Suspected Insider Trader Previously Purchased 33.37% of MAGA Supply, Partially Sold for 320 ETH

PANews reported on May 21 that, according to Lookonchain monitoring, a suspected insider trader is selling the Meme coin MAGA on the Ethereum chain.

This trader spent 5.35 ETH (approximately $19,586) to buy 140.4 billion MAGA (accounting for 33.37% of the supply) through 22 wallets.

So far, the insider has sold 79.9 billion MAGA, exchanging it for 320 ETH (approximately $1.05 million); they still hold 60.5 billion MAGA, valued at over $9 million.