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Suspected insider trader profits over $2.27 million through two-way trading
Odaily Planet Daily reported that, according to Onchain Lens monitoring, as APE’s price surged over 110% in a short period, a suspected insider trader profited over 2.27 million USD by simultaneously opening long and short positions. On-chain data shows that this address initially deposited 75 ETH (about 174k USD) as collateral, opened both long and short positions on APE, then bought 1,027 ETH (about 2.37 million USD) on the HyperLiquid platform and completed a withdrawal. Additionally, it bought an extra 26 ETH on-chain, totaling 1,053 ETH purchased, ultimately realizing a profit of 978 ETH, approximately 2.27 million USD. The timing precision and abnormal profits of this operation have sparked widespread community suspicion of insider trading.