An insider trader collected 500 million SHAR from 104 wallets 4 hours ago and sold them all, making a profit of $2.4 million

According to Lookonchain monitoring, a insider trader sold 5 billion SAR (50% of the total supply) at a price of 19,620 SOL (3.38 million US dollars), causing SAR prices to plummet by 96%! The insider trader used 5710 SOL (948,000 US dollars) in 16 wallets to buy 6.656 billion SHAR (66.56% of the total supply), and distributed it to over 100 wallets. Four hours ago, he collected 5 billion SHAR from 104 wallets and sold them all at once, earning 13,910 SOL (2.4 million US dollars).