Insider Trades HULK, Profits 812 Times in Just Three Hours

According to Odaily, Lookonchain has reported that an insider made a profit of 5,753.6 SOL (equivalent to $97.8 million) in a mere three hours by trading HULK. This represents an 812-fold return on investment. The individual reportedly spent only 7.1 SOL (approximately $1200) to purchase 1.902 billion HULK, which accounts for 19% of the total supply, using four new wallets. The insider then sold all the HULK for 5,760.7 SOL (around $97.9 million). This sale resulted in a more than 85% drop in the price of HULK.