# In depth: Magnetix {% hint style="danger" %} **This report is based purely on on-chain data analysis and does not classify or label any token as a scam or legitimate project. We aim to present raw blockchain insights in a simplified and accessible format. Readers are encouraged to interpret the data critically and draw their conclusions. Nothing in this analysis should be considered financial or investment advice. Additionally, the information reflects the state of the blockchain as of the report's publication date. Given the rapidly evolving nature of the crypto space, we recommend always checking the date and verifying if conditions have changed since.** {% endhint %} {% hint style="warning" %} Many tokens can share the same or similar names — always verify the contract address referenced in this analysis to ensure you're reviewing the correct asset. This report focuses solely on the specific token contract(s) mentioned; do not assume other tokens with similar names are related. {% endhint %} * **Token under investigation:** [**Magnetix**](https://blokiments.com/detailedView/solana?pairAddress=9drEt2N5LmuuFPTssNTJejrxcBGzN76NLhNA13CvkHC#Liquidity)**: `HPm64oG8eoCKuPj2MaHc1ruqdZ4Pe71UEGiUET1MtJAu` (Solana)** * **Token report date: main analysis on 6.4.2025 if not specified differently** **The report is divided into multiple sections:** * [About the token](#about-the-token) * [Events timeline](#events-timeline) * [Main on-chain metrics](#main-on-chain-metrics) * [Off-chain social analysis](#off-chain-social-analysis) * [Token creator analysis](#token-creator-analysis) * [Insiders activity](#insiders-activity) * [Insider trading](#insider-trading) * [Early traders (sniper) analysis](#early-traders-sniper-analysis) * [Holders analysis](#holders-analysis) ## About the token The Magnetix (MAG) token is a Solana-based token with a fixed supply of 1 billion. **Token Description from the token's webapge:** > Magnetix is a neo-religion culture coin, meaning it is more than a digital asset—it is a symbol of belief, manifestation, and shared success. The coin allows members to contribute to a collective energy field that fuels both personal development and financial growth. By participating in the Magnetix movement, individuals align their energy with abundance principles, using the power of spirituality and blockchain security to shape their financial future. Additionally, Magnetix operates on the idea that mindset and belief influence financial reality, making it the first crypto-based ecosystem built on spiritual and economic alignment. Although the [white paper](https://magnetixcoin.com/whitepaper) mentions some basic uses like event access or community perks, no clear revenue model or meaningful real-world demand exists. At this stage, MAG comes off more like a memetoken, driven largely by speculation and hype rather than solid fundamentals or lasting utility. * Webapge: * Telegram: * Twitter: * YouTube: ## 📅 Events timeline We begin our token analysis with a chronological overview of key on-chain and off-chain events. This timeline highlights notable moments in the token’s lifecycle — from its initial creation and pool launch to early swaps, announcements, and unusual market activity. Understanding the sequence of events is crucial for identifying potential red flags, coordinated actions, or community momentum. Main Events: * **January 2025:** We can assume the token planning was already being done. * A Twitter account was created in January. * First YouTube video published on 27.1.2025 * 2025-01-30 12:49:16 UTC — Domain registered for the website. * **Early February:** Start of bigger promotion * 2.2.2025 - Created a Telegram channel with the first message sent. * 4.2.2025 - First post on Instagram * 4.2.2025 - First post on Twitter. * **2025-02-27 20:12:14 UTC** — Token deployer wallet created * **2025-02-27 21:05:47 UTC** — Token minted * **2025-03-01 14:15:03 UTC** — Liquidity pool launched * **2025-03-01 14:15 UTC** — Tweet about the token launch * **2025-03-01 14:16:02 UTC** — First swap executed * **2025-04-02 16:30 UTC** — 75% price dump ## Main on-chain metrics The data in this section is based on blockchain activity up to April 7, 2025. We begin by reviewing the token's price performance, which has been relatively stable and respectable compared to the broader market, except for a significant dump on April 2. Next, we’ll examine the liquidity metrics to understand the token's trading environment better.

Price action

The **total liquidity** for the MAG token currently stands at approximately **$889,006.45**, a solid level for a token of this size and age. The **pool ratio** appears balanced, with **38,127,761.5 MAG** paired against **4,168.77 SOL**, offering sufficient depth for most trades. When it comes to **liquidity provider distribution**, the situation is less ideal. Currently, **only three wallets** are providing liquidity to the pool. One **wallet holds the overwhelming majority**, while the other two contribute only minimal amounts. It’s worth noting that the main liquidity position has been **burned**, meaning it has been sent to an address with no access, and therefore cannot be withdrawn. This **adds a layer of security** by ensuring that the core liquidity cannot be pulled suddenly — a common tactic in rug pulls. But the rug pull can still be committed differently, so much more analysis is needed.

Liquidty over time

The token is deployed on **Solana** using the **standard token program**, which means the core functionality follows a widely audited and commonly used framework. Our analysis did **not identify any honeypot behavior**, and the **transfer hook, minting, freezing, and account permissions are all non-upgradable**, reducing the risk of malicious changes after deployment. Additionally, the token is **not mintable** or closable and has **no transfer fees.** The **deployer wallet** has only created **one token**, which has **no signs of prior scam activity** based on automated checks. The metadata is also **immutable**, providing further confidence in the token's static configuration. Overall, from a smart contract perspective, the token appears **secure and non-malicious**, with no indicators of rug-pull mechanisms or backdoors.

Security smart contract review.

The token has reached a **market capitalization of $11.6 million.** A total of **6 Smart Money wallets** have interacted with the token. Our internal system flags these wallets for consistent profitability and sharp entry timing. *(Learn more about how our Smart Money identification works* [*here*](https://docs.blokiments.com/features/smart-money-analysis#how-do-we-calculate-smart-money-wallets)*)*. The growth of Smart Money participation has been modest. * **1 new wallet** joined over the past 7 days * **2 new wallets** in the past 30 days * **No new entries** in the past 24 hours In terms of experience, the token has attracted: * **293 Experienced Buyers** * **294 Experienced Sellers** * Resulting in a **Net of -1 Experienced Traders**, suggesting a balanced inflow and outflow from more seasoned participants. The token has seen: * **11,956 unique buyers** and **10,665 unique sellers** * **101,364 buy trades** vs. **90,186 sell trades** * **Total Buy Volume:** $37.1M * **Total Sell Volume:** $36.6M * **Total Unique Makers:** 12,507 * **Total Holders:** 5,913 Of all participating wallets, **10,929 had previously interacted with other tokens**, which suggests a healthy share of older users. Many new suspicious wallets can indicate fake volume bots, but in this case, it seems ok. Notably, **15 wallets previously flagged as confirmed scammers** have interacted with this token. When compared to 12,507 unique makers, the number is pretty low.

Trades over time by size in USD.

Next, we turn to Off-Chain Social Analysis to assess the token's presence, engagement, and sentiment across social platforms and communities. ## Off-chain social analysis ### Website Analysis **Website URL**: \ **Domain Registration**: January 30, 2025, 12:49:16 UTC
### **Telegram** * **Link**: [MagnetixCoin Telegram](https://t.me/magnetixcoin) * **Group Members**: 5082 * **Chat Creation**: The first message was posted on **2.2.2205.**

Telegram messages over time.

Telegram message statistics.

Telegram group growth, with users sending at least one message.

