An on-chain address identified as 0x0b8a converted $174,000 into roughly $2.45 million trading ApeCoin within 24 hours — a 14x return and approximately $2.27 million in net profit.
The wallet opened a long position ahead of a sharp price surge in $APE, closing near the local top for a $1.79 million gain. The trader then immediately reversed to a short position, capturing an additional $488,000 as the price pulled back.
The precision of the entries and exits — long before the pump, short near the peak — has drawn scrutiny from on-chain analysts flagging the activity under insider-trading patterns. No protocol announcement or catalyst has been publicly confirmed to explain the timing.
Original content
This insider turned $174K into $2.45M by trading $APE in just 1 day — making $2.27M, a 14x return!
Insider 0x0b8a went long on $APE before the surge and closed near the top for a $1.79M profit.
He then immediately flipped short and made another $488K.
https://t.co/52YfCorLWr https://t.co/8GATkAdGyg
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