Harvested $10 million in the past 3 months, revealing Solana's insider address operation routine

Original author: @StarPlatinumSOL
Original compilation: zhouzhou, BlockBeats

Editor's note: Behind a lot of the lucrative deals on Solana, it's actually insiders. By colluding with the project party, they snapped up tokens in advance, and then shipped them at a high price, earning millions of dollars. PROJECTS SUCH AS LIBRA AND HAWK HAVE BEEN EXPOSED TO INTERNAL WALLET OPERATIONS, AND ORDINARY INVESTORS HAVE BEEN TRAPPED.

The following is the original content (the original content has been edited for ease of reading and comprehension):

I've been tracking down the internal wallet on Solana. They're making millions.

And most people don't know what's going on, and now you can see for yourself how they do it.

Why do some traders get rich so quickly? Not by luck. They know when to buy and when to sell.

You can't see their chats, but you can track their wallets. Because blockchain never lies.

The LIBRA team used its internal wallet to hack its own tokens and earned $6.65 million.

Before going live, the wallet address 0xcEAe... 06e2 transferred 1.6 million USDC, snapped up 3.77 million LIBRA, and then sold and cashed out 8.25 million USDC.

The wallet also transfers money to Dave Portnoy, connecting it directly to the LIBRA team

Now take a look at this Solana wallet: 3JPYL9xEPFjefV3tccrUwhLzME1mMq2dQSDeDebgzQi6

After trading 229 tokens, it made a profit of +$1.35 million.

Representative actions include: TRUMP, jailstool, and WHISP.

Let's look at another example of a Solana wallet: CdFHmaj37EtjgRqvyt6vZqoA9tuMSvKLSmbgpuV6ejaP

After trading 695 tokens, he made a profit of over $1.01 million.

Representative results include: MLG, arc, and SPOR.

Remember that token from Andrew Tate?

When it went live, insiders bought 30%.

Before Tate tweeted, 11 wallets deposited through Binance had already grabbed 20%.

In the end, the price plummeted, and all the orders were trapped.

Hawk Tuah Girl was also cheated by insiders of its own token, HAWK.

The team behind it allowed the internal wallet to grab a large number of tokens,

In the end, she was put on the table, and her reputation was damaged.

Insiders tend to have direct contact with developers, so keeping an eye on them may be your advantage.

Keeping track of their movements will help you detect market trends earlier. Quite a few people believe that this is one of the best ways to make money in the crypto world, but at the same time, it comes with great risks.

CASES LIKE LIBRA AND MELANIA ILLUSTRATE THAT THE MARKET IS BEING MANIPULATED BY INSIDERS.

If the list of wallets and addresses involved is completely exposed, everything could be rewritten.

Could this be the end of the Insider's era? I don't think so.

「Original link」

13.52K

The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.