A Chinese Binance Developer Allegedly Purchased This Altcoin Silently – He Made a Huge Profit

According to information that is still at the level of allegations, a Binance Wallet developer named Freddie Ng made a realized profit of $113,000 and an unrealized profit of approximately $200,000 in the UUU token on the Binance Smart Chain network through transactions made on decentralized cryptocurrency exchanges.

Interestingly, Ng, who uses the eponymous address freddieng.bnb, sent $6,227 worth of assets to another address and purchased 24.1 million UUU tokens, which is roughly 2.4% of the UUU token supply, according to the data.

Binance çalışanı bağlantılı olduğu iddia edilen kripto para cüzdanının UUU tokenini satın aldığı seviyeyi (B) gösteren grafik.

Then, approximately 6 million UUU of these tokens were sold, generating $113,000 in revenue. Currently, 18 million UUU tokens worth around $200,000 continue to be held at different addresses.

The graphic allegedly shows where the employee made the sale.

However, there are rumors that the UUU token could soon be added to the Binance Alpha pre-listing pool. The token has grown rapidly, exceeding a market cap of $50 million at its peak, and its market cap is around $12 million at the time of writing.

Binance has not made any statement regarding the development.

*This is not investment advice.

Source