Bitcoin
Bitcoin (BTC)
$51,378.00 0.2828
Bitcoin price
Ethereum
Ethereum (ETH)
$3,039.88 2.51271
Ethereum price
BNB
BNB (BNB)
$384.21 0.93946
BNB price
Solana
Solana (SOL)
$102.62 0.07739
Solana price
XRP
XRP (XRP)
$0.5425090 -0.51721
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000096 0.27474
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000013 5.01354
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000057990 -1.01954
El Hippo price
Bonk
Bonk (BONK)
$0.0000115 -1.51487
Bonk price
Bitcoin
Bitcoin (BTC)
$51,378.00 0.2828
Bitcoin price
Ethereum
Ethereum (ETH)
$3,039.88 2.51271
Ethereum price
BNB
BNB (BNB)
$384.21 0.93946
BNB price
Solana
Solana (SOL)
$102.62 0.07739
Solana price
XRP
XRP (XRP)
$0.5425090 -0.51721
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000096 0.27474
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000013 5.01354
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000057990 -1.01954
El Hippo price
Bonk
Bonk (BONK)
$0.0000115 -1.51487
Bonk price
Bitcoin
Bitcoin (BTC)
$51,378.00 0.2828
Bitcoin price
Ethereum
Ethereum (ETH)
$3,039.88 2.51271
Ethereum price
BNB
BNB (BNB)
$384.21 0.93946
BNB price
Solana
Solana (SOL)
$102.62 0.07739
Solana price
XRP
XRP (XRP)
$0.5425090 -0.51721
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000096 0.27474
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000013 5.01354
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000057990 -1.01954
El Hippo price
Bonk
Bonk (BONK)
$0.0000115 -1.51487
Bonk price
Bitcoin
Bitcoin (BTC)
$51,378.00 0.2828
Bitcoin price
Ethereum
Ethereum (ETH)
$3,039.88 2.51271
Ethereum price
BNB
BNB (BNB)
$384.21 0.93946
BNB price
Solana
Solana (SOL)
$102.62 0.07739
Solana price
XRP
XRP (XRP)
$0.5425090 -0.51721
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000096 0.27474
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000013 5.01354
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000057990 -1.01954
El Hippo price
Bonk
Bonk (BONK)
$0.0000115 -1.51487
Bonk price

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.

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