Insider Claim in the Most Talked About Altcoin of Recent Days! "A Whale Entered with $3,000 and Exited with $2. 85 Million!"
CASHCAT, a memecoin that has experienced sharp price increases in recent days, has been the subject of insider trading allegations. Cashcat, a memecoin that has been one of the most talked-about altcoins in. . .
CASHCAT, a memecoin that has experienced sharp price increases in recent days, has been the subject of insider trading allegations. Cashcat, a memecoin that has been one of the most talked-about altcoins in recent days and has seen a sharp rise since the launch of Robinhood Chain, is now facing allegations of “insider trading. ”The allegations center around an anonymous address that purchased 16. 3 million CASHCAT for 1. 6 ETH shortly after the token’s launch. According to Lookonchain, a cryptocurrency analysis platform, an address starting with “0xae0F” initially acquired 16. 3 million CASHCAT by spending 1. 6 Ethereum (worth $3,000) when it was first launched. Following the massive price surge, it sold all 16. 3 million CASHCAT for 1. 527 ETH ($2. 855 million), making a profit of $2. 85 million. This means CASHCAT has achieved a 952x return. At this point, the fact that this investor bought CASHCAT at what could be called a bottom and sold their holdings at what could be considered a top led to the emergence of “insider” allegations for memecoin. However, there is no official confirmation so far that the investor used insider information. CASHCAT, which recently rose above $0. 22, has fallen to around $0. 11 following the latest sell-off. With a drop of over 35% in just the last 24 hours, CASHCAT is currently trading at $0. 128. *This is not investment advice. Follow ourTelegramandTwitteraccount now for exclusive news, analytics and on-chain data!