APE's stock price doubled in a short period, with suspected insider trading involving $2.27 million in arbitrage between long and short positions.

CoinFeed reported on April 25th that, according to Onchain Lens monitoring, as APE's price surged by over 110% in a short period, a suspected insider trader profited over $2.27 million by simultaneously establishing long and short positions. On-chain data shows that the address initially deposited 75 ETH (approximately $174,000) as margin to open long and short positions in APE. Subsequently, it purchased 1,027 ETH (approximately $2.37 million) on the HyperLiquid platform and withdrew the funds. Furthermore, it purchased an additional 26 ETH on-chain, totaling 1,053 ETH, ultimately realizing a profit of 978 ETH, equivalent to approximately $2.27 million. This operation, due to its precise timing and unusually high returns, has sparked widespread suspicion of insider trading within the community.