There has been speculation that two different accounts made huge profits by investing before the Gains Network (GNS) listing on Binance that took place today.
According to data provided by Polygonscan, two anonymous users made significant profits by making large purchases before Gains Network’s Binance listing, thanks to the post-listing hype.
The first of the wallets about 1 week ago Started to receive GNS. At an average of $7.38 approximately 500 thousand dollars worth 67,707 GNS The user who bought it made a sale after the Binance listing announcement. Average selling at $11.22 The user who made it sold almost all of its assets. Decentralized exchange (DEX) buying and selling transactions 1inch Anonymous user who performs over Profit of around $250,000 achieved.
Another user drew attention by making a purchase shortly before Binance’s listing news. About the listing news $208,000 worth of GNS with 20 minutes left Anonymous user who buys the product, makes a sale after listing, and in a short time 105 thousand dollars It has earned around a profit.
On the other hand, on-chain research platform Scope Protocol, especially suggested that the first address mentioned was not insider trading. The Periscope team made the first purchase of this anonymous user. a month ago He pointed out that the trading and staking processes continued during the process, adding that “just a foresighted investor” he described.
GNS, which is still in the second position in the ranking of the highest risers on Binance, CoinGecko after the announcement, according to data 57% experienced a sudden rise. Before the announcement $7.9 GNS traded at levels $12.5 again after rising up to the band for $11.2 declined.
These recent events prior to Binance listings have fueled insider trading rumors. As you may recall, the statement made in the past weeks coinbase manager Conor Grogan, Notable trading movements during Binance listings for the last 18 months. By pointing out, Insider strengthened his trading claims.