### Discord Link: The Discord link is on the website but is currently not functional. ### Twitter (X) * **Link**: [MagnetixCoin Twitter](https://x.com/MagnetixCoin) * **Followers**: 1,309 * **Posts**: 707 * **Account Creation Date**: January 2025 * **First Tweet Date**: February 4, 2025

Twitter account analysis.

## Token creator analysis Understanding the behavior and history of the token creator is critical to any on-chain investigation. This section analyzes the wallet that minted the token, including its funding source, activity patterns, and interactions with other addresses or contracts. By tracing wallet behavior before and after token creation, we aim to uncover potential signs of coordination, suspicious movement, or connections to other projects. [Token creator address](https://solscan.io/account/5xvRBSGJ6EqUN21WxfDyuQ3VYHkSWN4EheJ8ttPg4o6h): `5xvRBSGJ6EqUN21WxfDyuQ3VYHkSWN4EheJ8ttPg4o6h` (It will be called deployer wallet from now on) Everything started with funding a deployer wallet on 27.2.2025 at 20:12:14 (UTC) with 19.22 SOL from the address: `67nCgRsBckLxaSApdEuB84NdDJMLe7xermeRqduCHruh` (We will call it Funder 1)

Funding event.

Then, almost an hour later, he minted a MAG token (27.2.2025 at 21:05:47) with a supply of 1,000,000,000, which aligns with the data from their [whitepaper](https://magnetixcoin.com/whitepaper).

Minting event.

Token Basics section from Magnetix Whitepaper.

The next activity was the distribution of the minted MAG tokens to newly created wallets (and some old ones). 370,000,000 (37% of the supply) of the tokens were transferred to over 30 different wallets (we will call them Deployer Sub Wallet 1-30). [These events](https://solscan.io/account/5xvRBSGJ6EqUN21WxfDyuQ3VYHkSWN4EheJ8ttPg4o6h?remove_spam=true#transfers) took on for almost a day (from 27-2-2025 21:14:07 to 28-2-2025 21:01:41)

Minted tokens transfered to other wallets.

The next step was getting more funding to create the liquidity pool on Raydium. So a new address: `9xy3cQqAgSV2hwXjSes2thpQUoQpFQguW3YQT6xFBc8B` (let's call him Main Funder 2) sent 181 SOL at 03-01-2025 12:02:32.

Funding for the pool liquidity.

This money was then used to create a liquidity pool at 03-01-2025 14:15:03 with 179.64 SOL and 600,000,000 MAG (60% of the supply). So this is the moment when trading was enabled for the token. A few minutes later, the liquidity was burned, preventing the creator from removing the liquidity from the pool.

Pool creation and liquidity burn.

After that time, besides some minor transfers, the account was mostly inactive with a remaining 3% of MAG on the account. So at the time of the launch of the token, the supply distribution was as follows: * 3 % of MAG on the Token Deployer wallet * 37% of MAG on the Deployer Sub Wallets (insiders) * 60% of MAG in the public liquidity pool is available for trading After checking the theoretical distribution of the whitepaper, we can see that it mostly aligns.
We can present the described situation in the following flowplot:

Transfers after step 1

## Insiders activity Now we have collected 32 insider wallets connected to the token deployer. The next step involves a deeper analysis of these wallets to see if any suspicious patterns are found. ### Analysis of Founder 1 Let's first analyse the behavior of the [Founder 1](https://solscan.io/account/67nCgRsBckLxaSApdEuB84NdDJMLe7xermeRqduCHruh?remove_spam=true#transfers) wallet (`67nCgRsBckLxaSApdEuB84NdDJMLe7xermeRqduCHruh`). The wallet was created on 02-26-2025 by being funded by the Main Funder 2 wallet (`9xy3cQqAgSV2hwXjSes2thpQUoQpFQguW3YQT6xFBc8B`) with 21.4 SOL.

First detected transfer for the wallet.

Then (on 02-26-2025 - one day before the MAG mint) we can see the account created a new token I'm Fucking Rich (IMFR) - `5qiGv8Vbvr2GABd1Bj5fxLDzrknG7y27dRXVgEmd6tTd` with a liquidity pool. We suspect this was a process to test and learn how to create a token on Solana.

IMFR token creation.

IMFR pool creation.

The next day, the wallet completed the already mentioned transfer to the Token Deployer account:

A transfer to the token deployer.

Then for more than 10 days, there was no new activity in the wallet. On 03-09-2025, a bunch of new transfers and swaps happened: * An input transfer of 0.9 SOL from the Deployer Sub Wallet 23 (`3F1hfZrV8NSZg2fJU9KwEe6PpRtVxzBXzsG8QdBkQ1kT`) * An input transfer of 389 SOL from the Deployer Sub Wallet 28 (`5bucYz8myutcFBXUwUwKPSDULDPSy3Sc7EK9juxiGSgB`)

Input from Deployer Sub Wallets

* A swap of 389.6 SOL to USDC and then back to SOL a few minutes later (not very clear what was intended to be achieved here)

Swaps

* A transfer of all remaining SOL to the Main Funder 2 address (`9xy3cQqAgSV2hwXjSes2thpQUoQpFQguW3YQT6xFBc8B`)

Transfer back to Main Funder 2.

After the analysis, we have a current situation between the connected insiders' wallets:

Transfers after step 2

### Analysis of Main Funder 2 This looks like one of the [main accounts](https://solscan.io/account/9xy3cQqAgSV2hwXjSes2thpQUoQpFQguW3YQT6xFBc8B?remove_spam=true#transfers) (`9xy3cQqAgSV2hwXjSes2thpQUoQpFQguW3YQT6xFBc8B`) behind the token launch and has much more activity. It will be presented in summarized terms because it would be too long to explain everything in detail. It was created on 21-01-2025 at 06:35:48 by sending 0.69 SOL from Binance—some other funding from exchanges also accrued.
All the summaries in this section are from its creation to the time of writing this post on 6.4.2025. Let's first look at the inflow from exchanges. In total, 998 SOL was transferred to the wallet in this time from multiple exchanges (Revolut, Binance, MEXC):

Parsed version of exchanges inflows.

Most of the money was used to swap tokens or was transferred to other wallets. The wallet performs multiple swaps in different memecoins for the following days and weeks. The [full list with profits is available here](https://blokiments.com/smartMoney/detailedView?smartMoneyAddress=solana_9xy3cQqAgSV2hwXjSes2thpQUoQpFQguW3YQT6xFBc8B):

Some tokens traded by Main Funder 2

Significant attention was drawn to the swapping activity of AWR, which generated over $500,000 in trading volume. Alongside this, various unrelated meme tokens were observed being transferred between different wallets. Due to the unclear intent and lack of meaningful correlation, that data was excluded from the summary for clarity. Another thing is trading the MAG token with over 1.1M in volume. We will look at this event in a separate section. * For now, just mentioning a big buy of MAG just after the token's launch (more on that later).
Now we can check the [main transfers](https://solscan.io/account/9xy3cQqAgSV2hwXjSes2thpQUoQpFQguW3YQT6xFBc8B?remove_spam=true\&exclude_amount_zero=true#transfers) between the connected wallets: * MAG transfer: Deployer Sub Wallet 28 -> Main Funder: moved 1168420 MAG at 2025-03-09T19:29:14.000Z * SOL new inlow transfers: * From `Deployer Sub Wallet 7` 284 SOL at 2025-02-17 * From `Deployer Sub Wallet 6` 109 SOL at 2025-02-17 * From `Main Funder 2 Sub Wallet 4` 51.9 SOL at 2025-03-27 * SOL new outflow transfers (aggregated totals with wallet destination):

Summarized outflows

Another big find is that after some successful trades, the Main Funder 2 wallet deposited the profit into another [wallet](https://solscan.io/account/DE2mo8HPB4DNwF6pf9833W4Acc61KNCB57zQZq8H1N9B). This wallet looks like a final deposit wallet where all profits from the deployer are sent. We will call the `DE2mo8HPB4DNwF6pf9833W4Acc61KNCB57zQZq8H1N9B` wallet Final Deposit Wallet. This wallet had more than 2,500 SOL on 6.4.2025.

