Co-founder of the team behind CryptoPunks v2 sells all 40 of his v1 Cryptopunks shortly before the team announces they view them as worthless

A pixel art character with pale skin and black hair on a purple backgroundV1 Punk #7276 (attribution)
The enormously popular Cryptopunks project, created by the LarvaLabs group, is actually on its second version. A bug in the original smart contract allowed users to retrieve their money after buying the original NFT, allowing people to "steal" the v1 NFTs, and so the project largely faded into obscurity in favor of the patched version 2. However, recently the NFT marketplace LooksRare allowed a project where people "wrap" their original punks and can trade them properly without encountering the bug. This apparently didn't go over so well with LarvaLabs: on January 31, the project tweeted, "PSA: 'V1 Punks' are not official Cryptopunks. We don't like them, and we've got 1,000 of them... so draw your own conclusions." However, @NFTethics noticed that one of the LarvaLabs founders sold all 40 V1 punks that he owned between January 23 and 25. Trading them shortly before the project released the tweet declaring they viewed them as worthless sure looks a lot like insider trading. The trades earned the founder a handsome total of 260 ETH (about $625,000). Fortunately for buyers of the wrapped V1 punks, LarvaLabs' announcement doesn't appear to have impacted trading price very much.