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    Home » News » The NFT Community Suspects There’s A Secret Group Of Insider Traders

    The NFT Community Suspects There’s A Secret Group Of Insider Traders

    By AdeleApril 1, 2022Updated:March 1, 20233 Mins Read

    These days, the NFT community is debating whether there might be a secret group of insider traders in the space. Collectors are bringing their own theories to the table, along with allegedly “flagrant” evidence.

    In essence, more and more people believe that some privileged NFT whales (and other individuals) know important information before everybody else does. But is that so?

    The NFT community is heavily debating the existence of a secret NFT insider trader group. Credits: FreePik

    The NFT community, concerned about insider trading groups

    Just a week before Azuki holders were airdropped free tokens, its NFT floor price went up. While many collectors didn’t make a big deal out of it, for others, this was great evidence.

    According to some, a group of anonymous insider traders gets valuable information about upcoming drops, collabs, and more, beforehand. Based on this theory, some NFT collectors believe these individuals are always one step ahead, which increases their income tremendously.

    These are the main projects the Twitter NFT community is discussing:

    Twitter screenshot of a Keef message on the NFT insider trader theory
    NFT collector Keef believes that insider traders have known about the top NFT drops in the last few months. Credits: Twitter

    The tweet shown above by NFT collector Keef quickly became a hub of conspiracy theories.

    For example, users debated the predictability of the Azuki airdrop. The floor price of the collection started climbing just a week before the project airdropped tokens to its NFT holders. However, many people claim the event was easy to predict based on previous hints the Azuki team gave via Discord.

    Did some collectors know about RTFKT’s success beforehand?

    However, one particular user tweeted several 2021 screenshots regarding the Clone X insider trader theory. Back in 2021, Twitter user @sarah1of1 (whose account no longer exists) revealed she invested all of her net worth into the RTFKT Clone X NFT collection. This happened shortly before the project skyrocketed into popularity thanks to its partnership with Nike.

    Here’s the tweet:

    Twitter screenshot from the NFT community of a potential insider trader message
    The NFT community is sharing more and more potential evidence to prove their insider traders’ theory. Credits: Twitter

    Allegedly, Sarah1of1 might’ve been part of the mysterious insider trader NFT group. However, NFT collector @HawkwardArt said that she was in fact “caught transacting with someone who is cousins with someone on the team.”

    So far, we couldn’t verify the information. Nevertheless, it goes to show just how interested the NFT community is in the idea of a secret group of NFT traders.

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    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

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    Adele

    Adele Ioana is a writer with a deep interest in digital visual arts. Between covering two news stories, she enjoys drawing portraits and studying photo manipulation.

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