Insider trading alarms raised as trader turns $5K into $2.16M in 40 minutes
The post Insider trading alarms raised as trader turns $5K into $2.16M in 40 minutes appeared on BitcoinEthereumNews.com.
A crypto trader reportedly turned just $5,245 into more than $2.16 million in under an hour through several trades involving the newly launched memecoin BNBHolder, according to on-chain data shared by blockchain analytics platform Lookonchain. Lookonchain posted on X Thursday that the wallet, identified as 0x94ac8d…4e22eaa1c, bought and sold millions of BNBHolder tokens within 40 minutes. The trader spent 4 BNB, valued at approximately $5,245, to purchase 41.11 million BNBHolder tokens. Soon after, they sold 33.55 million tokens for 956 BNB, equivalent to about $1.25 million, while retaining a balance of 7.55 million tokens, then valued at roughly $906,000. Together, the realized and unrealized profits amounted to over $2.15 million, a return of more than 41,000%, or roughly 410 times the initial investment. Memecoin trader sells BNBHolder, traders count over $2 million in profits Blockchain transaction data, as of 7:30 UTC from BscScan, corroborated the trades, showing transactions between the wallet and the Binance DEX of approximately 1,000,000 to 2,000,000 BNBHolder tokens being transferred and sold. This guy turned $5,245 into $2.16M in just 40 minutes, a 410x return! He spent 4 $BNB($5,245) to buy 41.11M $BNBHolder and sold 33.55M $BNBHolder for 956 $BNB($1.25M), leaving 7.55M $BNBHolder($906K). In just 40 minutes, he made a profit of over $2.15M (+41,088%). Address:… pic.twitter.com/rAyXUesx9U — Lookonchain (@lookonchain) October 9, 2025 The trade frenzy came shortly after Binance Wallet’s “MemeRush” feature went live, a new platform element enabling users to discover and trade meme tokens directly through Binance’s decentralized ecosystem. According to Lookonchain, within less than an hour of MemeRush’s debut, 13 wallets had already recorded more than $1 million each in profits from BNBHolder. Screenshots shared by the analytics firm showed the top-performing accounts had realized profits between $1.2 million and $2.9 million, with token holdings still worth hundreds of thousands of dollars…
