A person who knows secret information about a new thing called FERRET, which is a special kind of digital money or memecoin, used that secret information to buy a lot of FERRET with very little money. Then they sold some of it and made a lot more money in just a few hours. This person did something wrong called insider trading because they used secret information to make money unfairly. Read from source...

- The title is misleading and sensationalized, implying that the insider trader did something wrong or unethical. However, this is not a case of insider trading in the traditional sense, as FERRET is not a publicly traded company nor a regulated asset. It is a memecoin, which by definition is a novel and humorous digital currency that does not have any intrinsic value or utility.
- The article assumes that buying an obscure memecoin within seconds of its launch is a sign of insider knowledge or privileged information, but this is not necessarily true. It could also be a result of pure luck, random chance, or speculation based on the novelty and hype around the coin. There is no evidence that FERRET has any inherent value or potential beyond being a memecoin, so there is no clear reason why it would skyrocket in price so rapidly.
- The article cites Lookonchain data as a reliable source of information, but this is questionable. Lookonchain is not an official or reputable organization, but rather a Twitter account that claims to analyze on-chain data and expose insider trading activities. However, their methods and criteria are unclear and subjective, and they may have ulterior motives or biases for exposing certain trades. Moreover, on-chain data alone does not prove anything, as it only shows the transactions and movements of tokens, but not the intentions or reasons behind them.
- The article uses vague and ambiguous terms such as "insider" and "deployer", without explaining who these people are or how they are related to FERRET. It also implies that there is something suspicious or illegal about moving FERRET tokens to the same wallet address, but this is a common practice in crypto, especially for memecoins, as it allows for easier and faster transfers and exchanges without paying fees or waiting for confirmations. It does not necessarily indicate any collusion or fraud.
- The article ends with a statement that insider trading is common in the cryptocurrency space, but especially for memecoins, which are unsupervised and opaque to ordinary investors. This is a negative and dismissive attitude towards the entire category of memecoins, which are created and traded by regular people for fun and entertainment, not as serious or legitimate assets. It also ignores the potential benefits and advantages of decentralized and unregulated currencies, such as freedom, innovation, and experimentation.

This article is bearish on the memecoin FERRET. The author suggests that the massive profit made by an insider trader within hours of its launch indicates a lack of trustworthiness and credibility in the coin.