# Welcome to Blokiments Blokiments is a blockchain intelligence and research platform focused on crypto investigations, due diligence, and practical on-chain analysis. We help funds, investigators, legal teams, researchers, and builders turn raw blockchain activity into **clear, usable answers**. Our work combines token analysis experience, wallet intelligence workflows, scam-pattern research, and custom blockchain data tooling into outputs that support real decisions and real investigations. This documentation is the home for Blokiments guides, tools, research workflows, and report references. ## Who we are Blokiments was built from years of experience working on tools for analyzing new tokens, tracking wallet behavior, identifying suspicious patterns, and making blockchain data easier to use. What started as a product for crypto market participants evolved into a broader intelligence and research platform. Over time, it became clear that the most valuable work was not just filtering tokens or tracking wallets, but helping people understand **what is happening on-chain, why it matters, and what should be looked at next**. Today, Blokiments is focused on delivering practical blockchain intelligence in formats that are useful for: * investigations * due diligence * internal research * custom data workflows * lightweight intelligence tooling ## Our Mission > We turn on-chain activity into usable answers. Our mission is to make blockchain activity easier to investigate, assess, and explain. We believe on-chain data is powerful, but often too noisy, fragmented, and technical for people who need to act on it. Blokiments exists to reduce that friction by turning complex activity into structured findings, readable outputs, and practical workflows. ## Our Vision > Our vision is to build a trusted blockchain intelligence layer for people who need more than raw explorer data and less than oversized enterprise platforms. We want Blokiments to become a practical resource for: * investigating suspicious wallets and flows * assessing tokens, deployers, and counterparties * building small but useful blockchain data workflows * producing reports and tools that support real-world decisions Over time, we aim to combine: * useful free tools * practical educational content * custom intelligence work * focused APIs and data products into one ecosystem that helps serious users work more effectively with on-chain information. ## What we do Blokiments focuses on three core areas. #### 1. Investigations We help analyze suspicious wallet activity, trace fund flows, map counterparties, and structure findings into usable outputs. This can include: * wallet tracing * transaction flow review * counterparty mapping * incident summaries * readable investigation deliverables #### 2. Due diligence We help assess tokens, deployers, wallet clusters, liquidity structure, and related activity before decisions are made. This can include: * token risk review * deployer history checks * holder and liquidity analysis * related wallet research * counterparty intelligence #### 3. Custom data & workflows We build lightweight blockchain data outputs for teams that need something practical without building a full internal system. This can include: * custom exports * watchlists and monitoring * address labels * small APIs * internal research workflows ## Our approach Blokiments is built around a few simple principles: * **Practical over theoretical**: We focus on outputs that can actually be used in research, decision-making, and investigative work. * **Clear over noisy**: We prefer structured findings and readable deliverables over overwhelming dashboards. * **Focused over bloated:** We would rather solve specific problems well than build large systems without proven demand. * **Evolving through real use:** We improve our tools, workflows, and outputs based on real research needs and real user problems. {% hint style="info" %} **Whether you are investigating a wallet, assessing a token, or building a lightweight intelligence workflow, Blokiments is here to help you move from raw blockchain data to practical insight.** {% endhint %} # Recognition & validation Blokiments publishes public investigations, due-diligence research, and on-chain analysis designed to surface meaningful risk signals early. This page collects examples where our public work, findings, or investigation methods were later validated, referenced, or reinforced by broader industry attention. ## WhiteRock Finance investigation referenced in later ZachXBT coverage In June 2025, Blokiments published an in-depth investigation into WhiteRock Finance after reviewing the project between June 5 and June 13, 2025. The report highlighted multiple red flags, including unverifiable partnership claims, a 9-day unnoticed outage of the project’s core product, proxy-based token contracts, concerns around USDX backing, and a mismatch between the public narrative and observed platform usage. Later, public scrutiny around WhiteRock intensified as ZachXBT raised concerns about possible links between WhiteRock and the ZKasino scam. CryptoSlate’s reporting on that development explicitly stated that “ZachXBT and Blokiments revealed on-chain data and potential personal links connecting both projects.”
