No wonder the Gas Spike here!

Missed the Genesis launch?
You can still profit from the event on @alkimiya_io https://t.co/FXCVCG4ld4
<img src="https://static.sosovalue.com/sosovalue/2025/05/06/4f6c6975-2fa6-4f78-8856-4fd8bec896ef.png"/>


Most average BASE blocks have around 160 transactions
(30 blocks per minute):

During @RWAIAgent genesis launch on @virtuals_io, within 15 minutes, every block had an average of 1k TXs:

I'm pretty sure that about 800 of these transactions in each block were snipers trying to snipe the @virtuals_io launch.

Fifteen minutes. 450 blocks. Over 350k TXs from snipers.

And they did it. The market cap at block-1 was around $4 million (TGE market cap = $700k). That means snipers pumped the price by about 5.5x.

Fun fact: there were only 3 snipers in block-0:

- n1: 16k V = $33.8 million $RWI (3.3% of the supply)
- n2: 50 V = $76k $RWAI (probably a tester)
- n3: 32,180 V = $31.8 million $RWAI (3.1% of the supply)

This means the second sniper paid about 2x the price (it was still cheap).

Why do they spam so many TXs? Well, BASE doesn’t have any mempool — you can’t restructure the block. You have to try your luck to be right after TGE in the block (at the cheapest price). More TXs mean a higher chance.

It’s not really profitable for Genesis participants, since these snipers usually dump within seconds on following snipers and users trying to buy from the market.

The same happened with this launch: a pump to an $8 million market cap in seconds, then a dump to $2 million.

PVP season is coming, get your scripts ready and try your luck lol.
Make sure to get your own RPC, because public ones won’t handle that amount of traffic (public node died on my end).