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Suspected insider trader profits over $2.27 million through two-way trading
Mars Finance News: According to Onchain Lens monitoring, as APE saw a price increase of over 110% in a short period, a suspected insider trader reportedly profited more than $2.27 million by simultaneously setting up both long and short positions. On-chain data shows that the address initially deposited 75 ETH (about $174,000) as collateral, opening both APE long and short positions; it then bought 1,027 ETH (about $2.37 million) on the HyperLiquid platform and completed a withdrawal. In addition, it bought an extra 26 ETH on-chain, bringing the total purchased to 1,053 ETH. Ultimately, it realized a profit of 978 ETH, equivalent to about $2.27 million. Due to the precision of the timing and the unusually large returns, the operation has sparked widespread community suspicion of insider trading.