$MOTH: the dev who came back
A slow organic chart, until a wallet the dev had quietly loaded weeks earlier woke up.
Share on XA composite exhibit built from a common pattern: the dev sells openly to look harmless, while a second wallet holds the real bag.
What happened
The dev sold their supply in the first hour. Terminals tagged the coin "dev sold", and holders treated it as a community coin from then on. A CTO formed, the chart built slowly, and it climbed for over an hour.
What most people missed: before launch, the dev had sent SOL to a second wallet. That wallet bought 12% at launch and never moved. It was not tagged as the dev.
When the coin reached its biggest rally, the second wallet sold everything at once.
What was visible before the dump
- A top-10 holder with no sells, bought in the first minute.
- That holder's funding transaction came from the dev wallet.
- No other activity on the wallet at all.
The tell
A large early holder that never trades is not always a believer. Check where its SOL came from.
Lesson: "dev sold" only tells you about one wallet. Trace where the dev's SOL went before launch.
Notes in the margin
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