Allegations of “insider trading” about Hooked Protocol (HOOK), which recently launched an education-focused ecosystem fund worth $ 50 million, became a hot topic.
Hooked Protocol (HOOK) on November 30 50 million dollars announced that it had launched an ecosystem fund worth But the HOOK community is addressing a multi-million dollar transaction that took place before this news was announced. made a mess.
According to allegations confirmed by Arkham Intelligence data, a wallet linked to HOOK’s official address was sent to the cryptocurrency exchange Binance hours before the announcement in question was shared on social media. $4.52 million HOOK made the transfer.
This process is clearly a insader trading case Community members who argue that Hooked Protocol administrators blamed.
According to CoinGecko data, HOOK quickly became popular with the post about the 50 million dollar fund. Gaining 20% from $1.03 to $1.24 had risen. The community claimed that some of the project managers took advantage of this price increase and made sales. There is no word yet from the HOOK front regarding the allegations. explanation did not come.
HOOK soon followed the rise that came with the news. 15% depreciates to $1.05 declined. HOOK while writing from $1.10 is being traded.