Maximous-Cryptobro

One man and his team racked up more than $100 million in memecoin profits via a trading method called “sniping.”

Sniping Legend Nets More Than $100M in Memecoin Profits
There are snipers, then there’s Naseem, the legendary trader who pocketed $100 million from the Trump memecoin launch in January. But is he really a skilled trader or just an insider who profits from privileged information?
Sniping in crypto is akin to frontrunning in traditional markets where say a broker becomes aware of a large incoming transaction by his client then executes his own order before the large client transaction in a way that benefits the broker.
In crypto, this usually takes the form of sniper bots that scan liquidity pools for new tokens, purchase the latest tokens at the lowest prices, and eventually sell those tokens at pre-determined price bands, ideally at the peak of the price curve.

(Graphical illustration of how sniper bots work / smithii.io)
One trader, Naseem, seems to have mastered this process. He made millions from sniping some of the most popular memecoins, but his biggest payday was the $109 million he made from the Trump token launch. Naseem doesn’t work alone and appears to be at the helm of a high-performance trading team. But is he really a master sniper or just a well-connected scammer who profits from insider information?
Blockchain visualization platform Bubblemaps gathered Naseem’s onchain activity, and even asked him about insider trading, which he denied. For now, it seems there is no way to be certain if we are dealing with a sniping connoisseur or a con artist.
“Naseem is not a random trader, but an expert sniper with a proven track record,” Bubblemaps posted on X. “When contacted, Naseem denied any insider knowledge.”
According to Bubblemaps, he has made millions on multiple tokens besides TRUMP, including HAWK, ENRON, SHROOM, and even $500,000 on LIBRA which is currently dominating headlines and has landed Argentinian President Javier Milei in hot water.

(Bubblemaps post showing Naseem’s most profitable trades / @bubblemaps on X)
Naseem’s X posts are no longer public, but many users who replied to Bubblemaps had positive things to say about him.
“If it was anyone else but Naseem I’d question it,” one X user who goes by the name Ruto said. “But OGs who’ve been around long enough in SOL know he’s always been a goated sniper.”

#binance #wendy #solana $SOL

World Liberty Financial continues to explore crypto assets, this time buying SEI on Ethereum. The fund rebuilt its portfolio to a higher value after moving or selling some of its assets. 

World Liberty Financial spent $125K in USDC to acquire SEI tokens on Ethereum. The new purchase is part of the fund’s rebuilding of its portfolio. World Liberty Fi has not stated it would hold the assets forever and has shown signs of trading them. However, the purchases also bring more attention to older projects with a history of development. 

After the purchase, SEI rallied by 10%, rising to $0.24. The token still trades near its three-month low, as World Liberty Fi bought the dip again. Currently, the fund sits on $23.88M in USDC. World Liberty Fi has rebuilt its portfolio to $57M in total notional value, up from a recent low of $37M. At its peak, World Liberty Fi held $405M in various assets, most notably Ethereum (ETH). The portfolio is also boosted by ongoing small-scale purchases from WLFI buyers. 

World Liberty Fi has brought back the focus on utility and RWA projects like Ondo (ONDO). The fund has maintained its balance of TRON (TRX) and MOVE tokens. 

SEI returns among the top 100 tokens

SEI is a token existing in two versions, including the native L1 token. The project was largely forgotten, as it raised most of its funding during the 2022-2023 bear market. SEI and the L1 narrative remained invisible during the recent meme token season. World Liberty Fi boosted the project’s visibility, though with a small purchase. 

SEI remains one of the well-funded projects, with a $10M public sale and $85M in VC rounds. SEI has been backed by Binance Launchpool and has received funding from Circle, Foresight Ventures, OKX Ventures, Jump Crypto, and others. 

SEI started out as part of the Cosmos ecosystem but moved on to become EVM-compatible. Most of the SEI transaction volumes still depend on the Ethereum ecosystem, which has over 70K daily users. SEI remains a project in development, with only $195.36M in value locked. SEI is a multi-chain project that allows the integration of different networks, though most of its DeFi operations depend on Ethereum’s leading position.

SEI was considered a ‘dead chain’, though it still carried over 50 distributed apps with above $555M in volumes. The interest from World Liberty Fi coincided with a recent community call, aiming to bring attention back to SEI. 

The chain is also trying to catch up with DeFi. The most recent addition that promises to bring liquidity is the launch of Avalon Labs lending. SEI carries small-scale versions of all types of DeFi apps, with a focus on lending and DEX swaps. Avalon Labs added SEI as its 21st chain and built up $15M in initial liquidity.

World Liberty Fi tries to speed up WLFI sales

World Liberty Fi is yet to complete the second stage of its WLFI sale. Another 468.58M tokens remain, currently at $0.05. 

WLFI is being bought up on a small scale, more similar to political donations. In the past few days, large-scale purchases have also originated from two wallets with the same creator. 

One of the wallets bought 200M WLFI, or 0.2% of the supply, and is now ranked #30 among other large-scale holders. The wallet was specifically created to acquire and hold WLFI. Another related wallet also bought 200M WLFI, a stake valued at $10M. 

The token is now spread among 81,866 wallets, growing in popularity despite the warning that it will not be movable for at least a year and that there are no plans for listing and trading. 

TRON DAO remains the biggest known holder beyond the fund’s own multisig wallets, holding 3% of the WLFI supply. The DAO and TRON’s founder, Justin Sun, consider themselves a key partner to World Liberty Fi while also gaining exposure through the project’s wallet.

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