Two blockchain snipers made more than $1.3 million in profits during the deployment of Base founder Jesse Pollack’s Creator Coin. The two reportedly exploited Base’s new “flash block” system during Thursday’s launch.
This release included seeding the liquidity pool with 500 million JESSE tokens, representing half of the total supply. Within the same on-chain block, buyers using automated software acquired 261.7 million tokens, according to Arkham Intelligence. The top two snipers took home profits of $707,700 and $619,600.
Sniper will double your ETH holdings
One of the winning wallets spent Approximately 67 ETH, or the equivalent of $191,000, can buy 7.6% of the supply. They also tipped Base Sequencer more than $44,000 in priority fees to close the deal before other companies. After selling his entire allocation, the trader converted 67 ETH into 303 ETH in minutes, resulting in a profit of over $600,000.
Trader 0x9f59 snipes @jessepollak’s token $jesse and makes a profit of 221 $ETH ($626,000) in less than 15 minutes.
He spent 67 $ETH($190,000) to go for $76.15 million $jesse, and also incurred gas costs of 15.54 $ETH($44,000).
He then dumped all 76.15 million $jesse for 303.53 $ETH($860K) within 15 minutes. … pic.twitter.com/QTak90OC0h
— Lookonchain (@lookonchain) November 21, 2025
Sniper trading became more common during the meme coin craze earlier this year. According to analysts, the mechanism behind Snipe comes from Flash Block, a base feature introduced in July. Base has a block time of 2 seconds, but produces a series of 200ms microblocks within each complete block.
This allows bots to detect token deployment transactions the moment they appear in the first flash block and submit high-value buy orders that are settled in the next flash block. Therefore, both appear on the same on-chain block.
The result is “same block” sniping without accessing private memory pool data, but enabled by microblock visibility and price-based ordering. In this case, the JESSE token sniper was able to purchase JESSE in the same block in which the token was released.
JESSE, on the other hand, recorded 40%. decline within the last 24 hours. The token is currently trading at an FDV of 177,000, with an impressive trading volume of 69,000 and a market capitalization of 179,000.
Authorities’ efforts against insider trading
as reported According to Cryptopolitan, when the crypto community, which had been following Pollack’s previous involvement in so-called “content coins,” asked the creator of Bass why they should trust creator-driven tokens, he differentiated between the types of tokens. He said “Content Coins” are intended for short-term use, while “Creator Coins” have permanent value associated with creators’ works.
However, due to this cut, the community refers to this as insider trading. One X user said, “Just out of curiosity (…) Also, they disabled the profile retrieval API on the website in the first moments of release (perhaps as a countermeasure), but wouldn’t this just screw up the average user who just wants to get the CA from the website and help the sniper?”
“Are they doing it at a contract level? I’m starting to think, modestly, that it’s an internal cut at this point and that’s why they don’t want to fix the problem.” he added.
Meanwhile, authorities are paying more attention to so-called insider trading. Japan is Under preparation It significantly resets the cryptocurrency rulebook and moves toward treating digital assets as financial instruments subject to insider trading laws.
This plan introduces market behavior rules to cryptocurrencies that are familiar to stock traders. Anyone with nonpublic information tied to an issuer or exchange will be prohibited from trading before a major event, such as a listing, delisting, or bankruptcy, is made public.
Additionally, U.S. prosecutors announced Charges against eight men who were part of a global network that made tens of millions of dollars over the years by trading on inside information about numerous companies’ finances and merger plans.
Prosecutors said Kuaja, Safi and Ge recruited investment bankers and other company insiders to provide confidential information about various publicly traded companies.
They also recruited other traders in the United States, Europe, the Middle East and Asia to trade the information they received in exchange for a share of the insider trading profits, prosecutors said.
