Bubblemaps： A trader converted 1.09 million US dollars into 109 million US dollars by trading Meme coin TRUMP

According to The Block, blockchain analysis platform Bubblemaps claimed in a social media post on Tuesday that, according to its analysis, anonymous cryptocurrency trader Naseem made a profit of $109 million through trading Meme coin TRUMP. According to research conducted in collaboration with YouTube blogger Coffeezilla, Naseem successfully targeted the TRUMP token shortly after its launch. On chain data shows that tokens worth $1.09 million were first purchased using addresses starting with 6QSc2, and then these tokens were dispersed across at least 9 wallets. Although the study cannot conclusively prove that Naseem was ultimately the mastermind behind these trading activities, the BubbleMaps team wrote in the report that indirect evidence suggests "too many undeniable connections". BubbleMaps allows Naseem to respond to potential insider trading issues, which Naseem denies. Although he was able to purchase TRUMP tokens worth over $1 million within the first second of the transaction, partly due to paying a priority transaction fee of $84000, Naseem stated that he was not directly informed of the token's issuance time.