A suspected insider trader spent about 20 SOL yesterday to buy 1.57 billion OMNI, which has now appreciated 3,000 times.
According to on-chain data analyst Yu Jin's monitoring on December 23, within one minute after the Meme token OMNI was created for liquidity on Orca, an alleged insider spent 20.36 SOL (equivalent to $1,954) to buy 1.57 billion OMNI tokens (15% of the total supply on the SOL chain) using an address associated with an insider. Afterwards, the liquidity of OMNI was removed from Orca and migrated to Raydium. The OMNI tokens purchased with 20.36 SOL are currently worth 60,000 SOL (equivalent to $5.7 million), an increase of nearly 3,000 times in value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
