Analyst uncovers potential insider trading activities during Infinex's public fundraising

According to an analysis published by The Poly Nerd, a renowned blockchain data researcher, clear signals of insider trading emerged during Infinex’s public fundraising event. The discovery raises alarms in the public token sale sector, where manipulation remains a constant risk.

The Initial Phase and Funding Limits

Infinex’s public sale initially experienced slow sales, mainly due to strict KYC (Know Your Customer) controls and a maximum limit of $2,500 per user. Although these parameters were designed to enhance security and democratize access, they created a significant obstacle to rapid fundraising. The Polymarket community estimated that the total amount raised would stay between $2 million and $3 million.

Sudden Turnaround and Suspicious Signals

The situation suddenly and suspiciously reversed. The chances of reaching higher targets skyrocketed: the $5 million milestone jumped from about 20% to roughly 70% in a very short time. At the same time, a strong coordinated influx of investments was observed toward the $3 million, $5 million, and even $10 million targets. This abrupt change caught data researchers’ attention, revealing significant anomalies in behavior patterns.

Three Accounts, Synchronized Strategies, and Warning Signs

The analysis by The Poly Nerd identified three wallets potentially involved in these suspicious insider trading activities. All three accounts were created just the day before the sale. More notably, they showed a surprisingly similar percentage of bets on the $5 million pool, suggesting deliberate coordination. Additionally, they had simultaneously reduced their investments in lower targets to heavily concentrate capital on higher ones, maximizing potential profits. This synchronized behavior pattern is one of the most compelling pieces of evidence of possible insider trading and market manipulation during the public sale.