A recent analysis conducted by the blockchain firm Lookonchain discovered a questionable cryptocurrency trade that has sparked worries about potential insider trading. The trade involved an individual who managed to turn an initial investment of $49,000 into a staggering $2 million within a short five-hour timeframe.

Initially, the trader withdrew $49,000 worth of Solana (SOL) cryptocurrency from the Binance exchange platform. Subsequently, the entirety of the SOL was utilized to procure 261.4 million tokens of another cryptocurrency. The trader then transferred these tokens to multiple wallets without engaging in any selling activities, prompting further scrutiny into the identity and motives behind this unusual trading behavior. Authorities have been called upon to investigate the wallet addresses involved in this trade for funds tracking and to potentially reveal any insider trading intentions.