Status of the Final Deposit Wallet on 6.4.2025

The wallet was activated on 03-03-2025, just 2 days after the MAG token launch. There were multiple deposits from different sources almost every day or two, and no outflow; it looks like a cold wallet.

Transfers to the Final Deposit Wallet.

We summarized the transfers (on 6.4.2025): * `9xy3cQqAgSV2hwXjSes2thpQUoQpFQguW3YQT6xFBc8B` (Main Funder 2) deposited a total of 1455 SOL * `DwT6odXyTra4qno3f9rFHZX4LG1tbYhCruzhfrgZ97hs` (new wallet - named Insider wallet 1) deposited a total of 96 SOL * `5Dojf6nDskYQLgRhCbdExwFi2UF7yj2wCx9MHVyfrCNh` (new wallet - named Insider wallet 2) deposited a total of 33 SOL * `7ZeVk3Rq1uPr5X3w4YWABHkZu4boXX1usTzzuMeFvsbM` (Deployer Sub Wallet 4) deposited a total of 977 SOL So the current situation is as follows:

A current situation.

Through this analysis, we identified several wallets likely associated with insiders. While further investigation could uncover additional related addresses, we believe the primary wallets involved have been captured. Although some minor transfers between wallets may be missing, they are not critical to the broader scope of this report. With this foundation in place, we can now analyze MAG trading activity from these wallets to assess potential signs of market manipulation.
All insider wallets list ``` 5xvRBSGJ6EqUN21WxfDyuQ3VYHkSWN4EheJ8ttPg4o6h --> Token Deployer 67nCgRsBckLxaSApdEuB84NdDJMLe7xermeRqduCHruh --> Founder 1 Ay2nJhZC6fAKnLnfXzkZB6mbbkRX6KSEamn3jf21HquW --> Deployer Sub Wallet 1 EspsHDXsev2fTwQrXcBMamiz3NorGaW34oWi2U9eeVth --> Deployer Sub Wallet 2 DmPyn7J3cqoyPvi4HafSDhCLY2Yu78d1JXAeoGMrVSHU --> Deployer Sub Wallet 3 7ZeVk3Rq1uPr5X3w4YWABHkZu4boXX1usTzzuMeFvsbM --> Deployer Sub Wallet 4 JCaVtePRMaHzdfdvqBM5HChYcyywCsfNAygcGDbm66sD --> Deployer Sub Wallet 5 J3ekaUh3CM7SNVAoyGncKg9s86JffFenLJqWNEn1cjx9 --> Deployer Sub Wallet 6 6m1J1LzFh4RuoeKv5qkPLhT82fJGxQ4362L6bFPP3HfC --> Deployer Sub Wallet 7 EsGStP4NxDUxWSn6aoDy3EAwdhYHQdKCXHZj6iF8Q2HU --> Deployer Sub Wallet 8 FqGNnXzfmKipEocFf8AC9rjmdW37XWMHGQ7sd4qULgrF --> Deployer Sub Wallet 9 AvAVGYFKLbGQzsaN2FtRxVdCbZS5WjqNurdHW1JHKuFY --> Deployer Sub Wallet 10 BAtPbEDxsfz1oBfVidfe8wwVDTk2jvuXGd2MC4YKGh9g --> Deployer Sub Wallet 11 Cz1LshLvJUL92d8BMXSC1XH78v9G54yiNKHgJvmaNC5P --> Deployer Sub Wallet 12 HPPyXDK2LLSBvFpDrwXpfvGAn4ihVJjCuUH3axseJAJa --> Deployer Sub Wallet 13 EJNCpkLej76btEwnj3V85oHjvXmnqQCv2EVctvsn2LNW --> Deployer Sub Wallet 14 H7iiMGT7F3PLpyVbtP6x8GEn6Hq59YiaMSHEtYLkAWR2 --> Deployer Sub Wallet 15 CAD9twxspV5FSDJDc64kZqAPQEuFujuDCuYjxTHzvEn4 --> Deployer Sub Wallet 16 3s8BW9P5Th2jamRwr11FnimTmQda2wgTWtdjnXWUrVfh --> Deployer Sub Wallet 17 D8Ebe8xy93stpDKBmCP9SX6Nk3jbT66WCG5G7oFaZ52A --> Deployer Sub Wallet 18 EEawXZoF4KYxSAUbikP3sq89mXqd2Wfx7uKPbzpD4nXj --> Deployer Sub Wallet 19 6nKVYd3U3XphTDXhRmKtEnMbbP3uKiFvc54rXdc3uiDJ --> Deployer Sub Wallet 20 Cnu8GpwwwafCshHZkiGpgM3FKEW6yiEddXcp29VtHn77 --> Deployer Sub Wallet 21 DHjMu8nLzpWKYJhxaTvJethRMpoAg7kGRzPAsGdoB3NJ --> Deployer Sub Wallet 22 3F1hfZrV8NSZg2fJU9KwEe6PpRtVxzBXzsG8QdBkQ1kT --> Deployer Sub Wallet 23 2phnyjf34WrjeniPND8BZ2jUdverw9Tf26Q2YDNCSLXm --> Deployer Sub Wallet 24 7inVeShbwxrrd5ABSELc8cGnk3FPL1eNXTq2Gt5gCbd1 --> Deployer Sub Wallet 25 8A9y7uPbqdbYPV2cEVDuc6YjkTNXX9LjKjVpMPqDgC6Y --> Deployer Sub Wallet 26 44qV7HUcwvyhrkVaiKPRaLnJj7VtbC3SRyBQNjRGX8Yh --> Deployer Sub Wallet 27 5bucYz8myutcFBXUwUwKPSDULDPSy3Sc7EK9juxiGSgB --> Deployer Sub Wallet 28 7Ta1ga6KT5vCfPL4r7pdhZ6EDELb7MvzSSnNfWCbseiC --> Deployer Sub Wallet 29 EjoB7agxNM83pkrVkKaEFEfxK4rrFndzdP1nJBTA9sxc --> Deployer Sub Wallet 30 9xy3cQqAgSV2hwXjSes2thpQUoQpFQguW3YQT6xFBc8B --> Main Funder 2 DE2mo8HPB4DNwF6pf9833W4Acc61KNCB57zQZq8H1N9B --> Final Deposit Wallet DwT6odXyTra4qno3f9rFHZX4LG1tbYhCruzhfrgZ97hs --> Insider wallet 1 5Dojf6nDskYQLgRhCbdExwFi2UF7yj2wCx9MHVyfrCNh --> Insider wallet 2 xM1oPhvejeu7Ls29dBaXwCRKvRkjTejBgS14Xe61246 --> Main Funder 2 Sub Wallet 1 3SXgGeNyxSnACvoUoM3vJFAiErmgkAiso1fNsMLEWa9N --> Main Funder 2 Sub Wallet 2 6sgUkpmQTqyZRboDdkZUkGuPSGkRs7RNQPMdk9CkHBLd --> Main Funder 2 Sub Wallet 4 2RJxJPUp2p6KvhYHhrLS5phH6EyxvpvpbdKXuvbHyWFU --> Main Funder 2 Sub Wallet 5 CAUMSozNtMjd4Duga46MbUka7ejevA2GJYdwWHbu5FPa --> Main Funder 2 Sub Wallet 6 CRfXdN5MNd2kBRaeqfSEJgcuv7awvChiVoJeFFBbH73H --> Main Funder 2 Sub Wallet 7 ```
## Insider trading Let’s examine the trading behavior of the identified insider wallets. Most of these wallets received tokens directly from the deployer or wallets closely linked to the deployer. We analyzed their trading activity using on-chain data as of **April 6, 2025**, and compiled the following summary:

Summary of trades for insider wallets.

