Four savvy wallets were ahead of the game when they snatched up Stargate Finance (STG) tokens.
They promptly offloaded all of their STG holdings just after the market spike, according to Lookonchain.
A group of investors pooled their resources, spending a total of $131,462 to acquire 266,200 STG tokens. They snatched up the tokens before the market saw a sudden surge of 45% on January 22, 2023.
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According to Lookonchain, the investors sold all their tokens for a grand total of $181,416 and amassed a profit of $49,954.
The parallel nature of their individual transactions, all happening in quick succession, led Lookonchain to suspect that these investors could be “insider traders.”
To be able to make such well-informed decisions, the lucky four could have been privy to privileged information.
On January 23, 2023, the live Stargate Finance price surged by 47% to trade at $0.623814 USD with a 24-hour trading volume of $154,146,916 USD.
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