Over 30 Suspected Insider Trading Addresses Pre-positioned in SLINK, Quickly Profited Over $4.7 Million

BlockBeats News, September 5th. According to lookonchain monitoring, after Shivon Zilis retweeted a post containing the SLINK contract address and Musk subsequently replied, the SLINK market cap once surged to $80 million. After Shivon deleted the related post, the SLINK price immediately plummeted by over 80%.

Analysis indicates that during this market movement, over 30 suspected insider wallets bought SLINK in advance and quickly sold, totaling profits of over $4.7 million, with the highest gains exceeding 1200x. At the same time, a large number of traders who followed the market buy-in suffered losses.