TechFlow news, on November 26, according to Onchain Lens monitoring, suspicious insider activity related to the $THE token occurred prior to Binance's announcement, mostly involving newly created wallets:
-
Wallet 1 (address: 0x123c1d309940a1f811445fa2efdd7dedfea686bf): 23 hours ago, withdrew $200,000 worth of $USDT from Bybit, purchased 918,214 $THE and sold 410,218 $THE for a profit of $433,000. It currently still holds 507,000 $THE, valued at approximately $548,000, with total profits reaching as high as $782,000.
-
Wallet 2 (address: 0xc6ebc9f4e2b13f462b82ee8a6128ba1eba5d4f35): Newly created three hours ago, withdrew 400 $BNB (worth about $249,000) from Binance, bought 490,786 $THE, now valued at around $514,000, with unrealized profits of approximately $264,000.
-
Wallet 3 (address: 0xad9663b6dae2703da64f852bbbec2c3e27dd5391): Also a new wallet, withdrew 1,638 $BNB (about $1.02 million) from Binance, purchasing 1,027,193 $THE at an average price of $1. Although it cannot be confirmed whether this constitutes insider trading, the purchase scale is substantial and may be related to an airdrop program.
