Three wallets suspected of insider trading during the Infinex fundraising

Crypto analyst The Poly Nerd has identified suspicious insider trading activity during the public launch of Infinex, reporting on X unusual behaviors of three wallets that could indicate privileged access to fundraising information. According to the expert’s observations, the movements of these accounts do not follow normal retail investment patterns.

A public launch hindered by strict verification

Infinex’s initial fundraising proceeded slowly, mainly due to strict KYC restrictions and a maximum limit of $2,500 per participant. These constraints posed significant obstacles to rapid capital accumulation, leading most Polymarket participants to predict total sales would stop between $2 million and $3 million. The stringent conditions were meant to ensure regulatory compliance but greatly slowed the campaign’s progress.

When investments change direction: a sign of possible insider trading

The situation drastically reversed when the probabilities for higher targets surged sharply. The $5 million threshold jumped from around 20% to about 70% in a very short time, while large orders began to focus simultaneously on targets of $3 million, $5 million, and even $10 million. This sudden change in market behavior suggests some investors had privileged information about the fundraising potential, anticipating results that other participants did not foresee.

Three suspicious accounts with coordinated behaviors

The three identified wallets exhibit characteristics fueling insider trading suspicions. All three accounts were opened just 24 hours before the suspicious events, which in itself raises questions about the nature of these operations. Additionally, their investment exposure was distributed almost identically across the $5 million targets, and all simultaneously reduced their exposure at higher levels to maximize profits, executing strategies too coordinated to be random.

The incident has reignited debates on how to protect public fundraising events from manipulation due to insider information. The anomalies observed during Infinex’s fundraising demonstrate the importance of constant monitoring to identify potential insider trading early in the capital access phase within the crypto sector.