Trader Net $480K 1,500x Return BNB Memecoin crashes 50%

The unknown trader pocketed nearly $500,000 in profits from the newly launched Memocoin just before the token lost half its value, promoting insider trading allegations amid the recent wave of Memocoin collapse.

The savvy trader made more than 1,500 times the revenues on his initial investments, and changed it to over $482,000 within 24 hours with BUBB (BUBB) Memecoin.

“We’ve changed $304 to $482K to $482K. 1,586x the return!

Profitable trade happened just before the token exceeded 50% of its value, and now fell from UTC’s peak market capitalization at $43.7 million on March 21 at 10pm, to $22.6 million, according to data from DexScreener.

*bubble/wbnb, the best chart of all time. sauce:* *Dex Screener*

Bubb Token began to attract investors’ attention on March 20th after Binance’s co-founder and chief customer service officer Yi commented on one of the token posts. This is a move that traders interpret as a sign of a potential token list for the world’s largest exchange.

More than 1,500 times the return of unknown traders has sparked an insider trading claim among market participants.

“Can I tag these types of posts with “Insider”? I can mute them all. I’ll rather be naive about it,” replied to the X-Post of Crueudonyous Crypto Investors Fhools, LookonChain.

The profitable trade comes a week after Hayden Davis’ Wall Street-inspired memocoin crashed 99%, showing signs of important insider activity ahead of the token collapse.

Davis launched the Wolf (Wolf) Memocoin on March 8th, and launched his own token based on rumors about Jordan Belfort, known as the Wolf of Wall Street.

The token reached a market capitalization of $42 million. However, according to a March 15 post by Bubblemaps, 82% of Wolf Token’s supply was bundled under the same entity.

Related: De-Canking of the Code will not end until January 2026: Caitlin Long

Davies’ latest token launch came weeks after Libra Token’s Collapse, with eight insider wallets cashing in liquidity of $107 million, resulting in a wipeout of $4 billion in market capitalization within hours.

Libra tokens became political issues, and Argentine President Javier Miley puts each ammo in danger after approving the Libra coin.

Related: Milei-Endoresed Libra Token was “Open Secret” from Memecoin Circles – Jupiter

Political memokines need stronger investor protection guardrails

To avoid another meltdown similar to Libra, tokens with Presidential approval will require stronger security and economic mechanisms, such as creating liquidity locks and liquidity pool tokens.

The report states that tokens of well-known leaders also need launch restrictions to limit participation from cipher sniping bots and large owners or whales.

According to Andrei Grachev, managing partner at DWF Labs, “Restricting bots and whales’ activities is essential to limiting the impact of individuals acting on insider information.”

“The project must strive to provide as fair launches as possible so that all participants have an equal opportunity to secure quotas and are not disadvantaged by a small number of funded players who claim a large portion of the supply.”