An unknown trader made an incredible $482,000 profit from the Bubb (BUBB) memecoin, achieving more than a 1,500-fold return on his investment of $304 in less than 24 hours. This substantial gain occurred just before the token's value plummeted over 50%, from a market peak of $43.7 million to $22.6 million. The token gained traction after a comment from Binance's Yi He was interpreted as a potential listing on the exchange. Following the trade, market participants raised allegations of insider trading, especially in light of previous events involving other memecoins like Hayden Davies' Wolf (WOLF), which showed signs of significant insider activity before its collapse. The demand for regulatory measures to prevent similar incidents is rising, with calls for improved safety mechanisms in tokens backed by political endorsements, highlighted by the earlier debacle of the Libra token which caused substantial investor losses.

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