over $482,000 in less than 24 hours on the Bubb (BUBB) memecoin.
Source: Lookonchain
