Snipers Strike JESSE Token: Buy Nets of Over $1.3 Million in Lightning Wins

Bubblemaps spotted a wallet buying JESSE in one second, while Arkham confirmed two snipers made huge profits in the same block.

On-chain intelligence layer Bubblemaps reported that a wallet associated with early trading activity around Base founder Jesse Pollak’s newly launched maker coin executed a purchase in the “first second” of the token’s release.

The wallet identified as 0xB102 spent approximately $250,000 to purchase JESSE tokens at the exact moment the contract went live, before Pollak had publicly shared the contract address.

JESSE Token Snipes

According to Bubblemaps’ latest findings, the tokens were then moved to another address, 0x9572, which sold most of the assets for almost $800,000. This resulted with an estimated profit of approximately $600,000. Bubblemaps attributed the precision of the transaction to the wallet’s ability to detect the token launch at the time of creation and act immediately, while describing it as a highly efficient snipe that was executed immediately after the coin became available.

Arkham Intelligence separately identified similar early purchasing behavior during the same launch. The company reported that two sniper wallets collectively secured more than $1.3 million in profits during the rollout of Pollak’s token on Base. As part of the launch, 500 million JESSE tokens, which is half of the total supply, were added to a liquidity pool.

Within that same on-chain block, traders using automated tools purchased 261.7 million tokens. Arkham found that the two most profitable wallets earned approximately $707,700 and $619,600 respectively. One of these traders acquired about 7.6% of the token’s supply by spending about $191,000 and paying over $44,000 in priority fees to the Base sequencer to ensure quick withdrawal.

Arkham coupled the ability to perform these same-block purchases with the introduction of flashblocks on Base, a feature that splits each block into a series of 200-millisecond microblocks. While the Coinbase-incubated Ethereum Layer 2 network has two-second block times, flashblocks allow bots to detect a token deployment transaction as soon as it appears in an early microblock and immediately submit a high-fee purchase order to be fulfilled in the next.

This order ensures that both deployment and purchase are processed within the same full block, allowing highly competitive sniping without access to private mempool information.

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Base layer 2

A July analysis by Galaxy Digital found that Base was the most profitable Layer 2 network at the time, having generated an average of $185,291 in daily revenue over the past six months.

The report credited Base’s EIP-1559-style priority fee model and strong DEX activity for its lead over other rollups. It also noted that the introduction of Flashblocks helped distribute priority fees more evenly across block slots, while maintaining overall revenue strength.