Two blockchain snipers leveraged Base’s flashblocks to capture 26% of JESSE’s supply at launch, earning over $1.3 million in rapid profits through high-fee, same-block trades.
Two traders exploited Base’s 200-millisecond flashblocks during the launch of JESSE, a creator coin by Jesse Pollak, to purchase 26% of its total supply within the same on-chain block. One sniper spent $191,000 and paid over $44,000 in sequencer fees to secure 7.6% of the supply, later netting more than $600,000 in profit. Combined, the two snipers earned $707,700 and $619,600 respectively. JESSE debuted with 500 million tokens seeded into a liquidity pool, quickly reaching a $13.8 million fully diluted valuation, $4.4 million in liquidity, and $33.5 million in trading volume.