Crypto trader Naseem, an early entrant taking advantage of a boom-and-bust sequence of events set off by President Trump when he launched the Trump meme coin, secured a giant load of 5,971,750 and walked away with a profit of over $116 million within two days.
According to a report by onchain analysis firm Bubblemaps, crypto trader Naseem, whose digital wallet has a unique identification code beginning 6QSc2Cx, bought his tokens at a paltry $0.18 each, and soon, the price of the Trump meme coin would surge to $75 per token.
Fast Profits Made By Early Adopters
While most people believe it was mere luck, emerging reports indicate that a curious trade from crypto trader Naseem came just after 9:00 PM on July 17, 2025, just a few moments before the soon-to-be-inaugurated President of the US announced through his social media accounts his family was launching the Trump meme coin. It now appears like the fast profits made by early adopters, some of whom were based as far as China, could have come at the expense of slower investors who came in after the official announcement and suffered a cumulative $2 billion in losses when the token crashed.
According to a report by crypto forensics firm Chainalysis, at least 810,000 wallets, mostly belonging to small investors, may have lost money on the Trump meme coin bet, though the number could be greater. The price of the $TRUMP token, which peaked at $75, is currently trading at around $16 at the time of writing, which is less than a quarter of the all-time high.
Crypto Trader Naseem Has Denies Insider Trading
While Bubblemaps’ research doesn’t prove that crypto trader Naseem was involved in any form of malpractice, analysts are pointing toward a web of linked transactions. According to the analysis, a particular address, 93Wb, seems to have been connected to multiple wallets associated with the trader. Nonetheless, evidence seems to point towards the possibility of other traders playing a role to a certain degree.
After his identity was finally unearthed, crypto trader Naseem denied any insider trading, stating that no one had tipped him off about the impending Trump meme coin launch. According to the trader, he and his team detected an active Meteora address interacting with a TRUMP-USDC liquidity pool just before the launch, which made them decide to take their chances. Crypto trader Naseem claims to have paid an $84,000 priority transaction fee to give him a front-seat position in the market.
Trump trying to set up a Regulatory Framework
US President Donald Trump set off the scramble for his Trump meme coin just three days before his inauguration, creating a boom-and-bust sequence that saw millions scramble for a share of the new digital asset. The rumors surrounding the possibility of insider trading don’t augur too well for a President who is doing everything possible to set up a clear regulatory framework for the crypto industry. Speaking to the New York Times, Corey Frayer, who recently left a post as a crypto adviser to the Securities and Exchange Commission, opined:
“The president is participating in shady crypto schemes that harm investors while at the same time appointing financial regulators who will roll back protections for victims and who may insulate him and his family from enforcement.”
Conclusion
While it may be difficult to pin down crypto trader Naseem on allegations of insider trading, the fact that wallets associated with him received funding just before the launch of the Trump meme coin leaves much to be desired. In the world of crypto, it’s almost impossible to pin down the individual behind a trade, and it is also possible for people to make wild and unverifiable claims.
Frequently Asked Questions (FAQs)
What is the Trump meme coin?
$TRUMP is a newly launched cryptocurrency associated with Donald Trump.
What Utility Does $TRUMP Have?
The token is designed for decentralized finance (DeFi) or smart contracts, but $TRUMP is fundamentally a meme coin.
Who Launched $Trump?
Trump may have announced the token, but the project involves experienced crypto professionals, who could be his family members or close advisors.
What’s the future of $TRUMP?
The future of $TRUMP hinges on several key factors, but social media hype is critical, as meme coins are notorious for their boom-and-bust cycles.
Appendix: Glossary of Key Terms:
Meme coin: A type of cryptocurrency that is inspired by internet memes, characters, or trends
$TRUMP: $TRUMP is a newly launched cryptocurrency associated with Donald Trump.
Insider trading: Buying or selling a company’s securities by individuals who possess material, nonpublic information about that company.
Meteora address: A unique identifier on the Solana blockchain that is used to access and interact with a DeFi platform.
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