By analyzing the volume distribution across insider wallets alongside the token’s price action, we can identify potential patterns that suggest whether insider trading may have influenced or manipulated the token’s market price. The chart below shows insider wallets' daily buy and sell volumes, from the token’s launch to the report date (**April 6, 2025**).

Daily buy and sell volumes from insider wallets.

Price performance.

We observed notable correlations between insider trading volume and price movements: * On the **first day**, when buying pressure from the broader market was high, insiders were also actively trading, contributing to significant volume. * On **March 23, 2025**, a sharp price drop coincided with a spike in insider sell volume. * A similar pattern appeared again on **April 2, 2025**, with increased insider selling aligned with another price dip. * In contrast, the price rose during the last two days of the observed period, and insider selling activity ceased entirely. To validate these observations, we’ll analyze the trades leading up to and during the price drops to identify which wallets contributed the most to the sell pressure. We will focus on the biggest dump that happened on 2.4.2025.

Price of the token with insider selling volume.

Our analysis shows that several insider wallets participated in selling during the price dump. Let’s look at the wallet that contributed the most to the sell-off during that period.

Biggest sell volume

We observed that Deployer Sub Wallet 6 recorded the highest sell volume among all wallets. It was followed by several other wallets that, while not yet confirmed as insiders, exhibited significant selling behavior. Let’s now examine the timing of sell activity from the top three wallets to understand their impact on the market better. * `8QasjDtMZNftBk1CzG12HaLcLNqN16gCmtjh7f3ASAC5` This wallet doesn’t appear to be directly connected to the main team, as it only shows transfers from Binance and Bitstamp. It was created around the same time as other insider wallets and traded the same AWR token as the main MAG deployer wallet, which raises some suspicion. * `5tTtd432WJDkRzjKPahPkHAPmpgyfLwJjbSCJSvreJ4h`This wallet, created at a similar time as other insider wallets, only interacted with exchanges like Bitstamp and Gate.io, with no direct transfers observed. * `5GcYEgijHfGDkRcWQJa2oEfejVzYLEpVFH7fz4DicJsR` created on 2025-02-28 at 17:17:21, was funded by GRJA5DriaXffw2DvN5w1NCZCZmBCHPkKvHkGSpj1W5ef. Although there doesn’t appear to be a direct connection to team wallets, it holds a significant amount of MAG. * `HAMMfHd54V1sKo4qonSLZs2HgUWJDTuWQ5JfA93fdVxK` This wallet was created just before the launch and was likely waiting to snipe. It was funded through an exchange.

Wallet 8QasjDtMZNftBk1CzG12HaLcLNqN16gCmtjh7f3ASAC5

Wallet 5tTtd432WJDkRzjKPahPkHAPmpgyfLwJjbSCJSvreJ4h

Wallet 5GcYEgijHfGDkRcWQJa2oEfejVzYLEpVFH7fz4DicJsR

The combined selling pressure from several large wallets significantly affected the token’s price decline. Understanding what triggered these wallets to offload large amounts of tokens could provide valuable insight into the dynamics behind the drop — profit-taking, insider coordination, or a reaction to external events. To better understand the motives behind the large sell-offs, we can investigate **how these wallets acquired such a significant amount of tokens** and whether any suspicious behavior occurred during the early stages of trading. It's possible that a large portion of tokens were **sniped immediately after the token launch.** ## Early traders (sniper) analysis In cryptocurrency DEX (decentralized exchange) trading, a sniper is a bot or wallet that automatically buys a newly launched token when liquidity is added, often within the first few seconds or even milliseconds. These bots are designed to front-run other buyers by detecting liquidity events and executing ultra-fast transactions, usually with higher gas fees to ensure priority. The goal is to acquire tokens at the lowest possible price and sell quickly for profit, often before the average user even has a chance to trade. This section’ll analyze the **initial swaps** that occurred at the start of trading. We will focus on the number of tokens acquired during these early moments and identify the **wallets that purchased the largest shares** right after the token launched.

First 20 swaps in the MAG pool.

The first swap occurred on 2025-03-01 at 14:16:02. There were no suspicious activities in the first 20 swaps. Let's now check if any insider purchased within the first 5 minutes.

Insider wallets buying in the first 5 minutes.

Main Funder 2 purchased nearly 3% of the total supply just one minute after the token launch, while other wallets acquired smaller amounts. Top 10 purchases by supply accumulated in the first 1000 swaps:
This plot shows individual token purchases (green dots above zero) and sales (red dots below zero) over time (for the first 1000 swaps), with their size representing the percentage of total supply moved. The blue step line tracks the net cumulative supply held by wallets, starting at zero and adjusting instantly with each transaction to reflect current holdings.
## Holders analysis Let’s focus on the distribution of the MAG token and examine the total supply held by insider wallets and other major wallets.

Holders distribution

We can see that the top 50 wallets hold more than 50% of the total supply. Let’s look at the biggest holders, including those tagged as insiders.

Top 30 holders.

Let's check the biggest wallets that we didn't classify yet, if they are connected with the insiders: * `BT23YGxByoXtRrTVVvBJDSPSf5bjacLnZM8KWKVWDh3f` and `HJJJraKM6X4Xoj1YJJ83x67KNGdkn9MEh3QqcG3C1irZ` After a deep analysis, we can see that this is an insider wallet and the tokens were transferred there by the `Deployer Sub Wallet 19 and 29`. We can also identify another insider wallet at the address `BvuV5ESxMmZMbRi3rGenSkDAN3j2UrEjLbXj5t4GDQAE` funding the wallet with SOL. After a longer investigation, we created a picture like that:

BT23YGxByoXtRrTVVvBJDSPSf5bjacLnZM8KWKVWDh3f and HJJJraKM6X4Xoj1YJJ83x67KNGdkn9MEh3QqcG3C1irZ connection

* `4KCEkGdVQNEYeXAgHWqSMXTtxbdQDRUECAEf6B7CgfsG` (tag: `Holding Wallet 3`) The graphic below shows how they deployed the tokens from the tokon deployer via the Deployer Subwallets to this wallet.

