Chatting with a few girlfriends, recently it’s super popular for MM to share insider info with KOLs during pump-and-dump sessions. If the KOLs are bold enough, they hop on the train, make money, and even help them shill to offload. This trend started with projects like Siren and STO. Lately, a lot of KOLs suddenly getting rich is because of this. From what I know, there’s been quite a bit of this kind of insider trading recently. Market makers are pumping and dumping through Aster and Hype. Since Aster is connected to Binance liquidity and Hype naturally has good liquidity, these two exchanges never impose restrictions. That’s also why you’re seeing KOLs making money directly on-chain lately. But Binance is trying its best. They’re now super strict about restricting market makers—any abnormal pump-and-dump trades, they’ll directly freeze accounts. @cz_binance If you can’t lock down the market makers, maybe try cracking down on the insider trading instead