Coinbase Insider trading details — a wallet started buying $400k worth of tokens about 24hrs before the Coinbase Asset Listing post was published. The tokens are worth over $572,000 now.
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The wallet was identified by twitter user @Cobie shortly after the Coinbase post went public.
Over 11 hours, the wallet spent $88,942.48 buying KROM, $80,023.48 on DFX, $72,299.45 on RADAR, $70,635.74 on RAC, $64,864.59 on NDX, and $27,309.96 on PAPER.
Since the Coinbase blog post went live last night, each of those tokens has increased dramatically in price. On Tuesday afternoon, Kromatika was up 40%, DFX up 42%, DappRadar up 53%, RAC was up 22%, Index up 43%, and Paper up 63%.
Since the Coinbase blog post went live, each of those tokens has increased dramatically in price. On Tuesday afternoon, Kromatika was up 40%, DFX up 42%, DappRadar up 53%, RAC was up 22%, Index up 43%, and Paper up 63%.
The tokens purchased by the wallet are now worth more than $572,000. Thats a profit of 42% or $172,000 in a day.
Apparently this is not even the first time CoinBase has had an insider trading scandal this year. Way to go CB!
submitted by /u/Hancgfv
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