4KCEkGdVQNEYeXAgHWqSMXTtxbdQDRUECAEf6B7CgfsG - Holding Wallet 3 flow

* `2khK9ai74F5XE6NvovtxJJRFGUFK3RVPzDFJwxDFAUXt` We have not found any direct evidence linking the wallet to MAG insiders; however, it has been involved in significant trading volumes of MAG. Additionally, the wallet was created on April 2, 2025, and has also conducted large trades involving AWR, which raises some suspicion.
* `G6eYDftHMJDpfMZyAd2X7AWZ4j7kwH8gW3HFA9fUaKe1` The wallet received transfers from Bitstamp in February and, shortly after trading began, acquired a large supply of MAG through multiple transactions within minutes. This supply is still being held. While there is no direct link to known insider wallets, the timing and volume of these trades are notable.
* `DhSoKjSYE2YfZcNXAnxD5BHJV41QjS1RcywbxVTVkuMK` (tag: `Holding Wallet 4`): The graphic below shows how they deployed the tokens from the tokon deployer via the Deployer Subwallets to this wallet.
* `CPN4JvjmYxzyMpRHfLsL7XpYYx1DHvQi8YfGGwaTvUbt` Created on 02-06-2025 10:09:18 and traded MAG and AWR. * `HkBwptTMecs5YSVXn7MNjEHe4ocMT8DvTRGKdotYJg3H` Created 01-27-2025 11:00:49 and traded MAG and AWR. Continuing down this rabbit hole could take days, as most other wallets exhibit similar patterns. While checking every wallet is impossible, our analysis indicates many show signs of insider activity. Based on the data reviewed, we can reasonably estimate that wallets likely linked to insiders hold at least 31% of the total supply.

Wallet status after holder analysis.

Full list of insider addreses ```tsv 5xvRBSGJ6EqUN21WxfDyuQ3VYHkSWN4EheJ8ttPg4o6h Token Deployer 67nCgRsBckLxaSApdEuB84NdDJMLe7xermeRqduCHruh Founder 1 Ay2nJhZC6fAKnLnfXzkZB6mbbkRX6KSEamn3jf21HquW Deployer Sub Wallet 1 EspsHDXsev2fTwQrXcBMamiz3NorGaW34oWi2U9eeVth Deployer Sub Wallet 2 DmPyn7J3cqoyPvi4HafSDhCLY2Yu78d1JXAeoGMrVSHU Deployer Sub Wallet 3 7ZeVk3Rq1uPr5X3w4YWABHkZu4boXX1usTzzuMeFvsbM Deployer Sub Wallet 4 JCaVtePRMaHzdfdvqBM5HChYcyywCsfNAygcGDbm66sD Deployer Sub Wallet 5 J3ekaUh3CM7SNVAoyGncKg9s86JffFenLJqWNEn1cjx9 Deployer Sub Wallet 6 6m1J1LzFh4RuoeKv5qkPLhT82fJGxQ4362L6bFPP3HfC Deployer Sub Wallet 7 EsGStP4NxDUxWSn6aoDy3EAwdhYHQdKCXHZj6iF8Q2HU Deployer Sub Wallet 8 FqGNnXzfmKipEocFf8AC9rjmdW37XWMHGQ7sd4qULgrF Deployer Sub Wallet 9 AvAVGYFKLbGQzsaN2FtRxVdCbZS5WjqNurdHW1JHKuFY Deployer Sub Wallet 10 BAtPbEDxsfz1oBfVidfe8wwVDTk2jvuXGd2MC4YKGh9g Deployer Sub Wallet 11 Cz1LshLvJUL92d8BMXSC1XH78v9G54yiNKHgJvmaNC5P Deployer Sub Wallet 12 HPPyXDK2LLSBvFpDrwXpfvGAn4ihVJjCuUH3axseJAJa Deployer Sub Wallet 13 EJNCpkLej76btEwnj3V85oHjvXmnqQCv2EVctvsn2LNW Deployer Sub Wallet 14 H7iiMGT7F3PLpyVbtP6x8GEn6Hq59YiaMSHEtYLkAWR2 Deployer Sub Wallet 15 CAD9twxspV5FSDJDc64kZqAPQEuFujuDCuYjxTHzvEn4 Deployer Sub Wallet 16 3s8BW9P5Th2jamRwr11FnimTmQda2wgTWtdjnXWUrVfh Deployer Sub Wallet 17 D8Ebe8xy93stpDKBmCP9SX6Nk3jbT66WCG5G7oFaZ52A Deployer Sub Wallet 18 EEawXZoF4KYxSAUbikP3sq89mXqd2Wfx7uKPbzpD4nXj Deployer Sub Wallet 19 6nKVYd3U3XphTDXhRmKtEnMbbP3uKiFvc54rXdc3uiDJ Deployer Sub Wallet 20 Cnu8GpwwwafCshHZkiGpgM3FKEW6yiEddXcp29VtHn77 Deployer Sub Wallet 21 DHjMu8nLzpWKYJhxaTvJethRMpoAg7kGRzPAsGdoB3NJ Deployer Sub Wallet 22 3F1hfZrV8NSZg2fJU9KwEe6PpRtVxzBXzsG8QdBkQ1kT Deployer Sub Wallet 23 2phnyjf34WrjeniPND8BZ2jUdverw9Tf26Q2YDNCSLXm Deployer Sub Wallet 24 7inVeShbwxrrd5ABSELc8cGnk3FPL1eNXTq2Gt5gCbd1 Deployer Sub Wallet 25 8A9y7uPbqdbYPV2cEVDuc6YjkTNXX9LjKjVpMPqDgC6Y Deployer Sub Wallet 26 44qV7HUcwvyhrkVaiKPRaLnJj7VtbC3SRyBQNjRGX8Yh Deployer Sub Wallet 27 5bucYz8myutcFBXUwUwKPSDULDPSy3Sc7EK9juxiGSgB Deployer Sub Wallet 28 7Ta1ga6KT5vCfPL4r7pdhZ6EDELb7MvzSSnNfWCbseiC Deployer Sub Wallet 29 EjoB7agxNM83pkrVkKaEFEfxK4rrFndzdP1nJBTA9sxc Deployer Sub Wallet 30 9xy3cQqAgSV2hwXjSes2thpQUoQpFQguW3YQT6xFBc8B Main Funder 2 DE2mo8HPB4DNwF6pf9833W4Acc61KNCB57zQZq8H1N9B Final Deposit Wallet DwT6odXyTra4qno3f9rFHZX4LG1tbYhCruzhfrgZ97hs Insider wallet 1 5Dojf6nDskYQLgRhCbdExwFi2UF7yj2wCx9MHVyfrCNh Insider wallet 2 xM1oPhvejeu7Ls29dBaXwCRKvRkjTejBgS14Xe61246 Main Funder 2 Sub Wallet 1 3SXgGeNyxSnACvoUoM3vJFAiErmgkAiso1fNsMLEWa9N Main Funder 2 Sub Wallet 2 6sgUkpmQTqyZRboDdkZUkGuPSGkRs7RNQPMdk9CkHBLd Main Funder 2 Sub Wallet 4 2RJxJPUp2p6KvhYHhrLS5phH6EyxvpvpbdKXuvbHyWFU Main Funder 2 Sub Wallet 5 CAUMSozNtMjd4Duga46MbUka7ejevA2GJYdwWHbu5FPa Main Funder 2 Sub Wallet 6 CRfXdN5MNd2kBRaeqfSEJgcuv7awvChiVoJeFFBbH73H Main Funder 2 Sub Wallet 7 BT23YGxByoXtRrTVVvBJDSPSf5bjacLnZM8KWKVWDh3f Holding Wallet 1 HJJJraKM6X4Xoj1YJJ83x67KNGdkn9MEh3QqcG3C1irZ Holding Wallet 2 4KCEkGdVQNEYeXAgHWqSMXTtxbdQDRUECAEf6B7CgfsG Holding Wallet 3 DhSoKjSYE2YfZcNXAnxD5BHJV41QjS1RcywbxVTVkuMK Holding Wallet 4 BvuV5ESxMmZMbRi3rGenSkDAN3j2UrEjLbXj5t4GDQAE Insider wallet 3 A8TaPZZcoGVseZ5EYVSo1C2kq67pikE4i8jSLnR5wMZr Insider wallet 4 G4f6f1UguquaJ7NQhsSckyy7iFg1KiusdZbqrvfswCNb Small wallet 1 7Gq9Egp3dXhdjX3tj7toBRHFTbMgojvYYKcvLaMZ93Bt Small amount MAG 1 5ZKcUvdib1S5mnSRyyCnzDhKVezRud5DMqBYPmwhBQTa Small amount MAG 2 8u3xdNkq7d8jANyEpJDMAsrWcErFxmeprdn6epGCsY5p Small amount MAG 3 51GfLSyWoeLGnUZDQq5y5naErE62iiwoF6QUKAGXUwqY Small amount MAG 4 9GT22d8kA7eR655NHVHbB6rGLpFWU7JotKfRSWPMY4XF Deposit Wallet 2 HqhvKWi4N2ea5phoMywyWrPf8FjqhVxqfXc1yd5CrqRg USDC Depoist 1 2nhhvCLfkXwS16NEUext92jH22VJuh9K6e4EcB9KwZjU Paid for fees Deployer Sub Wallet 30 6gPPi6yXrjZdnC1nFFtsabZAD9dQfFNWia69zC77H8LQ Paid for fees Deployer Sub Wallet 8 J4RiEHvFiLLtb3JoJhXsK4CNqguohhDtBBqCsUhA7d28 Holding Mid Wallet 1 9JTnakF5uNeZn6cZHF7yCYmwhXwhVbSB2boVaVwnxJcy Temp Small Amount 1 98AfiudEqsDfr8XwqEMuhVTYGrAU1JB9oU8Mzn1EQo8v Temp Small Amount 2 8MZLPE16uioa5GWRPH2QW6R89hEZdtsgTq3ArGpa6km1 SOL Deposit 1 E3PKnnhb7VhCSAZEVagH8LX4acFsRB2FYaFnizYF3j47 Connected wallet to Subwallet 18 ```
## Update 13.4.2025 In the following days, we continued our analysis to identify all wallets connected to the MAG token. We discovered 94 wallets that appeared to be linked to the MAG deployer wallet through on-chain transfers. For each of these wallets, we examined their MAG and SOL holdings, as well as their MAG buying and selling activity, and calculated their trading profits. Our investigation revealed that these wallets collectively generated over $500,000 in net profits from trading the MAG token.

