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Solana’s SOL Gains 8% Amid Insider’s $153K Minette Windfall

Published 05/11/2024, 01:30 AM
Updated 05/11/2024, 01:45 AM
Solana’s SOL Gains 8% Amid Insider’s $153K Minette Windfall
SOL/USD
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  • Insider gains $153K from Minette tokens in 15 hours.
  • Solana ups by 8% as Bull Bear Power signals bullish market control.
  • SOL nears $159 resistance as bullish trend eyes the $176.12 barrier.

An insider achieved remarkable gains in just 15 hours, turning a modest initial investment of 3.89 $SOL ($600) into 999 $SOL ($153.56K). This swift increase was facilitated by withdrawing 3.89 $SOL from Binance and then spending 2.89 $SOL ($445) to buy 2.46 billion Minette tokens.

According to Lookonchain, this transaction occurred in the same block where the developer added liquidity. The insider subsequently sold 1.04 billion Minette tokens for 998.7 $SOL ($153K), leaving them with a remaining 1.42 billion Minette tokens, currently valued at approximately $2.5 million in unrealized gains.

However, Minette’s rapid ascent c…

The post Solana’s SOL Gains 8% Amid Insider’s $153K Minette Windfall appeared first on Coin Edition.

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