A trader sniped TRUMP coins to profit 109 million dollars, chain correlation raised questions about insider trading

According to a joint investigation by blockchain data platform Bubblemaps and well-known YouTuber Coffeezilla, traders under the pseudonym Naseem made $109 million in TRUMP token trading through'sniping '. On-chain data shows that Naseem bought tokens for $1.09 million in the first second of TRUMP's launch, paid a priority transaction fee of $84,000, and then distributed the funds to at least nine wallets.
Bubblemaps pointed out that while insider trading could not be fully confirmed, the high degree of correlation of multiple on-chain addresses was'not negligible '. Naseem denied receiving internal information, saying its team guessed the launch time by observing the interactions of the Meteora fund pool.