94 wallets connected to the MAG token deployer.

Detailed per wallet statistics
ADDRESSTAGFirst activeSOL HOLDINGMAG HOLDINGTRADING PROFITSMAG BUYMAG SELL
DE2mo8HPB4DNwF6pf9833W4Acc61KNCB57zQZq8H1N9BFinal Deposit Wallet03-03-2025 5:18:292987,690$0,00$0,00$0,00
9GT22d8kA7eR655NHVHbB6rGLpFWU7JotKfRSWPMY4XFDeposit Wallet 217-03-2025 6:05:0674,80$0,00$0,00$0,00
8MZLPE16uioa5GWRPH2QW6R89hEZdtsgTq3ArGpa6km1Deposit Wallet 301-03-2025 16:37:35102,410$0,00$0,00$0,00
Becu9HesKMGHzYekJvNKfUkwW2ftDFLi31UewF3RSDLrDeposit Wallet 403-03-2025 15:37:474,670$0,00$0,00$0,00
DwT6odXyTra4qno3f9rFHZX4LG1tbYhCruzhfrgZ97hsDepositer 123-03-2025 20:16:490,320−$1.142,00$18.396,00$17.254,00
5Dojf6nDskYQLgRhCbdExwFi2UF7yj2wCx9MHVyfrCNhDepositer 212-03-2025 5:52:0200−$331,00$10.000,00$7.450,00
7wJLiewCG1cnyPkXca5wN3Q2zAeKeX512mLGhrXyXqvKDepositer 307-04-2025 9:12:120130−$881,00$21.600,00$20.700,00
6gPPi6yXrjZdnC1nFFtsabZAD9dQfFNWia69zC77H8LQMini SOL funding wallet 131-01-2025 8:02:380,210.430$0,00$14,00$0,00
AoPAnvDJh4dgm3q4DXSU6EsuLvfDVikzrxM18Fb7QJgeMini SOL funding wallet 223-01-2025 11:30:030,11.120$0,00$11,00$0,00
2nhhvCLfkXwS16NEUext92jH22VJuh9K6e4EcB9KwZjUMini SOL funding wallet 313-01-2025 16:59:2317,33869$0,00$1,00$0,00
E3PKnnhb7VhCSAZEVagH8LX4acFsRB2FYaFnizYF3j47Mini SOL funding wallet 403-03-2025 18:47:400,889.160−$46,00$1.423,00$1.376,00
CgP1StUQcxNrEaWYTCmUD6pKemDTyMeo8U13KUKDZzLjMAG profit taking wallet 124-02-2025 22:19:390,50$81.883,00$82.004,00$163.887,00
ALRbJYsPyPxAeQF1C16RdPFgi7WmV5Mh5zGhgSFy3q4pMAG profit taking wallet 227-01-2025 8:22:2371,380$9.703,00$14.494,00$24.197,00
FgM1hqyMJ8uQ6PXnbjn9veqZaqJHMwjwj33VW3ZvFzstMAG profit taking wallet 301-03-2025 14:49:5900$361,00$1.957,00$2.318,00
8EZKQFmBgAvhHtXN2GCzNDcwUqFbKMPQTLY8cwkrv9HFMAG profit taking wallet 402-03-2025 14:16:2700$0,00$0,00$0,00
Eym9BD5V1yD9VDLJfPP6yxBbJxkiKdPGWiQa9ENBaCK1MAG profit taking wallet 502-03-2025 17:00:2500$0,00$0,00$0,00
CVhaQrgJFhgvzab7voZTEUgb5kraj3U7Xqof22y1Ni3RMAG Trader 107-02-2025 10:34:2900$21.978,00$9.254,00$31.232,00
8CMA5H2xHHchcaE4dzFY4iZqww2smwzpUqJmdQn38HtXMAG Trader 213-02-2025 14:05:4500$11.272,00$1.718,00$12.990,00
4epMPmuTGwVejeQsvv3EjBTaTHKTGQkrRfWYALo5TfNwSOL Staking Wallet 107-03-2025 11:25:44700$0,00$0,00$0,00
6DGhFfj5FDNzVxZSBKeYLshyLE3W8kzCXzfX4SR2yRLoMAG Holder Small 113-03-2025 8:38:230235.394$0,00$0,00$0,00
BdRYjJCrjoFfWGheCAZSemi3sk5yPvCswj3ZM1QcKJSzMAG Holder Small 230-01-2025 11:31:120140.270$0,00$171,00$0,00
2XSZqJ4tRcKHurAeLnU5zoMsXwwkvtcRDQ9S31pbGMKKMAG Holder Small 303-02-2025 15:27:1318,93500$0,00$0,00$0,00
FcWnZALJHHBqckGDQTJuQ4v9Ge5jxrjoqXhU6ZTfvzN8MAG Holder Small 408-02-2025 10:52:140,011.500$0,00$0,00$0,00
7Gq9Egp3dXhdjX3tj7toBRHFTbMgojvYYKcvLaMZ93BtMAG Holder Small 502-03-2025 5:16:0601.500$0,00$0,00$0,00
Dnrvm56Hv9kMHd3uzrhqpgznGi6RqEiMBbseYYarDGoVMAG Holder Small 602-26-2025 19:16:170,04842$0,00$2,80$0,00
6TE5iovhWRKJnA8Qik59DwXABHCkzUQp2SW2JgisxejbMAG Holder Small 709-02-2025 10:26:50063.330$0,00$110,14$0,00
CGDQgPPukkSYh2Feors5JJbrEwJ4mBzD7byScYYkWAhqMAG Holder Small 829-01-2025 12:10:510271.760−$1.670,00$10.123,00$5.117,00
51GfLSyWoeLGnUZDQq5y5naErE62iiwoF6QUKAGXUwqYMAG Holder Small 914-02-2025 21:57:160,0168.490$830,00$16.657,00$17.487,00
4rjGJCRPFvwUxU9FeVir4CRbnFrJXbteuCoaquJK2Vx2MAG Holder Small 1015-02-2025 7:17:470530.140$713,00$120.180,00$120.893,00
9JTnakF5uNeZn6cZHF7yCYmwhXwhVbSB2boVaVwnxJcyMAG Holder Small 1103-03-2025 10:52:340,046.470$0,00$0,00$0,00
92ez41JJ3rGHvj4TEXEetobdGxVTiXgXo17rq7nvaEDdMAG Holder Small 1206-03-2025 0:35:152,22.200$63,00$1.786,00$1.849,00
2o5V3iKLpj1d1EG5cfpGjBPH184ubQPUFGM5Qoq4PuyiSolana proxy wallet10-02-2025 8:38:200,30$0,00$0,00$0,00
