Despite a sluggish market, a handful of crypto traders just pulled off one of the most jaw-dropping flips of 2025: turning a combined $4,500 investment into a staggering $666,000—all thanks to a mysterious new token called “Base is for everyone.”
The token, now under scrutiny, surged in popularity after being subtly endorsed by Coinbase L2 builder Jesse, sparking a wave of interest—and accusations.
According to blockchain tracker Lookonchain, three wallets managed to load up on the token before it was publicly hyped, raising serious insider trading concerns:
- Wallet 0x0992 spent $2,370 worth of ETH to buy 256.39 million tokens, later cashing out for $168K.
- Wallet 0x5D9D invested $1,577 ETH into 82.86 million tokens, flipping it for a modest $266K.
- Wallet 0xBD31 made the boldest bet, buying 131.92 million tokens for $1,577 ETH and walking away with $231.8K.
In total, the trio turned their small investments into over half a million dollars in profit—all within hours of the token’s launch.
But the timing has crypto Twitter buzzing. The purchases happened before the token gained traction online, leading many to believe these traders had advance knowledge—perhaps even a tip-off.
“This doesn’t look like luck,” one user commented on X. “It smells like a setup.”
While the hype around “Base is for everyone” continues to build, the incident underscores the growing concerns around fairness and transparency in crypto’s Wild West token launches.
As traders pile in chasing life-changing returns, analysts warn that such profits are rare—and often too good to be true.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/crypto-traders-flips-4-5k-into-666k-overnight-but-was-it-insider-trading/