DatafromawhaletrackedbycryptocurrencytrackingcompanyArkhamhasraisedserioussuspicionsthatthewhalecouldbeaninsider.
Accordingtothedata,thewhaleinquestionmadealargeprofitfromGOAT,oneofthemosttalkedaboutmemecoinsofrecentdays,andincreasedhisinvestmentof$58,000to$7.5million.
Thecryptowhalewiththeshortaddress4Jpefpurchasedapproximately1.5%oftheGOATtoken’ssupplyatalowpriceinitsearlystages,whichraisessuspicionsthatthiswhalemaybeaninsider,asheinvestedheavilyinatokenthatisnotyetcertainwhetheritwillcatchoninthemarket.
Thesamecryptocurrencywallethadpreviouslyreceived$104,000fromanotherwalletholding1.4%ofanothermemecoincalledDADDY,suggestingthatthewalletswereconnected.TheDADDYtokensinquestionwerealsopurchasedwithin2hoursofthetoken’slaunch.
Atthetimeofwriting,therearestillover$7millioninassetsinthe4Jpefwallet,almostallofwhichareGOATtokens.
*Thisisnotinvestmentadvice.
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