On February 19th, COINOTAG reported a groundbreaking revelation from The Block detailing a significant trading exploit associated with the TRUMP token. A thorough investigation by Bubblemaps, in collaboration with prominent YouTuber Coffeezilla, unearthed that a trader, known as Naseem, reaped a staggering $109 million profit through strategic sniping tactics. Evidence from on-chain analytics indicates that Naseem invested $1.09 million within the initial seconds of the TRUMP token’s launch, incurring an $84,000 front-running cost while subsequently distributing assets across at least nine distinct wallets. Although Bubblemaps underscored a strong connection among various on-chain addresses, confirmation of insider trading remains elusive. Naseem contended that their team relied on astute observations of the Meteora liquidity pool, denying any receipt of privileged information related to the token’s launch.
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