Solana Dey Face Insider Trading Palava: $1.16B Meme Coin Crash And $10M Gain Show Say Dem Manipulate Market Big Time
Big time investigation don show say plenty insider trading and market manipulation dey happen inside Solana network. De meme coin wey dem call LIBRA, wey dem build on Solana, just reach $1.16 billion for market cap small time before e crash. E cause over $280 million loss for small small investors and clear 90% of wetin over 75,000 traders get. Dem talk say people inside de project buy tokens cheap before e launch and sell am when de price high well well, some of dem even make up to $110 million from LIBRA. After dem check more, dem find say de project teams and some chosen wallets still dey work together, making am easy for people to get tokens like LIBRA, HAWK, MELANIA and others early. Insider wallets make $10 million profit for just three months by buying plenty tokens before dem announce am publicly and use de quick price jump after promotion make money. Dem trace some wallets straight to de project teams and people wey help with de tokens, like one company wey dem call Kelsier Ventures. Wetin shock people be say, Argentina President Javier Milei even support LIBRA, wey add politics wahala to de matter and make people worry more about things being clear and government control. All dis show say manipulation risk still plenty for Solana and say dem need stronger rules and proper checking. For crypto traders, checking wetin insiders dey do on de blockchain fit give small small chances to make money for short time, but e also mean say you gats careful well well, especially when de token launch no clear.
Bearish
Di expose say wetin insider pipo do, how dem manipulate tins, an wetin dem make plenty money reach wit select wallet don spoil trust for Solana market an some kain meme coin project like LIBRA, HAWK, an MELANIA. How price take rise quick quick an come fall sharp sharp, wit clear sign say project team an di manipulate wallet dem join hand, show say retail pipo dem face big big chance to loss dia money. Wetin don dey happen for market when insider kasala burst out na say price go fall, e no go easy to sell, market go shake well well, an dem go spoil dia name for long time. Even if monitoring insider wallet fit give opportunty for short-term trade, di whole market go just be risky an not good, an dis one go make di token dem an Solana itself look bad for investor.