TechFlow news, on November 19, according to Lookonchain monitoring, after AI16z partner Shaw announced the deployment of a new token ELIZA, multiple insider wallets exhibited suspicious trading activities. After the ELIZA token was deployed at UTC time 06:01:41, ten wallets purchased 69.05 million ELIZA tokens for 2.07 SOL (approximately $503) within the same second, with the current value reaching $5.2 million.
A wallet suspected to belong to ai16z partner Logan dumped large amounts of lowercase eliza before the token deployment, then spent only 24.2 SOL (about $5,900) to acquire 233 million ELIZA tokens, now worth approximately $17.67 million, making it the largest holder.
In addition, one suspected insider wallet (ExYQ...vNw) spent just $1,900 to purchase 89.19 million ELIZA tokens, later selling 53.47 million for a profit of $1.91 million. The remaining tokens are worth $2.75 million, achieving a total profit of $4.66 million within a few hours, yielding an extraordinary return of 2,446 times.
