Suspected Insider Address Opens Long and Short Positions on APE Simultaneously, Profits Over $2.27 Million

BlockBeats News, April 25th, according to OnchainLens monitoring, a suspected insider trader's address opened both long and short positions on APE, making a profit of over $2.27 million.

The address first deposited 75 ETH (about $174,000) to establish a long and short position, then bought 1,027 ETH (about $2.37 million) on HyperLiquid and withdrew.

In addition, it also bought an additional 26 ETH on-chain, totaling 1,053 ETH purchased, ultimately realizing a profit of about 978 ETH.