Jane Street Allegedly Engaged in Insider Trading of $192 Million in TerraUSD
- Insider Trading Allegations: Court filings reveal that Jane Street allegedly used a Telegram channel run by a former Terraform Labs intern to offload $192 million in TerraUSD (USTC) just days before the stablecoin lost its dollar peg, indicating potential legal ramifications for insider trading.
- Transaction Details Unveiled: On May 7, 2022, Terraform withdrew $150 million in UST from the Curve 3pool, while a wallet linked to Jane Street swapped $85 million back into the pool within ten minutes, suggesting rapid market response and possible manipulation.
- Profits and Losses: Snyder claims that Jane Street pocketed approximately $134 million by shorting Terra-linked tokens during the collapse, highlighting the firm's potential exploitation of asymmetric information, which could lead to a broader market trust crisis.
- Market Reaction: Following the news, Terra Luna Classic (LUNC) rose about 2%, while USTC increased nearly 5%, reflecting market sensitivity to the event and investor concerns regarding future price movements.
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Technical Analysis for SCRT
Technical Sentiment Analysis for Secret (SCRT). As of , Secret (SCRT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SCRT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SCRT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Secret (SCRT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0642 | 0.0709 | 0.0768 | 0.0835 | 0.0894 | 0.0961 | 0.102 |
| Fibonacci | 0.0709 | 0.0757 | 0.0787 | 0.0835 | 0.0883 | 0.0913 | 0.0961 |
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