A prominent crypto trader known as Naseem has reportedly earned a staggering $100 million profit from Trump Coin ($TRUMP) after purchasing $1.09 million worth of the tokens in the first second of trading. The massive trade, which took place two hours before the official launch, has raised questions about potential insider trading.
Blockchain tracking platform Bubblemaps revealed the details of Naseem’s transaction, including the movement of tokens from one wallet to another, with some funds eventually reaching multiple wallets connected to Naseem. While some speculated that Naseem had access to private information before the coin’s launch, he denied any insider knowledge when asked by Bubblemaps. Instead, Naseem claimed that his team closely monitored blockchain data and had identified an official Meteora address interacting with the $TRUMP-USDC pool a day before the launch.
Adding to the mystery, Bubblemaps discovered that Naseem allegedly paid an $84,000 bribe to ensure his transaction was processed first. Despite the suspicions of foul play, Naseem maintains that he had no secret information, and other figures, including YX, Mostxche, and Slippage, are also believed to be involved in the trade.
Known for his ability to profit from memecoins before they take off, Naseem has previously made significant gains in other projects, including $HAWK ($1M), $LIBRA ($500K), $ENRON ($3.9M), and $SHROOM ($8M). However, as more details surface, the question remains: Was Naseem simply in the right place at the right time, or did he have an unfair advantage?
At the time of writing, Naseem’s X account has been set to private, and he has not made any further public statements. The crypto community eagerly awaits more information on this controversial trade.
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