Crypto Investor/Trader Turns $1,331 Into $3.4M in 15 Days with Moo Deng—Insider Suspicions Emerge – A cryptocurrency investor saw an astonishing 2,554x return on a timely $1,300 Investment in the hippo-themed Moo Deng (MOODENG) token.
However, this massive gain has sparked suspicions within the community, with some speculating that an insider or developer may have played a role in the rapid rise. The sudden and dramatic profit raised concerns about the legitimacy of the trade, with many questioning whether market manipulation or privileged information was involved.
On September 25, onchain analytics firm Lookonchain identified a crypto trader on the Solana blockchain who skillfully navigated the market, transforming their investment into a millionaire-making strategy in just two weeks. The trader’s activity, closely analyzed through blockchain data, showed a series of well-timed transactions that contributed to their swift success, further fueling speculation within the crypto community.
Insider Trading or Just Pure Luck?
However, members of the crypto community pointed out that the MOODENG pool only had $1.8 million in liquidity, meaning the investor would be unable to cash out the full $3.4 million at the current market price.
The rapid price surge has fueled suspicions of insider trading or involvement by an in-house developer. Meanwhile, others in the community celebrated the trader’s success, hoping for similar ‘luck’ in their own future investments.
“On September 26, Lookonchain uncovered another trader who made over 1,000x returns from a mere $95 altcoin investment, achieving this impressive profit in less than 12 hours“
The crypto investor turned a $95 purchase of INCEPT tokens into $96,900 in just half a day. Lookonchain also observed that many wallet addresses making similar high-scale profits from INCEPT investments ‘appear to be insider wallets,’ raising further suspicions of possible manipulation.
While some crypto traders chase quick gains by betting on altcoins with hopes of massive returns, others stick to the more reliable, long-term ‘hodl‘ strategy.
