Suspected insider trading: THE token trading was active before Binance’s announcement, and three wallets made significant profits

PANews reported on November 26 that according to Onchain Lens monitoring, suspected insider activities related to $THE tokens appeared before Binance’s announcement, most of which involved newly created wallets:

1. Wallet 1 (address: 0x123c1d309940a1f811445fa2efdd7dedfea686bf): Withdrew $200,000 in $USDT from #Bybit 23 hours ago, bought 918,214 $THE and sold 410,218 $THE for a profit of $433,000. Currently still holding 507,000 $THE, worth about $548,000, with a total profit of up to $782,000.

2. Wallet 2 (address: 0xc6ebc9f4e2b13f462b82ee8a6128ba1eba5d4f35): newly created 3 hours ago, withdrew 400 $BNB (worth about $249,000) from #Binance, purchased 490,786 $THE, now worth about $514,000, with a floating profit of about $264,000.

3. Wallet 3 (address: 0xad9663b6dae2703da64f852bbbec2c3e27dd5391): Also a new wallet, withdrew 1,638 $BNB (about $1.02 million) from #Binance and purchased 1,027,193 $THE at an average price of $1. Although it is impossible to confirm whether it is insider trading, the purchase scale is huge and may be related to the airdrop plan.