This is an early example of Blokiments publishing meaningful public risk research before a project was more broadly exposed. **Why this matters:** * Blokiments published its findings before wider public exposure. * The investigation focused on concrete on-chain and project-level red flags. * Later reporting connected Blokiments’ work to broader scrutiny of the project. **References:** * [ZachXBT Whiterock Thread](https://x.com/zachxbt/status/1934616651087102382) * [WhiteRock Finance investigation by Blokiments](https://docs.blokiments.com/investigations/in-depth-whiterock-finance) * [CryptoSlate coverage of ZachXBT’s WhiteRock / ZKasino warning](https://cryptoslate.com/zachxbt-warns-suspected-zkasino-fraudster-may-be-linked-to-new-crypto-venture-whiterock/?utm_source=chatgpt.com) ## Notes Public inv~~e~~stigations are based on the information and on-chain evidence available at the time of review. This page documents cases where Blokiments’ public research surfaced meaningful concerns early or was later reinforced by broader reporting. # Start here A great place to start your Blokiments journey! ## 1. Stay up to date * Follow us on Twitter (X) to get the last updates: * Join our Telegram announcements channel: * Join our Telegram community group to ask questions, share insights, and connect with like-minded individuals: ## 2. Create an account Register at to get full access for free! ## 3. Learn the basics and check some crypto tips {% hint style="warning" %} You can be as safe as you like, but apeing early always involves the risk that a project will fail. {% endhint %} Cryptocurrency trading can be exciting, but **beginners** must first learn the basics to navigate the market safely. Understanding key concepts and common scams will help you make informed decisions and avoid costly mistakes. {% content-ref url="/pages/r4H5xcGDWYDpzhtl3TV7" %} [Crypto Security Tips](/start-here/crypto-security-tips) {% endcontent-ref %} {% content-ref url="/pages/5h1gvJAQPOJAROt0bOgg" %} [Essential Checklist Before Buying Any Crypto Token](/start-here/essential-checklist-before-buying-any-crypto-token) {% endcontent-ref %} ## 4. Learn to build your first advanced signal bot Building a profitable signal bot is one of the toughest challenges in crypto trading, but that’s exactly where the Blokiments app makes it easier and more effective. {% content-ref url="/pages/FYupnJfLPJ7F2I7o7HPV" %} [Build your first advanced signal bot](/start-here/build-your-first-advanced-signal-bot) {% endcontent-ref %} ## 5. Chek the detailed app user guide Learn the more advanced features and become an expert.
Discovery Hub/pages/6QiFoyiFQD9SVF6IVh65
Filters/pages/dCjUTcwsfqWJ2iKPXV5C
Influencers tracker & analysis/pages/4FEfmg2Dw1kDA1BDcO37
Smart Money/pages/U6CNLkzomHp0pI0zAj1W
Telegram bot/pages/BiDf5hXJu6hPHu7LqOWc
Scammers (coming soon)
{% content-ref url="/pages/qVEVcGWvjgE9oBVvnE2I" %} [Blog](/guides/blog) {% endcontent-ref %} ## 6. You need help? Check the [FAQ section](/frequently-asked-questions) or ask a question in the [community group](< https://t.me/blokiments_public>). We are glad to help! Let's the Blokiment's journey begin. # Build your first advanced signal bot Building a profitable signal bot is one of the toughest challenges in crypto trading — but that’s exactly where the Blokiments app comes in to make it easier and more effective. {% hint style="danger" %} Before trading any token, you should be aware of many scams. {% endhint %} Blokiments provides intuitive yet powerful filters designed to help you craft high-performing strategies—we call them "strategies," but their ultimate purpose is to **serve as signals for your trades**. In this step-by-step tutorial, we'll guide you through the entire process. The full guide is available here, though we recommend completing this tutorial before diving into the full version. {% content-ref url="/pages/6mF3MdZv030w7SkhUEHw" %} [Strategies](/features/strategies) {% endcontent-ref %} ## Step 0: Create a Blokiments account To use this feature, you must create a Blokiments account—it’s free. **You can** [**sign up here**](https://blokiments.com/register)**.** ## Step 1: Select the filters for your signals Open the main [Blokiments dashboard](https://blokiments.com/discoveryHub) (we will call it Discovery Hub from now on) and choose the pro mode in the right corner.

