Bubblemaps: Trader Naseem "snipes" TRUMP coin with profits exceeding 100 million dollars

ChainCatcher news, according to The Block, a joint investigation by the blockchain data platform Bubblemaps and well-known YouTuber Coffeezilla shows that a trader using the alias Naseem profited over $100 million through "sniping" in TRUMP token trades. On-chain data indicates that Naseem purchased tokens worth $1.09 million within the first second of TRUMP's launch and paid $84,000 in priority transaction fees, subsequently dispersing the funds to at least 9 wallets.

Bubblemaps pointed out that while insider trading cannot be fully confirmed, the high correlation of multiple on-chain addresses is "impossible to ignore."

Naseem denied receiving insider information, stating that his ability to purchase over $1 million worth of TRUMP tokens in the first second was partly due to paying $84,000 in priority transaction fees.