Insider Trades $DADDY for $SOL to Make Huge Profits
According to Lookonchain, a well-known on-chain analytics platform, reports have surfaced about another insider deal involving $DADDY coins. The insider in question has sold a staggering 15.14 million $DADDY tokens in exchange for approximately 11,752 Solana tokens, valued at around $1.74 million. The platform disclosed the details of this transaction on its official account, highlighting the significant gains made by the insider.
The insider’s initial investment was less than $2,000, making the profit margin quite substantial. Prior to the public announcement by Daddy’s CTO, the insider had only spent 13.2 $SOL, equivalent to nearly $1,950, to purchase 29.8 million $DADDY coins. This strategic move was executed through three different wallets, with additional transactions made through multiple addresses before the tokens were ultimately transferred to “DpL2Tm.”
Just 18 hours later, the insider began selling large quantities of $DADDY coins to various unique wallets, further increasing their profits. The total amount sold by the insider reached 15.14 million $DADDY tokens, leaving them with 14.7 million $DADDY tokens currently valued at almost $2.8 million. The analytics firm estimates that the insider has made an impressive profit of nearly $5.6 million, representing a staggering gain of 2,875 times their initial investment.
In conclusion, this insider trading activity involving $DADDY and $SOL coins has proven to be highly profitable for the individual behind it, showcasing the potential for significant gains in the cryptocurrency market.