Snipers Target JESSE Token: Swift Gain of Over $1.3M
A wallet capitalized on the fast debut of JESSE Token to secure significant profits in the blink of an eye.
On-chain intelligence service Bubblemaps detected a wallet making a purchase of JESSE Tokens within a mere second of its launch. Meanwhile, Arkham Intelligence verified that two other wallets collectively realized substantial profits, totaling over $1.3 million.
Rapid Acquisitions of JESSE Tokens
Reports show that the wallet (identified as 0xB102) invested about $250,000 for JESSE tokens immediately as they became available; this occurred even before Pollak publicly shared the token’s contract address.
Following the initial buy, the tokens were transferred to another wallet (0x9572), which then sold the majority of its tokens for close to $800,000. This maneuver resulted in a profit approximation of $600,000.
Bubblemaps highlighted the trader’s ability to quickly act during the token’s launch as a key factor in this efficient sniping operation that exploited the available liquidity.
On a similar note, Arkham Intelligence revealed that automated trading tools facilitated the purchase of 261.7 million JESSE tokens, with two of the most successful traders each earning around $707,700 and $619,600, respectively.
One trader alone acquired about 7.6% of the total token supply, spending nearly $191,000 and an additional $44,000 in fees to secure quick execution of orders through the Base sequencer.
The recent introduction of flashblocks on Base has allowed traders to detect new token deployments almost instantly and act rapidly, securing a competitive edge without any private mempool data.
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Base Network Highlights
A report from Galaxy Digital in July identified Base as the leading Layer 2 network, with an average daily revenue of $185,291 over the past six months. This guidance was credited to its efficient fee model and successful DEX activity.
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