Disccovery Hub

After switching to Pro Mode, clear any currently selected filters—now you're ready to start building your signal strategy. Your screen should look something like this:

The dashboard after cleaning the filters.

This page gives you access to over [70 filters](/features/discovery-hub/filters-guide) across various categories, allowing you to craft highly targeted trading signals. Let’s walk through an example using the **Solana** network (one of our [supported networks](/roadmap-and-releases/supported-networks)). We’ll apply the following filters to identify tokens that meet specific criteria: * Minimum **$30,000 in liquidity** * **Market cap** over **$500,000** * At least **two smart money wallets** interacting with the token in the past 24 hours *(learn more about how we classify smart money wallets* [*here*](/features/smart-money-analysis#how-do-we-calculate-smart-money-wallets)*)* * A **total smart money volume** of more than **$2,000** * At least **1 KOL wallet** is buying the token * The token should be **mentioned in at least one calling group** * Finally, we’ll **sort results by token creation time (ascending)** to be alerted in real time as new tokens match these criteria. {% hint style="warning" %} This setup is just an example to demonstrate our system's flexibility and potential. Feel free to customize the filters to suit your trading strategy and preferences. {% endhint %}

A filter setup example.

Now we’re ready to click the **Apply Filters** button. This will display tokens that currently match your selected criteria. If no results appear, don’t worry—it simply means no tokens meet your conditions at the moment. Depending on the specificity or broadness of your settings, new tokens matching your filters may appear.

Apply the filters.

Clicking on a token reveals detailed information, but this is just the beginning of what the Blokiments app can do. ## Step 2: Save the strategy for later reference In the next step, we’ll save the strategy by clicking the **save icon** located in the top-right corner of the filter configuration panel.

Saving the strategy.

A new pop-up will appear, allowing you to name your signal strategy. You can also add an optional short description to help you remember the filter setup and the reasons behind your choices. Once you're done, click **Create** to save it.

Save the strategy

## Step 3: Get the signals in real-time The final step in this tutorial is to enable **real-time notifications** for when a new token matches your filter criteria. {% hint style="info" %} Note: “New” doesn’t always mean newly created—it refers to any token that wasn’t in the selection at the time of strategy creation but now appears based on your sorting column (e.g., token creation time). {% endhint %} You can choose to receive notifications via **Telegram, Discord, or Webhooks**. To set this up, click the **bell icon** located in the top-right corner of the filter configuration panel.

Click the bell icon.

A new window will pop up, allowing you to choose the destination for your alerts. An alert destination is a specific Telegram group, channel, or Discord channel you’ve set up. You can reuse this destination for multiple alerts across the Blokiments platform. {% hint style="info" %} If you’ve already created an alert destination, select your preferred option from the dropdown menu, click **Create**, and you’re all set. {% endhint %} Click `Add new destination`:
Let’s create a simple Telegram alert destination using the **Blokiments Notification Bot**. [Follow the tutorial](/features/alerts/telegram-alerts#use-blokiments-alerts-bot-directly) to add the destination to your account and receive alerts directly in Telegram. {% content-ref url="/pages/kJlyuOmmKDH7u47N6JgC" %} [Telegram Alerts](/features/alerts/telegram-alerts) {% endcontent-ref %} When done, click the **Create** button.

Select the destination you created.

