Controversial Crypto Trader Royal Kane Resurfaces Amid Insider-Trading Allegations
Royal Kane, a crypto trader known for his public XRP trade from $0.30 to $3 and other market calls, has resurfaced on social media platform X after his previous account was deleted amid insider-trading allegations.
The trader's reappearance was flagged by prominent commentator Amonyx, who described Royal Kane as the 'Biggest Insider' in a post that quickly accumulated thousands of views and prompted a wave of new follows.
Royal Kane's reputation rests on his highly publicized XRP trade, which saw him buy at $0.30 and sell at $3 for a tenfold return. He also claimed to have shorted Bitcoin at $125,700 before the asset peaked above $126,000 in early October and subsequently flashed crashed.
The insider allegations surrounding Royal Kane's account deletion have split the community, with some viewing his market calls as evidence of privileged access and others focusing on his demonstrated ability to time major moves. As the crypto sector remains highly vigilant due to abrupt token listing announcements and regulatory decisions, observers are watching Royal Kane's reappearance closely.