Insiders earned $1.7 million on listings
The Wall Street Journal released a report from Argus in which analysts studied the transactions of several addresses. The study found facts that could indicate insider trading.
The research shows that wallets were buying tokens before they were listed and selling them immediately afterwards.
In total, Argus found 46 addresses that bought crypto on three major exchanges (Binance, FTX and Coinbase). And the net profit from the sale of coins after the listing was more than $1.7 million.
