The BWEnews team spent about $318,000 to buy ACT, and has made a profit of more than $3 million
On November 11th, according to Lookonchain monitoring, a smart money address starting with 6fdTPs made over 3 million dollars in just one hour by monitoring Binance's new listing announcement. At the same second Binance announced the listing of ACT, the address spent only 1,558 SOL (318,000 USD) to purchase 10.9 million ACT, which is now worth 3.4 million USD.
In addition, X platform user @JeffroBTC suspects that this address may be involved in insider trading because it was very close to the announcement release time. BWEnews responded that "this address belongs to our team, and it is not a rat's nest. The announcement release time was 2024-11-11 13:39:29, and our automatic trading program sent this transaction 2 seconds after the announcement was released, on 2024-11-11 13:39:31."
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.
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