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Coin stories/File 0277

The influencer bundle

How one promoted launch drained 2,100 wallets, traced transaction by transaction.

rugged · 1 min read

Sample story. The coin and the accounts are invented, to show how a coin story reads.

The setup

A large account posted a teaser: "launching something fun tonight". Thousands of people set alerts. When the coin launched, the account posted the contract address within seconds.

The first minute

Before the post went out, the launch block was already full. Twenty-two wallets bought 41% of the supply. Every one of them had been funded through two hops from a wallet that had received SOL from the influencer's known address.

The run

Followers rushed in. The coin bonded in under two minutes and reached $6M within the hour. About 2,100 wallets bought.

The exit

Over 15 minutes, the 22 wallets sold in turns, never all at once, which kept the chart from showing a single huge red candle. By the time most buyers noticed, the coin was down 90%.

How it was traced

Holders mapped the funding trail with a bubble map and posted it. The two-hop funding path tied all 22 wallets to the same source.

What to learn

  • A famous name does not make a launch fair. It makes it a bigger target.
  • Check the launch block before you buy, especially on hyped launches.
  • Slow, staggered selling is still a dump.

Notes in the margin

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