The cryptocurrency market is renowned for its unpredictable nature and it was witnessed through the downturn that it is experiencing today. Bitcoin [BTC] recorded a 2.3% daily drop and was trading at $62,300, at press time. Amid these market fluctuations, a relatively lesser-known token TIM is currently making news. Insiders have reportedly transformed a modest investment of $6,404 into a staggering $8.29 million within 24 hours through TIM.
The frenzy began when two newly established wallets decided to quickly sell off 44.78 Solana [SOL] tokens worth $6,404. This transaction was made to purchase a substantial partial of TIM, totaling 526.6 million tokens. This further represents more than half of the total supply. Additionally, the rapid succession of transactions was prompted as tokens were distributed across an array of addresses. These further indicated significant accumulation by insiders.
