Insider Trading Suspected As $DJT Token Experiences Volatile Market Activity

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A newly created wallet, suspected of insider trading, recently spent 1,363 $SOL (approximately $188,000) to acquire 52.09 million $DJT tokens just before news broke about the launch of Donald Trump’s official token, $DJT, on the Solana blockchain. Following the announcement, the same wallet withdrew an additional 1,000 $SOL (about $138,000) from Binance to purchase another 6.62 million $DJT tokens. Currently, this wallet holds 58.71 million $DJT tokens, valued at $1.56 million, making it the third-largest holder of $DJT. The significant acquisitions prior to the public announcement suggest potential insider knowledge. Note that a fresh wallet(maybe an insider) spent 1,363 $SOL($188K)

The post Insider Trading Suspected As $DJT Token Experiences Volatile Market Activity appeared first on The Merkle News.

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