Ten minutes after Binance’s announcement, the investor offered all RPL tokens and picked up $55,397 in revenue.
The investor used Uniswap and swapped 190,000 Tether (USDT) for 190,024 USD Coin (USDC) first. They subsequently exchanged all of the USDC for 119.79 Ethereum (ETH), which he used to buy 5,883.9 RPL. After that, the investor exchanged one other 10,000 USDT for six.302 ETH and purchased an extra 209.49 RPL with it.
After ready for twenty-four minutes, the mysterious dealer went back to Uniswap and exchanged all of the RPL tokens he held for 162.06 ETH, which he then exchanged for 255,397 USDT instantly. The USDT and ETH utilized by the nameless dealer got here from OXS, as Wu Blockchain states.
Inside this 24 minutes, main crypto trade Binance announced that it’s itemizing RPL within the innovation zone and can open buying and selling pairs on Jan 18, 2023.
On account of the announcement, RPL surged by 32.2%, rising from $31.96 to as excessive as $42.26. The token is being traded for round $35.84 on the time of writing.
The proper timing of the RPL commerce led the group to question if this was insider buying and selling or simply buyers’ luck.