Suspected Insider Trader Previously Purchased 33.37% of MAGA Supply, Partially Sold for 320 ETH
PANews reported on May 21 that, according to Lookonchain monitoring, a suspected insider trader is selling the Meme coin MAGA on the Ethereum chain.
This trader spent 5.35 ETH (approximately $19,586) to buy 140.4 billion MAGA (accounting for 33.37% of the supply) through 22 wallets.
So far, the insider has sold 79.9 billion MAGA, exchanging it for 320 ETH (approximately $1.05 million); they still hold 60.5 billion MAGA, valued at over $9 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Legendary Analyst il Capo Shares Two Altcoins He Says He Accumulated in Recent Weeks
Cryptocurrency analyst il Capo of Crypto shared two different altcoins he has accumulated recently in his statement.
A US Court Ruled in Favor of the SEC in a Cryptocurrency Case!
The SEC's allegations against a cryptocurrency company were deemed plausible by the judge, according to court data.
BREAKING: PayPal Takes Historic Cryptocurrency Step – Will Allow Buying, Selling and Hold
Solana may hit $330 and reach 50% of ETH market cap — VanEck research