That’s it! Now you can sit back and wait for your first signal. But your strategy offers even more powerful features, such as: * **Tracking the performance** of tokens found by the strategy * **Exporting results** to CSV, JSON, or Excel for deeper analysis * **Sharing your strategy** with the Blokiments community Want to explore these features? [Learn more here](/features/strategies). # Crypto Security Tips Before trading any token, you should be aware of the great amount of scams. Watch videos about common crypto scams and how to spot them to stay even safer: * [How to Spot & Avoid Crypto Scams in 2025!](https://www.youtube.com/watch?v=kEAH-5nus5A) * [Don't Fall For These SCAMS: Worst Mistakes To Make in 2025!!](https://www.youtube.com/watch?v=g-TJW4Cr4QM) General tips: * **Do Your Own Research (DYOR)** – Always verify the legitimacy of a project, token, or platform before investing. Don’t rely solely on social media hype. * **Beware of "Too Good to Be True" Offers** – If someone promises guaranteed high returns with no risk, it’s likely a scam. * **Be Cautious with Social Media and Messaging Apps** – Scammers often impersonate influencers, project founders, or support teams to trick users. Always verify identities through official channels. * **Avoid Unverified Airdrops and Giveaways** – Many fake giveaways ask you to send crypto first or provide sensitive information. ## General tips Cryptocurrency offers a new frontier for finance, but with this exciting opportunity comes the need for heightened security measures. As more people enter the crypto space, staying vigilant and protecting your digital assets from potential threats is crucial. Below are essential tips to help secure your cryptocurrency, whether you’re a seasoned investor or just starting out. ### Use a Cold Wallet One of the most effective ways to protect your cryptocurrency is by s**toring it in a cold wallet**. Cold wallets, also known as hardware wallets, are physical devices that store your private keys offline, away from the internet. This significantly reduces the risk of hacking, phishing, and other online attacks that target your digital assets. Unlike hot wallets, which are connected to the internet and thus more vulnerable, cold wallets provide an extra layer of security. Even if your computer or mobile device is compromised, your assets remain safe as they are stored offline. When choosing a cold wallet, opt for reputable brands like Ledger or Trezor, and always purchase directly from the manufacturer to avoid tampered devices. ### Revoke Approvals Regularly When you interact with decentralized applications (dApps), you often give them permission to access your cryptocurrency or perform certain actions on your behalf. Over time, these approvals can accumulate, potentially leaving your assets vulnerable to misuse if the dApp is compromised or malicious. To mitigate this risk, it’s important to regularly review and revoke unnecessary approvals. Tools like [Etherscan’s Token Approval Checker](https://etherscan.io/tokenapprovalchecker) or [Unrekt](https://app.unrekt.net/) allow you to see which dApps have access to your tokens and revoke permissions as needed. Regularly auditing your approvals ensures that only trusted applications have access to your funds, reducing the risk of unauthorized transactions. ### Check Social Media Accounts Before Using dApps and buying tokens The crypto space is rife with scams, many of which originate from fake social media accounts posing as legitimate projects or influencers. Before using any dApp or participating in a new project, verifying the authenticity of their social media presence is crucial. Start by checking the project's official website and following links to its social media accounts. Look for verified badges, consistent messaging, and engagement that aligns with the project's scale. Be wary of accounts with limited followers, recent creation dates, or generic content, as these are often signs of fake accounts. Additionally, join reputable community channels like Discord or Telegram to gather insights from other users. ### Use Multiple Wallets Diversifying your cryptocurrency across multiple wallets is a simple yet effective way to enhance security. By spreading your assets across different wallets, you reduce the risk of losing everything in the event of a single wallet being compromised. Consider using separate wallets for different purposes—such as one for long-term storage, one for regular transactions, and another for interacting with dApps. This way, even if one wallet is breached, the impact on your overall holdings is minimized. Remember to securely back up each wallet’s private keys and recovery phrases in separate, secure locations. ### Check URLs Twice Phishing attacks are a common method used by cybercriminals to steal cryptocurrency. These attacks often involve creating fake websites that mimic legitimate ones, tricking users into entering their private keys or seed phrases. To protect yourself, always double-check the URL before entering any sensitive information. Look for small inconsistencies in the web address, such as missing letters, added numbers, or incorrect domain extensions. It's also a good practice to bookmark important crypto websites, such as exchanges or wallet providers, to avoid mistyping URLs in the future. Additionally, consider using browser extensions or tools that warn you if you’re about to visit a potentially malicious site. ## How to Avoid Crypto Scams: A Comprehensive Checklist {% hint style="warning" %} Always remember to evaluate the product, research the team, and scrutinize the project’s activity and tokenomics. In the world of crypto, caution is not just advised—it’s essential. {% endhint %} Cryptocurrency has attracted millions of people with promises of high returns and financial