The unknown trader made nearly half a million profits on Memocoin recently launched just before the token lost half its value, sparking an insider trading allegation after the recent wave of Memocoin meltdown.
The savvy trader made more than 1,500 times the revenues on his initial investments, and changed it to over $482,000 within 24 hours with BUBB (BUBB) Memecoin.
Source: LookonChain
“We’ve changed $304 to $482K to $482K. 1,586x the return!
The profitable trade occurred just before the token lost more than 50% of its value. DexScreener data shows from peaks upwards to UTC’s market capitalization of $43.7 million at 10pm on March 21st, to the current $22.6 million.
bubble/wbnb, the best chart of all time. Source: DexScreener
Bubb Token began attracting key investors’ attention on March 20th after Binance’s co-founder and chief customer service officer Yi He commented on one of the token posts. This is a move that traders interpret as a sign of a potential token list for the world’s largest exchange.
Source: Bubbnb
More than 1,500 times the return of unknown traders has sparked an insider trading claim among market participants.
“Can I tag these types of posts with “Insider”? I can mute them all. I’ll rather be naive about it,” replied to the X-Post of Crueudonyous Crypto Investors Fhools, LookonChain.
The profitable trade comes a week after Hayden Davis’ Wall Street-inspired memocoin crashed 99%, showing signs of important insider activity ahead of the token collapse.
Source: Bubblemaps
Davis launched the Wolf (Wolf) Memocoin on March 8th, and launched his own token based on rumors about Jordan Belfort, known as the Wolf of Wall Street.
The token reached a market capitalization of $42 million. However, according to a post by X’s Bubblembaps on March 15, 82% of Wolf Token’s supply was bundled under the same entity.
Related: Crypto-Decanking Not Finished until January 2026: Caitlin Long
Davies’ latest token launch came weeks after Libra Token’s Collapse, with eight insider wallets cashing in liquidity of $107 million, resulting in a wipeout of $4 billion in market capitalization within hours.
Libra tokens became political issues, and Argentine President Javier Miley puts each ammo in danger after approving the Libra coin.
Related: Milei-Endoresed Libra Token was “Open Secret” from Memecoin Circles – Jupiter
Political memokines need stronger investor protection guardrails
To avoid another meltdown similar to Libra, tokens with Presidential approval will require stronger security and economic mechanisms, such as creating liquidity locks and liquidity pool tokens.
The report says well-known leader tokens will also need launch restrictions to restrict participation from cipher sniping bots and large holders or whales.
According to Andrei Grachev, managing partner at DWF Labs, “Restricting bots and whales’ activities is essential to limiting the impact of individuals acting on insider information.”
“The project must strive to provide as fair launches as possible so that all participants have an equal opportunity to secure quotas and are not disadvantaged by a small number of funded players who claim a large portion of the supply.”
Source: DWF Lab
According to a report by DWF Labs, the Libra scandal has resulted in 74,698 traders losing capital worth $286 million.
Milei faces a call for each ammo from his political opponents after supporting a cryptocurrency that has been turned into a $100 million ragpur.
https://www.youtube.com/watch?v=6unogdvqwre
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