News has been circulating all over the internet that a crypto trader found out about the launch of President Donald Trump’s meme coin $TRUMP before it was officially launched, who then turned $1 million Solana into more than $116 million by investing in $TRUMP, making many curious to know how he was able to get on the token so quickly. The trader’s name was revealed and it became evident that it was not luck, but something else. Dive into our article to know more.
Naseem, The Man Behind The Scoop
As per the analysis of Bubblemaps, an on-chain research firm, the trader who got the $116 million scoop on Trump’s token is Naseem, a notorious crypto investor, and hacker who holds a reputation for token sniping in the Solana community. The data reveals that more than two hours before Trump announced his meme coin, $TRUMP, Naseem tried to buy the $TRUMP token using the correct smart contract address.
This incident highlights the interrogation of outsiders in highly secured projects, who get to know about the token launch before the official publication allowing them to buy up coins seconds after the launch and gain high returns when people begin investing in them.
How Naseem Got To Know About The Trump Token Launch Before Hand?
After such massive earnings of Naseem, many were keen to know how he got to know about the $TRUMP launch several hours before it actually launched. The trader claimed that he didn’t receive any information about the token launch from any insiders of the project, he added that he utilized the on-chain evidence which indicated the president, Donald Trump was launching a token with the assistance of Solana’s largest decentralized exchanges.
His claim got strength when evidence came out telling Meteora, the decentralized exchange on Solana that played a major role in the coordination of the $TRUMP token launch, has utilized its admin account to interact with a pool, which was created to $TRUMP to USDC, a day before the token’s official launch. This act of Meteora, intentionally or unintentionally paved the way for the $TRUMP leak. gave $TRUMP token legitimacy, and it was effectively exploited by Naseem, gaining him a massive $116 million profit.
The Bubblemaps reported that the evidence conveying other traders noticing the Meteora interaction and taking advantage has not been found yet. When Nassem tried to scoop $TRUMP hours before the launch through Truth Social, the transaction failed since it had not yet been turned active by the platform admins.
However, there is yet more to unfold, such as whether there was anyone else other than Naseem who tried to buy the token before the official launch, where the liquidity pools were active before the launch, the traders who suddenly bought the tokens after the launch was the one who tried to purchase the token prior the launch.
What Impact Does It Have On $TRUMP?
The $116 million scoop visibly didn’t have any impact on the $TRUMP, however, such acts make many question the security of crypto platforms and the chances of insider trading.
The $TRUMP is a meme coin launched by the American President Donald Trump on January 17, 2025. The coin operates on the Solana blockchain and has gained more than $27 billion a day after the launch. Out of the one billion tokens created, 800 million tokens are owned by Donald Trump companies, and the remaining were publicly released through the initial coin offering (ICO).
The token launch was sudden, three days before Trump headed as the US President, and also lacked public announcement making many think it was a scam and had no link with Donald Trump. Being in such circumstances, the way Naseem earned $126 million with $TRUMP was a great jaw-dropper and a matter of suspicion to crypto enthusiasts.
Bottom Line
Crypto coins, especially meme coins are highly volatile and earning such a massive amount from $TRUMP, a newly launched token created a hot discussion in the crypto industry, and with the name revealed and how he got to know about the launch, many investors began searching for such loopholes to make huge profits. However, it is advised not to invest in a newly launched coin before a clear public announcement, as it involves high risks.