More Than Luck: How the $100 Million Trump Meme Coin Whale Got the Inside Scoop

by shayaan

The identity of the suspicious well -timed trader That for $ 1 million to Solana (SOL) changed to more than $ 116 million on the launch of President Donald Trump was exposed last month – and new details have surfaced on how they could come in incredibly quickly on the token. Hint: It wasn’t lucky.

According to analysis by the research agency on chains BubblemapsThe trader in question has been identified as a naseem -a notorious, pseudonymous crypto investor and hacker with a reputation in the Solana community for Token Sniping.

In the identity of Naseem, however, however, in chain Speurneuzen discovered even more curious details: more than two hours before Trump publicly announced his meme-mint, Naseem tried to buy a gigantic stock of the president’s token on it Correct contract address.

How can that be possible? During every launch of meme coins, let alone that of an American president, such signs can indicate that a project was vulnerable to trade with prior knowledge means that certain traders had a heads-up about the legitimacy and launch of a token , so that they would be able to buy coins in the first seconds of the project of the project and see their value balloon while the public started investing.

If Naseem got a heads-up about Trump’s launch of multi-billion dollars, a few hours before it went live, where did that information come from?

The trader claimed, when he was put under pressure by Bubblemaps, that he had no advance of one of the Trump-but team discovered instead manually on chains evidence that the president was launching a token with the help of one of Solana’s Largest decentralized exchanges.

See also  Bitcoin Hits New Record Above $75K as Trump Dominates Early Voting

That Alibi can actually check out. A Bubblemaps researcher told Decrypt Die Meteora, a Solana -Decentralized exchange that helped to coordinate the Trump -Token launch, used his Admin account to communicate with a Pole designed to exchange Trump for a full day for USDC before Trump publicly announced the Token Token.

By doing this, the meteora team -whether it was intended or not -gave a stamp of legitimacy to an official Trump that could otherwise have been made by any crypto user user.

However, that crucial piece of information was – at that time – an incredibly valuable needle hidden in a haystack of more than 100 million apparently ordinary transactions that filtered through the Solana network. Bubblemaps told Decrypt It has not yet found any evidence from other traders who noticed and took advantage of that detail to discover the Trump -Token before the public launch.

When Naseem tried to scoop Trump -Tokens for hours before the president first announced his existence via Truth Social, the transaction false– Because the Trump/USDC Pool was not yet actively switched by its managers.

See also  Metaplanet Scoops Another $43 Million in Bitcoin Amid Crypto Market Slump

Would other insiders come to buy Trump in large numbers before the public discovered the Token if the liquidity pool had already been active? Were those traders who ran within a fraction of a second of the president’s announcement to create to create the tokens before most people even knew for sure that the whole thing was not a scam? Some mysteries are still there.

Published by Andrew Hayward

Daily debrief Newsletter

Start every day with the top news stories at the moment, plus original functions, a podcast, videos and more.



Source link

You may also like

Latest News

Copyright © Sovereign Wealth Signals