An unknown trader turned a mere $304 investment into over $482,000, achieving a staggering return of 1,586 times, on the recently launched Bubb (BUBB) memecoin. The trader purchased 43.94 million BUBB tokens and sold almost 29 million for $122,000 shortly before the token's value plummeted by over 50%, reducing its market cap from $43.7 million to $22.6 million within hours. This volatility in the memecoin market has raised insider trading allegations following an apparent spike in interest, triggered by a comment from Binance's Yi He, which many saw as a precursor to a potential listing. The sudden rise and fall of BUBB mirrors preceding market movements, such as Hayden Davies’ Wolf of Wall Street-inspired WOLF token, which also saw a significant market cap but was tangled in insider trading concerns that resulted in heavy losses for many investors. Experts suggest that stronger regulatory measures and protective mechanisms are needed to prevent insider trading and project failures in the crypto space.

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