Over 30 suspected insider addresses profit $4.7M from SLINK trades

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Over 30 suspected insider addresses generated over $4.7 million from SLINK trades, with returns exceeding 1,200 times. The connection to the project team remains unclear. After a Neuralink executive posted the SLINK contract address and Elon Musk replied, the token’s market cap briefly reached $80 million. Altcoins to watch often exhibit sharp volatility, and the Fear & Greed Index reflects these swings. The token dropped more than 80% after the post was deleted.

Odaily Planet Daily reports, according to Lookonchain monitoring, over 30 suspected insider addresses bought SLINK early and quickly sold it, collectively profiting over $4.7 million with a return of more than 1,200 times. It is currently unconfirmed whether these addresses are affiliated with the project team.

It is reported that after Neuralink executive Shivon Zilis shared a post containing the SLINK contract address and Elon Musk replied to it, SLINK’s market capitalization surged rapidly to approximately $80 million. Shortly afterward, Shivon deleted the post, and SLINK plummeted by more than 80%.

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