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Suspected insider trader makes over $2.27 million profit by opening positions in both directions.

MeNews
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Abstract generation in progress
ME News, April 25 (UTC+8), according to Onchain Lens monitoring, as APE surged over 110% in a short period, a suspected insider trader profited over $2.27 million by simultaneously opening both long and short positions. On-chain data shows the address initially deposited 75 ETH (approximately $174k) as margin, opening long and short positions for APE respectively, then purchased 1,027 ETH (approximately $2.37 million) on HyperLiquid and completed the withdrawal. Additionally, it bought another 26 ETH on-chain, totaling 1,053 ETH, ultimately realizing a profit of 978 ETH, equivalent to about $2.27 million. Due to the precise timing and abnormal returns, the operation has sparked widespread community doubt about insider trading. (Source: ChainCatcher)
APE-0.53%
ETH0.43%
HYPE-0.58%
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