More than 30 suspected insider addresses took early positions in SLINK, reaping over $4.7 million in quick profits.
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According to Lookonchain monitoring, after Shivon Zilis reposted a post containing the SLINK contract address and Elon Musk subsequently replied, SLINK's market cap surged to $80 million at one point. After Shivon deleted the relevant post, SLINK's price plummeted more than 80%. Analysts noted that in this market movement, over 30 suspected insider wallets bought SLINK in advance and sold quickly, reaping a total profit of over $4.7 million, with the highest return exceeding 1,200 times. Meanwhile, numerous traders who followed the trend to buy suffered losses.
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