Bitcoin
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$67,580.00 -0.54185
Bitcoin price
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$3,475.43 -1.38629
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BNB
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$590.71 -2.02141
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$179.14 -1.62289
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$0.6123590 2.56835
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$0.0000176 -2.55644
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$0.0000122 -1.32224
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$0.0000295 -7.93581
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Bitcoin
Bitcoin (BTC)
$67,580.00 -0.54185
Bitcoin price
Ethereum
Ethereum (ETH)
$3,475.43 -1.38629
Ethereum price
BNB
BNB (BNB)
$590.71 -2.02141
BNB price
Solana
Solana (SOL)
$179.14 -1.62289
Solana price
XRP
XRP (XRP)
$0.6123590 2.56835
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000176 -2.55644
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -1.32224
Pepe price
Bonk
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$0.0000295 -7.93581
Bonk price
Bitcoin
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$67,580.00 -0.54185
Bitcoin price
Ethereum
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$3,475.43 -1.38629
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BNB
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$590.71 -2.02141
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Solana
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$179.14 -1.62289
Solana price
XRP
XRP (XRP)
$0.6123590 2.56835
XRP price
Shiba Inu
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$0.0000176 -2.55644
Shiba Inu price
Pepe
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$0.0000122 -1.32224
Pepe price
Bonk
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$0.0000295 -7.93581
Bonk price
Bitcoin
Bitcoin (BTC)
$67,580.00 -0.54185
Bitcoin price
Ethereum
Ethereum (ETH)
$3,475.43 -1.38629
Ethereum price
BNB
BNB (BNB)
$590.71 -2.02141
BNB price
Solana
Solana (SOL)
$179.14 -1.62289
Solana price
XRP
XRP (XRP)
$0.6123590 2.56835
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000176 -2.55644
Shiba Inu price
Pepe
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$0.0000122 -1.32224
Pepe price
Bonk
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$0.0000295 -7.93581
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Market watchers questioning Hooked protocol for potential insider trading

market-watchers-questioning-hooked-protocol-for-potential-insider-trading
Edited by
News
Market watchers questioning Hooked protocol for potential insider trading

The Hooked Protocol, a Binance IEO project, has recently come under scrutiny from the community for potential insider trading activities. 

Concerns were raised when it was noticed that a multi-signature address, believed to be associated with the official project, transferred HOOK tokens valued at approximately $4.52 million to Binance shortly before a major fund announcement. This transaction occurred two-to-four hours prior to the unveiling of a new $50 million fund, leading to speculation about the timing of the transfer.

Subsequent to the announcement, the price of HOOK experienced a temporary surge, peaking at $1.24, before retracting to $1.05 within a span of just over four hours. Market watchers and investors are questioning the fairness and transparency of the operations, pointing to the price volatility as a sign of possible information asymmetry.

A closer examination of Hooked Protocol’s market data reveals a wider context for these events. The token is currently trading at $1.07, with a 24-hour trading volume of $22,707,605. While it has seen a 7-day increase of 11.75%, its 30-day and 180-day metrics show a decrease of 21.86% and 26.78% respectively. Hooked Protocol’s price is significantly down from its all-time high (ATH) of $4.07, representing a 73.73% drop.