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Insider trading or luck? Anon wallet makes $50k in 20 mins from Binance RPL listing.

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by COINS NEWS 141 Views

Insider trading or luck? Anon wallet makes $50k in 20 mins from Binance RPL listing.

An anon wallet was observed buying 6193.46 $RPL 10 minutes before Binance listing announcement and selling it 10 minutes after it got listed.

The said anon wallet seems to have made a profit of $55.4K in just 20 minutes. You can see in the attached photos the said wallet doing a purchase of $200,000 worth of $RPL at 3:50:47 UTC and then offloading $255,397.91 worth of $RPL at 4:13:47 UTC today.

The trades of the anon wallet on uniswap

Is it pure luck or does it smell fishy to you too? Unfortunately due to the nature of this unregulated industry, we see such cases of insider trading quite often.

The house always wins and so do the ones who are friends with the house. The ones outside barely stand a chance to stand up against it and win.

The regular investor is a shrimp in a blockchain full of whales and inside trades standing no chance against them. We can just hope for equality and more transparency in this unregulated space.

Source: https://twitter.com/ScopeProtocol/status/1615610354670899200?t=800gkM4aCS6N_RrUIXEDdg&s=19

submitted by /u/torpidtrotter
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