7gfbq2bjNXzHK85ErbunnyZUfDrkeFdjqxNhuMePgve3Solana proxy wallet 225-02-2025 14:13:5900$0,00$0,00$0,00
F9ecTinjQeZpEXGvFb8gQ2YNYofuMqHcdZBHYGy4CscHSolana proxy wallet 325-02-2025 14:29:2500$0,00$0,00$0,00
GQFjaqZBPBL2YixREnZT3BztpCW5jLeuUk9GsPEz7MhRSolana proxy wallet 402-03-2025 14:21:5900$0,00$0,00$0,00
HUmSgR2igcXEWpL2MEpeEtPW68sSw6FpNEj4Evjcta2mSolana proxy wallet 508-12-2024 18:12:3400$0,00$0,00$0,00
8DmvQtvcHihk3wpA24NDibBLuLFzRk95LxM2w5QXQk2WSolana proxy wallet 625-02-2025 14:40:0800$0,00$0,00$0,00
H43osaXwUKCZxzzAV6V5b7JTsWnNxZpiag9F9Ybobh3qSolana proxy wallet 726-01-2025 16:34:2200$0,00$0,00$0,00
J4RiEHvFiLLtb3JoJhXsK4CNqguohhDtBBqCsUhA7d28MAG proxy wallet01-03-2025 1:39:330,20$0,00$0,00$0,00
8yV3A5iMyHiir3EG1StroC5MqkupyQp2JXdCq2cqgEDXAWR trader 120-01-2025 13:17:0200$0,00$0,00$0,00
8vDSJHhW9XSWpJR6aF2bUzDSXPCzXMxz1NfypVcb8dkmAWR trader 229-01-2025 21:37:0900$0,00$0,00$0,00
Ay2nJhZC6fAKnLnfXzkZB6mbbkRX6KSEamn3jf21HquWDeployer Sub Wallet 128-02-2025 17:54:0505.000.000$0,00$0,00$0,00
EspsHDXsev2fTwQrXcBMamiz3NorGaW34oWi2U9eeVthDeployer Sub Wallet 228-02-2025 4:23:460,282.830.000$3.794,00$0,00$3.794,00
DmPyn7J3cqoyPvi4HafSDhCLY2Yu78d1JXAeoGMrVSHUDeployer Sub Wallet 328-02-2025 19:04:10030.000.000$0,00$0,00$0,00
7ZeVk3Rq1uPr5X3w4YWABHkZu4boXX1usTzzuMeFvsbMDeployer Sub Wallet 428-02-2025 19:09:0700$19.126,00$78.891,00$98.017,00
JCaVtePRMaHzdfdvqBM5HChYcyywCsfNAygcGDbm66sDDeployer Sub Wallet 528-02-2025 19:46:49010.000.000$0,00$0,00$0,00
J3ekaUh3CM7SNVAoyGncKg9s86JffFenLJqWNEn1cjx9Deployer Sub Wallet 620-01-2025 21:02:22227.000.000$44.067,00$347.000,00$391.000,00
6m1J1LzFh4RuoeKv5qkPLhT82fJGxQ4362L6bFPP3HfCDeployer Sub Wallet 708-03-2025 5:13:05013.480.000$0,00$172.300,00$124.727,00
EsGStP4NxDUxWSn6aoDy3EAwdhYHQdKCXHZj6iF8Q2HUDeployer Sub Wallet 827-02-2025 21:44:090435.000$0,00$0,00$0,00
FqGNnXzfmKipEocFf8AC9rjmdW37XWMHGQ7sd4qULgrFDeployer Sub Wallet 905-03-2025 12:16:4400$64.254,00$184.000,00$248.000,00
AvAVGYFKLbGQzsaN2FtRxVdCbZS5WjqNurdHW1JHKuFYDeployer Sub Wallet 1028-02-2025 19:58:2207.500.000$0,00$0,00$0,00
BAtPbEDxsfz1oBfVidfe8wwVDTk2jvuXGd2MC4YKGh9gDeployer Sub Wallet 1128-02-2025 20:01:4107.500.000$0,00$0,00$0,00
Cz1LshLvJUL92d8BMXSC1XH78v9G54yiNKHgJvmaNC5PDeployer Sub Wallet 1228-02-2025 17:52:2571.050.000$4.003,00$25.782,00$29.785,00
HPPyXDK2LLSBvFpDrwXpfvGAn4ihVJjCuUH3axseJAJaDeployer Sub Wallet 1328-02-2025 18:22:17015.000.000$0,00$0,00$0,00
EJNCpkLej76btEwnj3V85oHjvXmnqQCv2EVctvsn2LNWDeployer Sub Wallet 1401-03-2025 14:45:1300$1.443,00$0,00$1.443,00
H7iiMGT7F3PLpyVbtP6x8GEn6Hq59YiaMSHEtYLkAWR2Deployer Sub Wallet 1528-02-2025 4:19:370,010$0,00$0,00$0,00
CAD9twxspV5FSDJDc64kZqAPQEuFujuDCuYjxTHzvEn4Deployer Sub Wallet 1628-02-2025 4:24:38016.000.000$0,00$0,00$0,00
3s8BW9P5Th2jamRwr11FnimTmQda2wgTWtdjnXWUrVfhDeployer Sub Wallet 1728-02-2025 19:25:3414.270.000$2.176,00$58.315,00$60.491,00
D8Ebe8xy93stpDKBmCP9SX6Nk3jbT66WCG5G7oFaZ52ADeployer Sub Wallet 1810-02-2025 18:31:001.61.350.000$22.402,00$22.402,00$0,00
EEawXZoF4KYxSAUbikP3sq89mXqd2Wfx7uKPbzpD4nXjDeployer Sub Wallet 1928-02-2025 18:30:110,10$83.829,00$0,00$83.829,00
6nKVYd3U3XphTDXhRmKtEnMbbP3uKiFvc54rXdc3uiDJDeployer Sub Wallet 2028-02-2025 19:53:20015.000.000$0,00$0,00$0,00
Cnu8GpwwwafCshHZkiGpgM3FKEW6yiEddXcp29VtHn77Deployer Sub Wallet 2128-02-2025 4:19:5400$0,00$0,00$0,00
DHjMu8nLzpWKYJhxaTvJethRMpoAg7kGRzPAsGdoB3NJDeployer Sub Wallet 2228-02-2025 4:24:16011.000.000$0,00$0,00$0,00
3F1hfZrV8NSZg2fJU9KwEe6PpRtVxzBXzsG8QdBkQ1kTDeployer Sub Wallet 2328-02-2025 19:33:1909.670.000$7.549,00$818,00$8.367,00
2phnyjf34WrjeniPND8BZ2jUdverw9Tf26Q2YDNCSLXmDeployer Sub Wallet 2406-02-2025 19:44:50010.000.000$0,00$0,00$0,00
