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Alleged insider trader profited over $2.27 million 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 long and short positions. On-chain data shows that the address initially deposited 75 ETH (approximately $174k) as margin, opened long and short positions on APE, then bought 1,027 ETH (approximately $2.37 million) on the HyperLiquid platform and withdrew. Additionally, it purchased an extra 26 ETH on-chain, totaling 1,053 ETH, ultimately realizing a profit of 978 ETH, equivalent to approximately $2.27 million. The operation, due to its precise timing and abnormal returns, has sparked widespread community suspicion of insider trading. (Source: ChainCatcher)
APE2.30%
ETH2.61%
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