Analyst Uncovers Alleged Binance US Insider Trading: Wallets Profited $50M

Crypto analyst Alex Mason has exposed an alleged insider trading scheme connected to Binance US listings, documenting systematic profits of $50 million.

Through blockchain analysis, Mason identified eight wallets displaying suspicious trading patterns before token listings on Binance, particularly with PNUT and ACT tokens.

His investigation suggests these wallets maintain close ties to Binance’s listing team, evidenced by their consistent ability to accumulate tokens before official announcements.

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Binance Wallets Show Coordinated Trading Activities

The first wallet (7CMCxumuUe8xkYyBHsvfvas45cdM2UQupfNVi9NvgkvV) demonstrated precise timing, purchasing PNUT mere hours before its Binance listing while maintaining positions in ChillGuy, LUCE, and FATHA.

A second wallet (FjmRj8y9xfDaj5Aygq88t5jAFbpxrbZ16JNPPG1sx9FQ) turned $2,000 into over $2 million through PNUT trading and currently shows interest in KITH.

The investigation’s most notable discovery involves wallet 8fSnLTnRViK83dDesivTsPx2wiRhwti9xoafeMGjEyLJ, which transformed a $6,000 PNUT investment into $6 million.

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Another significant player, identified through wallet ARBx92tyV8htTbEWCRH22tgje5vUeCkZm9p4y6TjJCjN, secured $2 million in PNUT profits before diversifying into ChillGuy, GOAT, and MOODENG post-PumpFun launches.

PNUT and ACT Surged over 4,000%

PNUT demonstrated extraordinary growth, surging from $0.03128 on November 5 to reach $2.47 on November 14, marking a 4,102.49% increase. The token maintains significant value, trading between $1.08 and $1.41 despite market adjustments.

Similarly, ACT achieved a remarkable 4,053% return, climbing from $0.01189 in late October to peak at $0.942 before settling into its current $0.4124-$0.5042 range.

Additional wallet activities show equally impressive returns. One address (ABf69Ab5gczGC2Ci1odhPk7uzAGki7BX197Z6fXskz1L) turned $200 into $1.3 million through ACT trading, while another (6hP3oi8vkuzfA93z1XaXHt2ne81ebnFge3uXNCjcC9mJ) secured a $250,000 profit from a $6,000 investment. The seventh wallet achieved an 800x return, converting $1,000 to $800,000, and the eighth generated over $250,000 from $16,000.

Market-identified Manipulation Patterns

Mason identifies a consistent listing pattern: initial price suppression followed by coordinated buying pressure post-announcement. This strategy typically involves sharp downward price movements that eliminate retail holders. It is followed by massive buy orders creating significant upward price action.

The analyst notes that an X account accurately predicted the PNUT listing before being blocked, further suggesting insider knowledge.

The investigation reveals the ongoing accumulation of several tokens by these wallets, potentially indicating future Binance listings. Target tokens include ChillGuy, which multiple wallets are actively purchasing, alongside LUCE, FATHA, KITH, BONGO, PROJECT89, QUANT, and SIGMA. The sophisticated trading patterns suggest continued insider activity.

The findings raise significant concerns about market manipulation and regulatory oversight in cryptocurrency markets. Mason’s investigation demonstrates how blockchain transparency enables detailed tracking of suspicious trading patterns. It also provides immutable evidence of potential market manipulation.

The coordinated nature of these trades, combined with the consistent profit patterns, suggests systematic exploitation of listing information.

Mason continues to monitor these wallets’ activities, emphasizing that while individual trades might appear coincidental, the pattern across multiple wallets and listings indicates organized insider trading activity.

The investigation highlights the need for increased scrutiny of exchange listing practices and better protection for retail investors against informed traders with privileged information.