Azuki Beanz’s NFT reveal is over. But now the NFT project is facing countless allegations of insider trading. In particular, there is evidence that suggests an owner sniffed rare Azuki Beanz hours before the NFT was unveiled. Looking at the evidence shared on Twitter, many believe that there was insider trading prior to the unveiling of Azuki Beanz’s NFT art.
Scraps of insider trading evidence ahead of Azuki Beanz’s NFT reveal
Thanks to Twitter user @Meta_Morphy, we can see how this insider traded rare Azuki Beanz ahead of the NFT reveal. According to him, hours before the reveal, one buyer in particular sold 4 common Azuki Beanz NFTs and picked up 2 rare ones at reserve prices. One of the rare Beanz NFTs, Bean #13716, is actually ranked 37th in terms of rarity, with a current asking price of 65.5 ETH on OpenSea.
But that’s not all. The same buyer above chose to purchase another rare Azuki Beanz NFT, Bean #11901 from the X2Y2 NFT Marketplace. This time he bought the NFT 30 minutes before the reveal. Well, what are the odds of that?
Recently, the same buyer transferred two of its valuable Beanz NFTs (Bean #13716 and Bean #10146). Each of them to a new wallet address. Could this be part of the Azuki Beanz NFT owner’s plans to cover his tracks of insider trading? It seems likely to many.
What did the Azuki team say about this incident?
So far, the Azuki team has not commented on this incident. But what if we never get clear answers about insider trading related to the Azuki Beanz NFT? Given that there have been similar scandals with the Azuki NFT project before, these latest allegations could justify a reaction from the team.