freedom. However, the crypto space is also riddled with scams, with a significant number of investors falling victim at least once. Understanding how to identify and avoid these scams is crucial. Here’s a comprehensive checklist to help you determine whether you’re investing in a legitimate project or a scam, applicable to both released projects and presales. ### Evaluate the Working Product The most crucial aspect of any crypto project is whether it has a working product. Scammers often make grand claims about revolutionizing the industry but offer little to no proof. Be skeptical of flashy trailers or polished websites—they can be created with minimal investment. Instead, look for tangible proof such as alpha or beta versions of the product. While the product may not be fully completed, credible projects will at least provide early versions for you to test. ### **Analyze Release Activity** Legitimate projects typically have a long history of development and engagement before launching a token. Investigate how long the project has been active, especially on social media platforms like Twitter. Consider this a red flag if a project’s online presence is relatively new or suddenly bursts into activity right before a token launch. Also, be cautious of fake “long-running” accounts. A Twitter account created years ago may seem trustworthy, but it could still be a scam if the project-related posts only began recently. Always scrutinize the tweet history to verify the account’s authenticity. ### Research the Team The team behind a project plays a critical role in its credibility. While there are successful projects with anonymous (undoxxed) teams, these are relatively rare. Most legitimate projects have publicly known (doxxed) teams. If the team is undoxxed, it doesn’t automatically mean the project is a scam, but it should raise your level of caution. Additionally, consider the team’s qualifications. Are they industry professionals with relevant experience or unknown figures with questionable backgrounds? ### Beware of Unrealistic Expectations Scams often use aggressive marketing and make unrealistic promises to lure in investors. Phrases like “The only time to get it cheap!” or “Making money starts here!” are common in fraudulent projects. Use your common sense and be wary of any project that seems too good to be true. Legitimate projects will focus more on the product and its potential rather than making exaggerated claims about returns. ### Check the Contribution Cap A legitimate project aims to distribute investment among as many individuals as possible to ensure broad support and stability. Scams, on the other hand, are more interested in collecting as much money as possible, with no intention of delivering on their promises. Be suspicious of projects with no contribution cap or extremely high individual caps, as these indicate a potential scam. ### Verify Liquidity Lock Before investing, wait for the project to lock its liquidity pool (LP) tokens. This step is crucial in preventing a rug pull, where the developers drain the liquidity pool, leaving investors with worthless tokens. Verify both the percentage of tokens locked and the duration of the lock. If these details are unavailable or seem insufficient, consider them a major red flag. ### Review the Smart Contract A smart contract is the backbone of any crypto project. If the contract is not verified (i.e., its code is not readable and accessible via a recognized explorer like Etherscan), you’re essentially investing blind. Unverified contracts can hide malicious code that can be used to scam investors. If possible, have a trusted developer review the smart contract to ensure it’s free of vulnerabilities or scammy elements. ### Examine Token Allocations Token distribution is another area where scams often reveal themselves. If a significant percentage of the circulating supply is allocated to specific wallets before or after launch, and these allocations are not locked or vested, the price is likely to suffer once those tokens are dumped on the market. Often, project owners justify these allocations by citing private sales or influencer payments, but both are red flags that require careful scrutiny. ### Don’t Follow the Crowd Blindly Finally, avoid the herd mentality. In the frenzy of a token launch, it’s easy to get swept up in the hype, especially when others are encouraging you to buy in. Remember, many of these people have a financial incentive to boost the token’s price so they can sell at a profit. Do your own research (DYOR) and make informed decisions rather than following the crowd. Caution and hesitation can be your best tools for avoiding losses. # Essential Checklist Before Buying Any Crypto Token Performing thorough checks to minimize risks before investing in crypto tokens is crucial. Follow this step-by-step guide to understand the key factors you should evaluate. y following this checklist, you can make more informed decisions and reduce the risks of buying any crypto token. We will explain how our advanced filtering can help you in any step of the journey. The checks are divided into three categories: * **MUST (Essential Checks):** These are non-negotiable checks that every investor should perform before buying any crypto token. * **SHOULD (Recommended Checks):** These checks add another layer of security and insight. You could skip these steps if you understand what you are doing and the reason behind it. * **COULD (Additional Checks):** These evaluations can give you deeper insights but are not always necessary. But they can help you find a project that will give you a better result in the long run. ## Security
