Suspected insider trader profits over 2.27 million dollars from dual positions

According to Onchain Lens monitoring, as APE's price surged over 110% in a short period, a suspected insider trader profited over $2.27 million by simultaneously taking long and short positions.

On-chain data shows that this address initially deposited 75 ETH (approximately $174,000) as margin, opening both long and short positions on APE, and then purchased 1,027 ETH (approximately $2.37 million) on the HyperLiquid platform and completed the withdrawal. Additionally, they bought another 26 ETH on-chain, totaling 1,053 ETH purchased, ultimately realizing a profit of 978 ETH, equivalent to about $2.27 million. This operation has raised widespread suspicion of insider trading in the community due to its precise timing and abnormal returns.