Someone Just Cashed Out $654K in Hours on INIT — Insider or Genius Trader?
Crypto Twitter is low-key melting down after a Hyperliquid trader pulled off what looks like the cleanest snipe of the year. The trader went long on it , the native token of the Initia blockchain, just after it launched — and now they’re sitting on a $654K profit. Yeah… in just 15 hours.
The Setup
INIT dropped on April 24, launching on multiple crypto exchanges and instantly becoming the move. A post from Lookonchain spilled the alpha:
- The trader went long on Hyperliquid with 2X leverage
- Entry price was $0.638
- It is now trading at around $0.8494 (+30.82% in 24 hours)
- The trade made a $654,000 profit, per Hypurrscan
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Insider Alpha or Just Luck?
Crypto sleuths are calling foul play, speculating that the trader might be tied to the Initia team. The timing is just too perfect — the position was opened minutes after the token started trading, right before the massive pump.
Whether it’s insider info or sharp instinct, the streets are watching. 🕵️♂️
INIT Token Stats (at press time):
- Price: $0.8494
- Volume: ~$1B in 24 hours
- Market Cap: $126.35M
- Rank: #304 on CoinMarketCap
- From Binance Launch Price: $0.2 ➡️ $0.85 = +325%
It is clearly making waves across both centralized and decentralized exchanges — and it’s only been live for a day.
Bottom Line:
Whether you believe the trader is an insider or just cracked the code, this launch is the latest reminder that new token launches = wild opportunities (and even wilder drama).
Keep your eyes on this one. The blockchain is watching.
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