TechFlow reports, on January 2, according to Spot On Chain monitoring, a trader (suspected insider) precisely traded KEKIUS tokens, generating $2.86 million in profit over 18 days with a staggering return of 1700x.
The address invested 0.5 ETH (approximately $1,963) on December 14, 2024, to purchase 35.58 million KEKIUS tokens. The trader then sold in two batches: first selling 10.13 million tokens for 4.91 ETH on December 16; then, within two days after Musk changed his X username to "Kekius Maximus," triggering a 4300% surge in the token's price, offloaded the remaining 25.26 million tokens for 843 ETH ($2.83 million).
Notably, this exit strategy occurred just before Musk reverted his username change, which subsequently caused the token's price to plummet by 75%.
