Over the past 3 months, $10 million has been harvested, unveiling Solana's insider address operation routine
Original Author: @StarPlatinumSOL
Original Translation: zhouzhou, BlockBeats
Editor's Note: Behind many of the lucrative trades on Solana lies insider manipulation. These insiders collaborate with project teams, pre-purchase tokens, then sell at a high price to pocket millions of dollars. Projects like LIBRA and HAWK have been exposed for internal wallet operations, trapping ordinary investors.
The following is the original content (reorganized for easier comprehension):
I have been tracking internal wallets on Solana. They are making millions.
And most people have no idea what's going on, but now you can see for yourself how they are doing it.
Why can some traders quickly become immensely wealthy? It's not luck. They know when to buy and when to sell.
You can't see their chat logs, but you can track their wallets. Because the blockchain never lies.
The LIBRA team attacked their own token using an internal wallet, making a whopping $6.65 million.
Prior to going live, wallet address 0xcEAe…06e2 received 1.6 million USDC, bought 3.77 million LIBRA, then sold to cash out 8.25 million USDC.
This wallet also transferred funds to Dave Portnoy, directly linking it to the LIBRA team.
Now let's take a look at this Solana wallet: 3JPYL9xEPFjefV3tccrUwhLzME1mMq2dQSDeDebgzQi6
After trading 229 tokens, it achieved a profit of +1.35 million USD.
Representative operations include: TRUMP, jailstool, and WHISP.
Let's take a look at another example of a Solana wallet: Address: CdFHmaj37EtjgRqvyt6vZqoA9tuMSvKLSmbgpuV6ejaP
After trading 695 tokens, a profit of over $1.01 million was achieved.
Representative achievements include: MLG, arc, and SPOR.
Do you remember that token from Andrew Tate?
At launch, insiders bought 30%.
Before Tate's tweet, 11 wallets recharged through Binance had already grabbed 20%.
Eventually, the price plummeted, and those who took over were all trapped.
Hawk Tuah Girl was also deceived by insiders of her own token HAWK.
The team behind it allowed internal wallets to grab a large amount of tokens,
and she ended up being set up, damaging her reputation.
Insiders often have direct contact with developers, so keeping an eye on them could be your advantage.
Tracking their movements can help you detect market trends earlier. Many people believe this is one of the best ways to make money in the crypto world, but it also comes with significant risks.
Cases like LIBRA and MELANIA illustrate that the market is being manipulated by insiders.
If the wallets and address lists involved are thoroughly exposed, everything could be rewritten.
Is this the end of the insider era? I don't think so.
