Mysterious investor bought RPL 10 minutes before Binance listing

A mysterious wallet purchased 6193.46 Rocket Pool (RPL) tokens 10 minutes before Binance announced the token’s listing, according to Wu Blockchain. Ten minutes after Binance’s announcement, the investor sold all RPL tokens and collected $55,397 in profit. The transfers The investor used Uniswap and swapped 190,000 Tether (USDT) for 190,024 USD Coin (USDC) first. They subsequently […]

Don't got time to read? Listen it & multi task

A mysterious wallet purchased 6193.46 Rocket Pool (RPL) tokens 10 minutes before Binance announced the token’s listing, according to Wu Blockchain.

Ten minutes after Binance’s announcement, the investor sold all RPL tokens and collected $55,397 in profit.

The transfers

The investor used Uniswap and swapped 190,000 Tether (USDT) for 190,024 USD Coin (USDC) first. They subsequently exchanged all the USDC for 119.79 Ethereum (ETH), which he used to purchase 5,883.9 RPL. After that, the investor exchanged another 10,000 USDT for 6.302 ETH and bought an additional 209.49 RPL with it.

After waiting for 24 minutes, the mysterious trader went back to Uniswap and exchanged all the RPL tokens he held for 162.06 ETH, which he then exchanged for 255,397 USDT immediately. The USDT and ETH used by the anonymous trader came from OXS, as Wu Blockchain states.

Binance listing

Within this 24 minutes, leading crypto exchange Binance announced that it is listing RPL in the innovation zone and will open trading pairs on Jan 18, 2023.

As a result of the announcement, RPL surged by 32.2%, increasing from $31.96 to as high as $42.26. The token is being traded for around $35.84 at the time of writing.

RPLUSD
RPLUSD

The perfect timing of the RPL trade led the community to question if this was insider trading or just investors’ luck.

The post Mysterious investor bought RPL 10 minutes before Binance listing appeared first on CryptoSlate.

Latest articles by Glenn Nasta

PEGA Pool is the Powered By Sponsor for Mining Disrupt 2023, Supporting Greener Future for Bitcoin Mining
Codego Crypto Gift Cards
Codego Launches the New Era of Crypto Gift Cards
HJHRE Reports HJH Investments’ First Quarter 2023 Results
Introducing DexCheck: The Future of AI-Enhanced Analytics in Crypto and NFT Markets
Introducing DexCheck: The Future of AI-Enhanced Analytics in Crypto and NFT Markets
Translate »