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Pseudonymous onchain analyst Dethective has uncovered evidence of suspected insider trading across two major token launches. The investigation reveals interconnected wallets extracted nearly $23 million in profits using privileged positioning. Both YZY and LIBRA launches show patterns of coordinated sniper activity.
- YZY sniper wallet bought tokens at $0.20 versus market price, securing $1M+ profit within minutes
- Same treasury wallet received funds from both YZY and LIBRA operations totaling $23M
- Funds were moved to centralized exchanges (Binance) and DeFi protocols (Kamino) after extraction
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