Arkham's on-chain data shows that the address that bought $5 million worth of LIBRA earlier is associated with the entity that sniped $1 million TRUMP in the initial TRUMP block.
The data shows that the entity immediately sniped over $1 million worth of TRUMP through address 6QS after TRUMP went live, and transferred all of these TRUMPs to address 5CP. Subsequently, 5CP distributed TRUMP to multiple addresses, which sold TRUMP at high levels and profited handsomely.
Notably, one of the addresses receiving TRUMP from 5CP quickly bought $5 million worth of LIBRA after Argentine President Javier Milei retweeted the "How to buy LIBRA" tweet.
This series of operations suggests that the entity may have reaped huge profits in the skyrocketing growth of TRUMP and LIBRA through precise insight and quick execution.
Arkham: Same address makes millions in TRUMP debut with LIBRA skyrocketing
2025-02-17 19:29:59
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