Two addresses on the Hyperliquid platform are suspected of insider trading after profiting from WTI crude oil futures amid geopolitical tensions. Coinbob Hot Address Monitoring identified these addresses, which opened long positions in WTI crude oil futures contracts totaling $1.83 million and $1.34 million, respectively, at around $70. The trades coincided with Iran's retaliatory strike against Aramco and its ban on vessels through the Strait of Hormuz, causing oil prices to spike to $73. This resulted in significant unrealized profits for the addresses involved.
Suspected Insider Trading on Hyperliquid Amid Iran-Aramco Tensions
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