Blockchain analytics platform Bubblemaps claims that pseudonymous crypto trader Naseem is the account that profited over $100 million trading the official TRUMP memecoin, according to a post on social media on Tuesday.
According to research done with popular YouTuber Stephen Findeisen, better known as Coffeezilla, Naseem was able to “snipe” the TRUMP token shortly after it launched. An initial purchase of $1.09 million worth of the token — using an address beginning 6QSc2 — was then split across at least nine wallets, onchain data shows.
While the research cannot definitely prove Naseem is ultimately behind the trading activity, circumstantial evidence suggests there are “too many connections to ignore,” the Bubblemaps team writes.
In particular, an address beginning 93Wb has had multiple interactions with some of the wallets where the funds were funneled. This 93Wb address also at one point held the naseem.sol vanity asset. That said, some amount of evidence points to other potential traders, the researchers noted, though “with lower certainty and little on-chain evidence.”
Bubblemaps gave Naseem the ability to respond to questions regarding potential insider trading, which the trader denied. Although he was able to buy over $1 million worth of TRUMP within the first second of trading, in part by paying a $84,000 priority transaction fee, Naseem said he was not told directly about the launch.
“He shared screenshots showing that he and his crew spotted an official Meteora address interacting with a TRUMP-USDC pool one day before launch,” Bubblemaps wrote. “In short, he claims Meteora unintentionally leaked TRUMP.”
“Naseem is not a random trader, but an expert sniper with a proven track record,” Bubblemaps noted. Some of the trades mentioned included making $1 million trading Haliey Welch’s ill-fated HAWK token and the controversial LIBRA token promoted by Argentinian President Javier Milei.
The Block reached out to Naseem for a statement.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
