On May 10, according to Lookonchain monitoring, an insider trader turned 3.89 SOL (about $600) into 999 SOL (about $153,560) in just 15 hours, and had an unrealized profit of 2.50 million dollars.
The trader withdrew 3.89 SOLs (approx. $600) from Binance and spent 2.89 SOLs ($445) to buy 2.46 billion Minettes in the same block where the developer increased liquidity, then sold 1.04 billion for 998.7 SOLs ($153,000), and now holds 1.442 billion Minettes worth $2.50 million.
Please note that the developers of VibeCat (Minette) did not destroy LP tokens, which poses a risk of Rug.
An insider trader made more than $2.6 million on Minette at a cost of $600, and the VibeCat project is at risk of rugging
2024-05-10 05:40:48
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