There are so many layers to insider trading and all the oblivious noobs on here hype up these frauds nonstop.
One of the most famous 21st century poets, known as Tavares Taylor, once uttered the words:
"At the top it's just us, nigga. But I don't really trust niggas."
I'll spin back on that in just a second.
But back in the day, I'm talking the Bitmex perps era that proceeded with Binance and then later FTX,
Traders were "respected" based on their INDIVIDUAL SKILL [no group efforts] as leaderboard traders.
You'd often see, "Ranked XYZ on Binance Leaderboards All TIme" in their bio as a form of "status."
Everyone automatically thought, "Damn this nigga must be on smoke."
SURE, there were some legitimate cases.
But majority of them were delta neutral,
Hedged across two accounts thus making NO MONEY - but "on paper" it appeared as if they nailed every move with size.
Then these niggaz opened paid groups or monetized it in one way or another [mostly dealflow - using followers as exit liquidity for the allocation they got].
Alameda Research used their LEADERBOARD STATUS into creating FTX [being seen as a wealthy and successful entity].
Why am I saying this?
Because since then, we've evolved and took the same exact LARPing but onchain.
Apps showing onchain certain traders creating alteregos and trading memecoins.
You think, "Damn this nigga is clean with it."
But you naïve nooblets don't understand how easy it is to obfuscate coins with some basic level organization and push as a group.
Therefore elevating certain players up the rankings, generating them more copytraders [which in turn results in them being able to INSTANTANEOUSLY monetizing their "success."]
Even if we ignore the "group" efforts,
You can very literally [somewhat similar to a delta neutral perps account] transfer funds from one account to another via a coin/chart.
You can artificially inflate your PnL by buying on a second wallet, pumping a coin, locking in profits on the main and appearing as if you've hit a lick [but it's mostly your own money, give or take a small loss].
The end result is you being deemed as a LE EPIC PRO ONCHAIN TRADERKID1337,
But you know it's all fugazi and you just want DUMB FOLLOWERS to FLEECE.
ALL of this falls under the umbrella of INSIDER TRADING.
Insider trading is GAMING the system with unfair advantages, not just Nancy Pelosi summoning Baal to give her information about upcoming events.
Back to, "At the top it's just us, nigga. But I don't really trust niggas."
You shouldn't trust no nigga on here FLAUNTING wealth.
It is ALL to FINANCIALLY TRAFFIC you retards down the line.
EVERYONE in the world is insider trading and I seem to be the only nigga with common sense.
~ Dr. Axius.
[🌲] JANE STREET ACCUSED OF INSIDER TRADING THAT HELPED COLLAPSE TERRAFORM: WSJ