A crypto trader spent $40,000 in gas fees to secure 7.6% of the Jesse Token issuance, ultimately earning a $1 million profit. The transaction, revealed on November 21, underscores the aggressive tactics used in token sales, where high-risk players aim to capitalize on early opportunities. The trader used 67 ETH to purchase a significant portion of the token supply, which had a market cap of $2.4 million at the time. As the market cap surged past $10 million, the trader sold their holdings, netting a substantial profit. This incident highlights the competitive nature of DeFi token sniping, where traders incur high costs to prioritize transactions and capture lucrative gains.