X @Lookonchain

Trading Activity - A trader known as 0x9f59 profited 221 ETH, equivalent to $626 thousand, in under 15 minutes by sniping the $jesse token [1] - The trader spent 67 ETH ($190 thousand) to acquire 76.15 million $jesse tokens [1] - Gas fees for the transaction amounted to 15.54 ETH, equivalent to $44 thousand [1] - The trader subsequently dumped all 76.15 million $jesse tokens within 15 minutes, receiving 303.53 ETH ($860 thousand) in return [1] Market Impact - The rapid trading activity highlights the potential for significant profits in the cryptocurrency market through strategic token sniping [1] - High gas fees can significantly impact the profitability of such trades [1] - The event demonstrates the volatile nature of newly launched tokens and the potential for pump-and-dump schemes [1]