Recent transactions in the cryptocurrency space are raising concerns about potential market manipulation, particularly relating to trading of $Company.
What Happened?
On July 3, 2025, wallet 3xwRKt reportedly spent around $1.6 million to buy $Company, valued at only $20,000. Meanwhile, other wallets such as 7Hkpf3, 719isQ, and 8mserK sold off $Company for an identical $1.6 million, suggesting a possible pump-and-dump scheme or money laundering.
Link to Recent Crimes
Funding for 3xwRKt traces back to wallet Fqgsp9, which previously profited $6.23 million from trading $TRUMP. This connection hints at a complex network of traders leveraging blockchain anonymity. Solscan data indicates that the timing and scale of these transactions align with recent cases of crypto laundering.
Market Manipulation Issues
Market manipulation remains a significant threat to cryptocurrency investors. The U.S. Department of Justice’s 2022 report indicated that 34% of illicit crypto activities involve pump-and-dump schemes. These schemes often include artificially inflating a coin’s value before insiders cash out, leaving other investors with losses.
This incident underscores the necessity for enhanced monitoring in the cryptocurrency sphere. The crypto investing community should exercise caution when trading low-cap coins amid such suspicious signals.
