February 17, 2025

at

12:00 am

EST

(Updated:

)

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TRUMP Sniper buying $5M LIBRA

Arkham
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    The entity that just bought $5M worth of LIBRA tokens is uncovered to have sniped $1M in the official Trump memecoin, TRUMP, in the first block of its launch. The address, 6QSc2, bought 5.97M TRUMP tokens upon its launch, paying 357 SOL ($78K) as a tip to Jito to process the transaction.

    6QSc2 buying $1.096M in TRUMP tokens
    6QSc2 buying $1.096M in TRUMP tokens

    The TRUMP tokens were later sent to another address, 5CP6z, which distributed the tokens across various addresses, likely to mask their origin. One of these addresses, cGxeY, ended up buying up $5M worth of LIBRA tokens right as Argentine President, Javier Milei, tweeted his “How to buy LIBRA” tweet, before selling his LIBRA tokens for a $496K profit just 40 minutes later.

    cGxeY’s quick LIBRA trade around President Milei’s tweet
    cGxeY’s quick LIBRA trade around President Milei’s tweet

    The entire LIBRA launch has been a huge smear on the crypto space as a whole, with several layers of insiders revealed to be involved, including the protocols supporting the token launch and several memecoin trading groups, with the allegations extending to Solana projects, Meteora and Jupiter, as well.

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