New on-chain research is raising eyebrows in the memecoin world. Blockchain analytics firm Bubblemaps has uncovered a fascinating connection: at least one investor who made millions on the TRUMP and LIBRA token launches was also among the very first to buy Kanye West’s YZY memecoin.
This discovery is fueling debate over whether this is a case of incredible timing and skill or something more calculated.
The “Super Sniper” Wallet
According to the report, a specific wallet (abbreviated as AwY1V) made the first significant YZY purchase on launch day, snapping up $250,000 worth of the token the moment it went live.
Bubblemaps found strong on-chain links connecting this wallet to addresses that were also early buyers of other major memecoins like TRUMP, LIBRA, and HAWK. The firm’s analysts believe the owner, reportedly named Naseem, likely used a network of addresses to maximize profits across all these launches.
A Track Record of Massive Profits
This isn’t Naseem’s first rodeo. He first made headlines by turning a $1.1 million investment in the TRUMP memecoin into a staggering $100 million+.
His success with YZY followed a similar pattern. Bubblemaps reports that the AwY1V wallet sold part of its initial YZY investment for $800,000, while still holding another $600,000 in tokens (at the time of their analysis).
However, it’s crucial to note that YZY’s price has cratered since then, plummeting roughly 93% from its peak.
The Million-Dollar Question: Skill or Insider Knowledge?
The consistent ability to be first in line for every major celebrity memecoin launch has analysts asking tough questions.
How does one investor repeatedly position himself at the epicenter of these explosive, high-profile launches? Bubblemaps put it bluntly: “Is it pure skill, or does he know something more?”
This pattern suggests one of two things:
- Uncanny Skill: This individual possesses exceptional research and timing to identify and act on these launches faster than anyone else.
- Privileged Access: They may have prior knowledge or connections that give them an early advantage.
The Bottom Line
The discovery highlights the extremely high-risk, “wild west” nature of the memecoin market. While the potential for life-changing gains exists, so does the potential for significant information asymmetry, where well-connected players may have an unfair advantage over the average retail investor.
For anyone considering investing in celebrity memecoins, this serves as a critical reminder: always do your own research (DYOR) and be aware that you might be competing against players who are already several steps ahead.