In the past 24 hours, the memecoin $MOG has experienced a 16% decline. However, data from iCrypto.ai has revealed an insider trader consistently capitalizing on $MOG’s price movements.
This trader has a history of purchasing $MOG before significant price surges.
On June 08, 2024, the trader acquired 280.18 billion $MOG at $0.00001241, spending approximately $350,000. Following a more than 30% drop in $MOG’s price, the trader bought an additional 120.26 billion $MOG at $0.000068793, investing another $106,170. In total, the trader accumulated 400.44 billion $MOG for around $456,000.
Remarkably, after the price of $MOG increased by over 140%, the insider continued buying without selling. On July 04, 2024, the trader purchased 89.06 billion $MOG at $0.00001413 (roughly $115,500) and received 49.55 billion $MOG worth $70,520 from wallet 0xbd5f, bringing the total acquisition to 138.61 billion $MOG (approximately $186,000).
https://t.co/kFF8LDumzs found an insider trader of $MOG
He always buys $MOG before the big price increases
Check out the trading behavior, how much he earned, and the amount of $MOG he is holding in the thread below 🧵 pic.twitter.com/QGYwBUrqLy
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) August 1, 2024
Insider Makes Notable Profits From Selling At 48% Gain
When $MOG hit a new all-time high on July 21, 2024, the insider sold 42.35 billion $MOG, realizing a profit of $31,050, representing a 48.73% gain, but retained 496.25 billion $MOG.
Between July 22 and July 29, the trader invested over $800,000 to purchase an additional 544 billion $MOG at $0.000017. Subsequently, the trader transferred all $MOG holdings to another wallet for safekeeping.
As of now, the insider holds a total of 1.04 trillion $MOG, valued at approximately $2.3 million.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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