TechFlow reports, according to Lookonchain monitoring, insiders spent 1,500 SOL (approximately $225,000) across four wallets within the same block to purchase 674 million Thug tokens—this block was the same one in which the token deployer added liquidity.
Subsequently, these 674 million Thug tokens were distributed to multiple wallets, and 464 million Thug tokens were sold, yielding 11,454 SOL (approximately $1.72 million). The insider earned 9,954 SOL (around $1.49 million) within just 10 hours. The remaining 210 million Thug tokens have already been burned.
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