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Behind some of the biggest token launches of the past year — from Trump’s $TRUMP coin to the recent Kanye West’s $YZY, to the collapse of $LIBRA and this week’s launch of $WLFI — the same insider names keep popping up.

In this episode, Bubblemaps CEO Nicolas Vaiman explains how figures like Hayden Davis of Kelsier Ventures, celebrity promoter Sahil Arora, Naseem, and even Justin Sun have profited from chaotic launches.

We dig into the mechanics of insider “snipes,” one-sided LPs that hide selling, and why celebrity and political tokens so often collapse right after launch.

Finally, Nick asks: if “no one is coming to save us,” what real protections can the industry build?

Thank you to our sponsors!

• • Mantle
  • Re

Guest:

• • Nicolas Vaiman, CEO and co-founder of Bubblemaps

Links:

• • Previous coverage of Unchained on these token launches:
    • Why Would Argentine President Javier Milei Protect Kelsier’s Hayden Davis?
    • How the Libra Scandal Exposed Memecoin Insider Trading on the World Stage
    • Why Lyn Alden Isn’t a Fan of Trump’s Memecoin
  • Unchained:
    • LIBRA Facilitator Sniped $12M of Kanye West’s YZY Token: Bubblemaps
    • YZY Sniper Wallet Traced to LIBRA Scheme
    • Kanye West’s YZY Token Launches With ‘Class Action Waiver’
    • Trump Family Grows $5 Billion Richer After WLFI Token Sale
    • Circle Freezes $57M of USDC Linked to Libra Scandal