According to the monitoring of Lookonchain, the smart money address starting with 6fdTPs made more than $3 million in just one hour by monitoring Binance's new launch announcement. In the same second when Binance announced the launch of ACT, he spent only 1,558 SOL (US$318,000) to buy 10.9 million ACT, which is now worth US$3.4 million.
In addition, X platform user @JeffroBTC suspected that this address was involved in insider trading because it was very close to the announcement time of the listing. In response, BWEnews said: "This address belongs to our team, not a rat warehouse. The announcement time was 2024-11-11 13:39:29, and our automatic trading program sent this transaction 2 seconds after the announcement was released, at 2024-11-11 13:39:31."
