TLDR
- A trader made $8.9 million in less than an hour trading Shroom memecoin, causing suspicion of insider trading due to the trade’s timing and the coin’s subsequent value drop.
- A new memecoin gaining attention for its potential to challenge top memecoins, aiming for a $100 million market cap. It features a dual-token concept ($RBLZ and $RECQ) with unique offerings like an NFT marketplace and staking program.
In this article, we explore two intriguing aspects of the crypto market: the astonishing profits made by a mysterious trader in the Shroom memecoin and the growing excitement surrounding Rebel Satoshi ($RECQ), a promising new entrant in the memecoin space. Here is why the whale might be interested in investing in Rebel Satoshi’s $RECQ.
Crypto Whale Enjoys Shroom Memecoin Profit Amid Allegations of Insider Trading
An unknown trader made $8.9 million in profit in less than an hour through trading the Shroom memecoin in the same block where developers added liquidity, as shown by on-chain data.
The whale spent 6,000 Solana (SOL) tokens, worth around $1.04 million, on Shroom coins, and after an hour the trade sold for 57,112 SOL, worth $9.93 million, according to a March 20 Lookonchain X post.
This Shroom token launched on Raydium on March 20 as a mushroom-themed memecoin that has no intrinsic value or underlying utility. Since its launch, Shroom has lost 70% of its value and now has a market cap of $11.88 million.
The strange timing of the profitable trade resulted in allegations of insider trading among the crypto community. A user like Blockchain Maxi said it is impossible to win with new memes, meaning the whale engaged in insider trading.
Shroom, a Solana memecoin gained market interest after Trippy Labs announced a surprise airdrop in a March 20 X post that attracted over 268,000 views in 12 hours.
Memecoins are attracting retail interest due to their massive growth potential. With Solana memecoins leading the way, many users have found several altcoins to watch in the coming bull market. But in the case of Shroom, some investors believe insider trading enabled the crypto whale to make huge profits.
Nonetheless, there are speculations that the whale could have an eye on Rebel Satoshi ($RECQ) due to its massive growth potential.
Rebel Satoshi ($RECQ): A Groundbreaking Unique Memecoin Concept
Rebel Satoshi is a relatively new token that is turning heads in the memecoin space. Analysts believe it has what it takes to challenge the top memecoins in the coming months. Since it is still under development, investors and analysts are speculating about its growth potential.
On that note, the crypto community is already hyping Rebel Satoshi due to its unique aim and mission to unite the silent majority, set up an active community, and secure an impressive $100 million market cap before it challenges centralized crypto organizations.
This Rebel Satoshi project is hosted on the Ethereum network. It is the most recent addition to the memecoin space. Rebel Satoshi is a market-revolutionizing project inspired by the concepts and ideals of Satoshi Nakamoto and Guy Fawkes the project aims to oppose centralized market forces and eventually upend the status quo.
Furthermore, Rebel Satoshi has emerged as an appealing investment since it features a dual-token concept, which consists of a cool NFT marketplace, an arcade, and a staking program. To access all these features, crypto adopters need to acquire Rebel Satoshi’s tokens, namely $RBLZ and $RECQ.
After $RBLZ’s presale was completed, the token was listed on Coinstore, CoinGecko, Uniswap, and DEXTools exchanges. $RBLZ gained 150% in its public presale that concluded on February 29. On the flip side, $RECQ is in Stage 2 of its ongoing public presale, offering investors who missed out on $RBLZ an opportunity to enjoy massive returns.
$RECQ’s price in Stage 2 is $0.0044 and is set to rise to $0.0055 in the next stage of the presale, a 20% increase. This far, $RECQ has spiked 120% from the Early Bird Round price of $0.0020. Once $RECQ hits its listing price of $0.0125, $RECQ will have generated a 525% ROI for early backers. Thus, it is the best crypto investment in the market.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
