The post Trader Turn $95 into $96.9K: Unbelievable 1000x Return in Just 12 Hours! appeared first on Coinpedia Fintech News
The recent rise in the crypto market and the launch of new cryptocurrency projects have given investors a chance to make quick profits. One trader took advantage of this and turned a small amount of money into a 1000x return in just 12 hours. However, some experts suggest that such a huge profit might be connected to insider trading. Could there be more behind this story?
From $95 to $96.9K
According to Lookonchain, a prominent blockchain analytical platform, a savvy crypto trader turned a small amount of 95 into a massive $96,900 in just 12 hours, making a remarkable return of over 1000%.
This incredible gain is linked to the trading of the cryptocurrency INCEPT an asset-backed transactional cryptocurrency to allow transactions globally, which is capturing significant attention in the crypto world.
Meanwhile, other traders have also turned small investments into massive profits. One investor transformed $93 into $89.4K, while another turned $117 into $79.5K in no time. And these aren’t single cases many traders are making similar gains while trading INCEPT coins, raising serious questions about insider trading.
Are Insider Wallets Behind the Success?
Lookonchain further revealed that many wallets making these extraordinary profits appear to be insider wallets. These wallets, created only four days ago, have exclusively traded INCEPT, raising concerns about potential insider trading activities within the market.
The rapid increase in INCEPT’s value has intrigued both seasoned investors and newcomers. Such dramatic price movements often attract both excitement and skepticism.
While this surge may present opportunities for profit, investors must exercise caution due to the potential for volatility and risks