MUST: The project’s smart contract is open-source (verified) A smart contract is the backbone of any crypto token, dictating how the token operates on the blockchain. For a project to be considered trustworthy, its smart contract code should be open-source and publicly available for review. It would be best never to buy a token for which the code is not verified. In such a way, a scammer could easily insert a vulnerability in the contract without anyone knowing until using it. How to check it: * Use our [**Is Contract Verified**](/features/discovery-hub/filters-guide/security-filters#is-contract-verified) filter and set it to True. * Go to the Block Explorer token page, search the Contract Tab, and look for the green checkmark and the ✅ **Contract Source Code Verified** text**.**
MUST: Check if the token is not a honeypot A honeypot is a deceptive smart contract designed to attract investors but prevents them from selling their tokens, effectively trapping their funds. This scam can be identified by analyzing the smart contract code or using specialized tools that simulate buy and sell transactions. Our advanced filtering tries to remove any honeypots from the filter results automatically. But always double-check it on a honeypot checker page like: * [GoPlus](https://gopluslabs.io/token-security) * [Honeypot.is](https://honeypot.is/) * [QuillCheck](https://check.quillai.network/)
MUST: Check taxes (sell/buy tax) are lower than 10% Some tokens implement taxes on buying and selling to fund various project activities such as development, marketing, or rewards to holders. However, excessive taxes can be a red flag, as they could indicate an unsustainable project model or exploitative intentions. A reasonable tax rate is generally below 10%, allowing you to participate in the project without losing a significant portion of your investment. Use our Sell Tax and Buy Tax filters to limit a tax for a project you search for.
SHOULD : Check if token contract ownership was renounced Renouncing a smart contract means the creator will no longer control it, making it trustless and transparent. This gives investors a sense of security, knowing that their investment is secure and not subject to manipulation by the contract creator. One of the main benefits of renouncing smart contracts is increased security. **It is also important to note that scammers will put code into contracts that allow them to perform certain actions even when the contract is renounced!** Reasons Why Ownership Renouncement is Not a "MUST": * Flexibility for Upgrades and Improvements * Transparent and Trusted Teams * Security and Emergency Response When Ownership Renouncement Becomes More Critical: * Anonymous Teams * No Need for Future Upgrades * High-Risk Tokens (especially new meme tokens without doxed teams and any utility) How to check it: * Use our [Ownership Renounced](/features/discovery-hub/filters-guide/security-filters#ownership-renounced) filter and set it to True. * Under the token security tab, check for the contract Remounced field.
SHOULD : Check for Audits Ensure that a reputable security firm has audited the token’s smart contract. Audits are comprehensive evaluations conducted by independent third-party firms to scrutinize a project’s smart contract code and overall security practices. These evaluations aim to identify potential vulnerabilities, bugs, or malicious code that could pose a risk to investors. ⓘ We don't currently support filtering if a project has done an audit, but the feature is planned for the future.
## Community
MUST: Is there a real and large community? **Importance of Community Strength:** Community strength is one of the most critical factors in the success of any crypto project. A vibrant, engaged, supportive community can drive token adoption, create hype, and sustain rallies even in challenging market conditions.\ \ Assessing community strength requires diving into their Telegram or Discord and gauging Twitter engagement. **What to Look For:** * **Genuine Interactions:** Beware of channels with artificially inflated member counts. Look for genuine interactions rather than memes, spam, or repetitive price hype. Bots and fake accounts can easily inflate the numbers without adding real value. * Quality of Discussions * Number of Active Users * Organic Growth
MUST: Is community engagement high (Telegram, Twitter, Discord)? Assessing community strength requires more than just examining the number of followers on social media platforms; it involves examining the core of the community’s engagement, sentiment, and activity. **What to Look For:** * **Engagement Over Followers:** A large follower count doesn’t necessarily mean a strong community. Focus on engagement metrics such as likes, retweets, comments, and quote tweets. Consistent, high engagement indicates active interest and support. * Quality of Engagement * Frequency of Discussions * Active Participation in Events and AMAs * Engagement with Official Updates
SHOULD : Does the community seem content and robust? A strong and satisfied community is one of the clearest indicators of a project's health and potential for long-term success. **What to Look For:** * Support for New Members * High Level of Participation * Positive and Constructive Dialogue * **Community-Led Content:** Check if the community is creating content such as fan art, memes, analysis threads, or sharing personal stories related to the project. Organic content generation is a strong indicator of community strength and enthusiasm. * **Influencer Participation:** Look for known crypto influencers or respected figures engaging with the project’s posts. Influencer involvement often brings additional credibility and helps amplify the project’s reach. * **Sentiment Analysis:** Use sentiment analysis tools to gauge overall community sentiment on social media platforms. This can help you assess whether the general mood is optimistic, neutral, or negative.
