Recent analysis by Onchain Lens has unveiled unorthodox trading patterns surrounding the THE token leading up to Binance’s significant announcement on November 26th. The data indicates potential insider trading, primarily involving the activity of newly established wallets. For instance, one wallet, created just 23 hours prior, withdrew 200,000 USDT from Bybit, subsequently acquiring 918,214 THE before liquidating a portion for a notable profit of $433,000. This wallet currently retains 507,000 THE, estimated to be valued at roughly $548,000, culminating in total gains nearing $782,000.
Another wallet, generated only three hours ago, exhibited similar behavior, withdrawing 400 BNB from Binance, translating to approximately $249,000. It used the funds to purchase 490,786 THE, which now stands around $514,000, resulting in an unrealized profit of about $264,000. Additionally, a third wallet, also recently created, took a more substantial plunge, withdrawing 1,638 BNB (approximately $1.02 million) to acquire 1,027,193 THE at an average cost of $1 per token. These developments warrant close scrutiny as they unfold in the evolving landscape of cryptocurrency trading.