More than 30 suspected insider addresses positioned in SLINK ahead of time, quickly profiting over $4.7 million.

BlockBeats News, September 5 - According to lookonchain monitoring, after Shivon Zilis reposted a post containing the SLINK contract address and Musk subsequently replied, SLINK's market cap briefly surged to $80 million. Following Shivon's deletion of the related post, SLINK's price immediately plummeted by over 80%.

Analysis indicates that during this market movement, over 30 suspected insider wallets purchased SLINK in advance and quickly sold, collectively profiting over $4.7 million, with the highest return exceeding 1,200 times. Meanwhile, numerous traders who followed the trend and bought in suffered losses.