The emergence of Thug Cat ($THUG), a new Solana memecoin, has caught the eye of the crypto community, propelling it to the sixth position on the Dex screener today. However, recent data from Lookonchain reveals an intriguing development involving insiders profiting from the token’s surge. Insiders capitalized on the hype surrounding Thug Cat by strategically maneuvering their holdings to maximize gains. According to the data, insiders made a significant profit of 9,954 SOL (equivalent to $1.49 million) by dumping their Thug Cat tokens. Insiders Made 9,954 $SOL ($1.49M) by Dumping $Thug on You! The Insiders spent 1,500 $SOL($225K) to buy
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