NFT News by Thebittimes.Com

A Solana (SOL) ecosystem cryptocurrency trader made nearly 4,000% of unrealized gains in a 5-hour trade, raising alerts for insider trading. The initial investment worth $49,000 suddenly became a $2 million stack of TORI, a recently launched meme coin. According to a report by Lookonchain , a trader spent 344 SOL, worth $49,000, to purchase 261.4 million TORI. The initial SOL originated from two Binance withdrawals to two new wallet addresses on April 25 and 26. Notably, the trader transferred the TORI tokens to multiple addresses on April 28, immediately after buying them. The 261.4 million TORI has a valuation of $2 million and reached approximately five hours after the trading activity. Picks for you 2 cryptocurrencies to reach $100 billion market cap in May 14 mins ago ‘Final warning’ as Bitcoin faces imminent devastating capitulation 1 hour ago Popular Bitcoin wallet bans United States citizens from its service 2 hours ago Has Bitcoin topped out? P...

DWF Labs has further solidified its alliance with the FLOKI ecosystem by substantially acquiring FLOKI tokens valued at $1.25 million .  DWF Labs executed this acquisition over the counter, highlighting strong belief in the meme coins in the ongoing bull market. DWF LABS PURCHASES AN ADDITIONAL $1,250,000 IN TOKENS TO SUPPORT THE FLOKI ECOSYSTEM Industry-leading digital asset market maker and multi-stage Web3 investment firm DWF Labs purchased an additional $1,250,000 in $FLOKI tokens from the #Floki Treasury and has expressed a strong… pic.twitter.com/Z7z2AaaBKl — FLOKI (@RealFlokiInu) December 5, 2023 You might also like: BlackRock and Bitwise amended applications for spot Bitcoin ETF yet again FLOKI’s price has been incrementally growing throughout the past year. Although memecoins have been notably stale throughout the first half of 2023, FLOKI’s price has soared by over 300% in a year. The acquisition of DWF Labs earlier today further boosted the memecoin’s pri...