Many Profitable Trades on Solana are Actually Manipulated Insider Trading
Behind many profitable trades on Solana, there is actually insider trading manipulation. They collude with project parties to buy tokens in advance and then sell them at a high price, making millions of dollars. Projects like LIBRA and HAWK have been exposed for internal wallet operations, leaving ordinary investors trapped. This article originates from @StarPlatinumSOL, organized, translated, and written by zhouzhou, BlockBeats.
(Background: “Blockchain” this new entrepreneurial field: Are excessive returns often harvested by secondary developers?)
(Background Supplement: After the Babylon airdrop, the community is in uproar: Were they harvested by a collaboration between Stanford professors and Wall Street?)
I have been tracking internal wallets on Solana. They are making millions. Most people have no idea what is going on, but now you can see for yourself how they do it.
Why are some traders able to get rich quickly? It’s not luck. They know when to buy and when to sell. You can’t see their chat records, but you can track their wallets. Because the blockchain never lies.
The LIBRA team raided their own token with internal wallets, making a staggering $6.65 million. Before going live, wallet address 0xcEAe…06e2 transferred 1.6 million USDC to purchase 3.77 million LIBRA tokens, and then sold them for 8.25 million USDC. This wallet also transferred funds to Dave Portnoy, directly linking it to the LIBRA team.
Now let’s take a look at this Solana wallet: 3JPYL9xEPFjefV3tccrUwhLzME1mMq2dQSDeDebgzQi6. After trading 229 tokens, it realized a profit of +1.35 million US dollars. Representative operations include: TRUMP, jailstool, and WHISP.
Next, let’s look at another Solana wallet: Address: CdFHmaj37EtjgRqvyt6vZqoA9tuMSvKLSmbgpuV6ejaP. After trading 695 tokens, it achieved a profit of over 1.01 million US dollars. Representative achievements include: MLG, arc, and SPOR.
Remember that token from Andrew Tate? At launch, insider trading scooped up 30%. Before Tate tweeted, 11 wallets funded through Binance had already secured 20%. In the end, the price plummeted, leaving the buyers trapped.
The Hawk Tuah Girl was also let down by insider trading of her own token HAWK. The team behind allowed internal wallets to seize a large number of tokens, ultimately leading to her being deceived and her reputation damaged.
Insider trading often has direct contact with developers, so keeping an eye on them could be your advantage. Tracking their movements can help you detect market trends earlier. Many believe this is one of the best ways to make money in the crypto space, but it also comes with significant risks.
Cases like LIBRA and MELANIA illustrate that the market is being manipulated by insider trading. If the wallets and address lists involved were completely exposed, everything could change. Will this mark the end of the insider trading era? I think not.