7inVeShbwxrrd5ABSELc8cGnk3FPL1eNXTq2Gt5gCbd1Deployer Sub Wallet 2528-02-2025 18:28:370,10$0,00$0,00$0,00
8A9y7uPbqdbYPV2cEVDuc6YjkTNXX9LjKjVpMPqDgC6YDeployer Sub Wallet 2627-02-2025 21:14:0700$44.281,00$0,00$44.281,00
44qV7HUcwvyhrkVaiKPRaLnJj7VtbC3SRyBQNjRGX8YhDeployer Sub Wallet 2728-02-2025 17:53:1505.000.000$0,00$0,00$0,00
5bucYz8myutcFBXUwUwKPSDULDPSy3Sc7EK9juxiGSgBDeployer Sub Wallet 2828-02-2025 19:14:520,20$68.237,00$99.975,00$168.000,00
7Ta1ga6KT5vCfPL4r7pdhZ6EDELb7MvzSSnNfWCbseiCDeployer Sub Wallet 2928-02-2025 18:31:020,0424.570.000$8.692,00$0,00$8.692,00
EjoB7agxNM83pkrVkKaEFEfxK4rrFndzdP1nJBTA9sxcDeployer Sub Wallet 3028-02-2025 4:19:2310$0,00$0,00$0,00
BvuV5ESxMmZMbRi3rGenSkDAN3j2UrEjLbXj5t4GDQAEInsider wallet 327-02-2025 10:58:450,565.090.000$0,00$34.608,00$0,00
A8TaPZZcoGVseZ5EYVSo1C2kq67pikE4i8jSLnR5wMZrInsider wallet 427-02-2025 9:03:3100$0,00$0,00$0,00
G4f6f1UguquaJ7NQhsSckyy7iFg1KiusdZbqrvfswCNbSmall wallet 104-03-2025 11:03:370573$0,00$14,00$0,00
BT23YGxByoXtRrTVVvBJDSPSf5bjacLnZM8KWKVWDh3fHolding Wallet 128-02-2025 19:09:230,0525.000.000$0,00$0,00$0,00
HJJJraKM6X4Xoj1YJJ83x67KNGdkn9MEh3QqcG3C1irZHolding Wallet 228-02-2025 19:09:440,0525.000.000$0,00$0,00$0,00
4KCEkGdVQNEYeXAgHWqSMXTtxbdQDRUECAEf6B7CgfsGHolding Wallet 310-03-2025 15:30:23019.500.000$0,00$0,00$0,00
DhSoKjSYE2YfZcNXAnxD5BHJV41QjS1RcywbxVTVkuMKHolding Wallet 406-03-2025 14:19:3630,7314.000.000$0,00$0,00$0,00
3urn4mgUZqTwy6FcvFnQQgbd2wKChjLCjxDxAny6Cz1MHolding Wallet 528-02-2025 7:40:1101.000.000$0,00$0,00$0,00
9oBPWfdfm9knuKazgfXywSq4YCKhm4kSN7b2CX7sgn4CHolding Wallet 611-03-2025 22:30:400,028.750.000$12.945,00$6,00$12.950,00
69YQgF2mhpfjfxVVCnxyUAEmhEopyLBo4UnVqJV24jFaAccumulation wallet 112-03-2025 21:27:020381.190$0,00$68.750,00$5.260,00
5nwQpcVA6rwZREkcuHT9f8ctDKASN6TLvUnSoAM9ZRZpMini SOL funded Wallet 130-01-2025 13:21:050,860$0,00$0,00$0,00
HoUQX2DvFMqGs6bQQVhmAYFwUDr4K2vRL8VaH4R89u9UMini SOL funded Wallet 210-03-2025 10:07:48040.890$0,00$632,00$0,00
67nCgRsBckLxaSApdEuB84NdDJMLe7xermeRqduCHruhSmall MAG Co-Funder26-02-2025 18:45:0500$0,00$0,00$0,00
5xvRBSGJ6EqUN21WxfDyuQ3VYHkSWN4EheJ8ttPg4o6hToken Deployer27-02-2025 20:12:140,630.000.000$0,00$0,00$0,00
9xy3cQqAgSV2hwXjSes2thpQUoQpFQguW3YQT6xFBc8BMain Funder wallet21-01-2025 6:35:4800$150.853,00$438.022,00$588.875,00
3SXgGeNyxSnACvoUoM3vJFAiErmgkAiso1fNsMLEWa9NMain Funder Subwallet 105-04-2025 21:37:2201.490$14.096,00$43.728,00$57.824,00
6sgUkpmQTqyZRboDdkZUkGuPSGkRs7RNQPMdk9CkHBLdMain Funder Subwallet 226-03-2025 21:51:5001.130−$56,00$3.960,00$3.903,00
2RJxJPUp2p6KvhYHhrLS5phH6EyxvpvpbdKXuvbHyWFUMain Funder Subwallet 326-03-2025 21:49:110925$14,00$1.058,00$1.071,00
CAUMSozNtMjd4Duga46MbUka7ejevA2GJYdwWHbu5FPaMain Funder Subwallet 403-03-2025 15:21:2600−$1.014,00$1.364,00$175,00
CRfXdN5MNd2kBRaeqfSEJgcuv7awvChiVoJeFFBbH73HMain Funder Subwallet 502-03-2025 12:23:1400$2.109,00$386,00$2.495,00
xM1oPhvejeu7Ls29dBaXwCRKvRkjTejBgS14Xe61246Main Funder Subwallet 628-02-2025 15:33:260,03200.097$17.115,00$8.514,00$25.629,00
HBntrUM8BwncX3XRtGi9LuqesjgJgRQm6yiqsNs5s7EWMain Funder Subwallet 727-03-2025 8:07:2000−$208,00$1.944,00$1.735,00
CfUQYXHLPF6d4hgZ273Qft8bfbyjzFGb1EGAa8tLL6veMain Funder Subwallet 810-04-2025 19:32:2600$1.959,00$0,00$1.959,00
## Update 17.4.2025 Using the collected wallet data, we created a plot comparing the sell volume of internal wallets against the token's price. This helped us investigate whether internal selling activity was correlated with the token's price dumps events. Let’s begin by analyzing the price dump that occurred on April 2nd, 2025:

2.4.2025 MAG dump

Dump on 16.4.2025:

16.4.2025 MAG dump