Insider trading is, unfortunately, a common phenomenon in the market. The goal of many participants in the crypto community was to identify the wallets of insiders. By repeating their deals, in theory, you can make good money.
Popular blogger in the crypto community Wimar.X assertsthat he managed to discover the wallets of the team of the platform for creating tokens and trading cryptocurrency pump.fun. According to his observations, the owners of these wallets managed to make good money on coins that showed impressive results.
Wimar.X managed to get on the trail of wallets that supposedly belong to the pump.fun team, thanks to a video presentation of the platform’s new trading terminal. The blogger checked the information received through the Arkham analytical platform and established a connection between the wallets he was interested in and the project team.
Wallets attracted the attention of the author of the post, since, in his opinion, they can be the key to successful copy trading, that is, making money by repeating transactions of other market participants. He drew attention to the fact that the pump.fun team may have a lot of insights at its disposal that are easy to monetize. For example, if developers know that a specific coin is about to be listed, they can make money from the event. The fact is that the launch of trading on popular platforms often leads to a rapid increase in the cryptocurrency rate. All you need to do is stock up on the coins you are interested in and sell them on time.
To determine the most interesting wallets that may be associated with pump.fun, the blogger assessed their activity and PnL (Profit and Loss) data. The metric reflects the profit and loss from a trade or investment. PnL shows how much money a trader or investor has earned or lost over a certain period.
Here are the wallets he mentioned in the post:
| Wallet address | PnL | Number of tokens | Note |
|---|---|---|---|
| J2Q2j6kpSg7tq8JzueCHNTQNcyNnQkvr85RhsFnYZWeG | $1.4M | 100 | |
| 831qmkeGhfL8YpcXuhrug6nHj1YdK3aXMDQUCo85Auh1 | $450K | 218 | |
| 7RxsneKY83QNMHZAM3QrfMo4knFrDCzmbhwrFMotQkdD | 0 | 1 | A new wallet whose activity may also be useful to market participants |
According to the author of the post, members of the crypto community should monitor the activity of the wallets they specify. If his assumptions are correct and representatives of the pump.fun team are behind the wallets, information about their activity can be used to earn money.
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Source: Cryptocurrency
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