Apparent ‘Insiders’ Make Millions After Grabbing Ethereum Version of Dogwifhat

Over 12 wallets, termed “insiders” by the on-chain analytics tool Lookonchain, purchased 24 million Ethereum WIF tokens for $3,000 in ether. This purchase was in the same block where the deployer opened trading – implying the trader knew precisely when the tokens would be issued and traded, Lookonchain said.

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• Source: https://www.coindesk.com/markets/2024/02/05/apparent-insiders-make-millions-after-grabbing-ethereum-version-of-dogwifhat/?utm_medium=referral&utm_source=rss&utm_campaign=headlines