SHOULD : Are the community moderators active and responsive? Active and responsive community moderators are key in maintaining a positive, organized, and informed environment within the project’s communication channels (e.g., Telegram, Discord, Reddit). Moderators often bridge the project’s team and its community, providing essential updates, answering questions, and resolving issues. This check ensures proper oversight and guidance in the community, significantly enhancing trust and engagement. **What to Look For:** * Availability and Responsiveness * Transparency and Clarity * Proactive Engagement * Conflict and FUD Management
SHOULD : Is there open communication with the community? Open communication between the project team and the community is critical to building trust, transparency, and long-term engagement. Open lines of communication mean that the project’s developers and leaders consistently provide updates, address concerns, and share their plans with the community. This transparency reassures investors and community members that they are informed and can make decisions based on accurate and up-to-date information. **What to Look For:** * Regular Updates * Direct Access to the Team * Timely Responses to Concerns * Openness During AMAs and Public Events * Roadmap and Vision Updates * Clear Communication Channels
COULD: Are marketing practices ethical? Evaluating the ethics of a project’s marketing practices is an additional step to help you identify whether the project is genuinely focused on long-term success or simply trying to pump its token price through hype and misleading tactics. Ethical marketing involves honest communication, transparent advertising, and the absence of deceptive or manipulative strategies to exploit investors' emotions, such as fear of missing out (FOMO). While this check is not mandatory, it can provide deeper insights into the project’s integrity and potential for sustained growth. **What to Look For:** * Honest and Transparent Messaging * Avoiding FOMO-Driven (Fear of Missing Out) Tactics: Phrases like “Get in before it’s too late!” or “Don’t miss out on 100x gains!” are red flags. * Transparency About Partnerships and Endorsements * Engagement vs. Hype**:** Ethical projects focus on genuine community engagement rather than creating artificial hype. * Legitimate Advertising Channels * Educational Marketing
## Trading activity
MUST: Are there strange Price Candles? Sometimes, scams can be identified simply by examining the price chart. Check the token's price action across multiple timeframes. If you notice unnatural patterns — like repeated sharp spikes or a price that only ever moves up with no real pullbacks — that’s a major red flag. These kinds of movements often indicate manipulation, and they’re common in scam tokens. It's a simple check, but a very important one. Some examples: ![](/files/LbxiebtryZylOqyyYLH7)![](/files/e1ulDbmB8zZU14VyQS3D)![](/files/ayOlIa4Ngikuqq9YnCEc)![](/files/9Aew3UkxRZaALgbpFz7I)
MUST: Identify Bot Activity or Fake Volume in Token Trading It’s important to verify that a token's traders are legitimate and not bots generating fake volume, especially for newer, less established projects like meme tokens. Token owners can purchase specialized services and programs to artificially inflate metrics such as trading volume, number of transactions, wallet holders, and unique buyers. This creates the illusion of organic interest and activity. Such tactics are particularly common on low-fee blockchains like Solana and Base, where deploying and operating these bots is cheaper. Here are some signs and checks you can use to detect suspicious or manipulated activity: * **Compare Number of Makers to Holders**: If the number of active traders is much higher than the number of token holders, that’s a red flag. It may indicate artificial activity being generated by bots. * **Check Social Activity vs On-Chain Metrics:** Always compare on-chain data to off-chain engagement. If you see thousands of buyers or high transaction volume, but the project’s Twitter, Telegram, or Discord channels are inactive or nearly empty, it’s a strong sign of manipulation. Organic growth usually has visible community engagement. * **Evaluate Transaction Count, Volume, and Liquidity Together**: Do the numbers make sense for the token's size and age? For example, a new token with 100,000 transactions in 24 hours but only $20,000 in liquidity likely indicates fake volume or wash trading. * **Look for Wash Trading Patterns:** * Constant buys and sells with little to no price movement. * Many trades with the same amount (e.g., 0.001 SOL or 0.1 ETH) are often bots. * **Suspicious Growth in Holders:** Rapid growth in holders without corresponding social/community activity is suspicious. Some projects perform airdrops to thousands of wallets to fake widespread adoption and make the token seem more popular than it is. * **New Wallets With No History:** If many wallets interacting with the token were just created and hold no other assets or transaction history, they're likely fake or bot-generated. Our system flags this behavior and triggers warnings when the ratio of suspicious wallets is too high.

Manipulation warning found in our token analyzer.

* **Use Trade Distribution Charts:** Check for suspicious patterns in the Blokiments plot, which shows the number of trades per time interval categorized by trade size. * A healthy trade distribution typically shows a balanced ratio of trade sizes across intervals, with a relatively small number of very small trades (e.g., under $2).
* In contrast, a suspicious or unhealthy distribution may show unnatural patterns, such as repeated spikes, irregular clusters, or unusually high micro-trades, often indicating bot activity or manipulation.
Here is a full post on X with more [examples](https://x.com/blokiments/status/1941590681908101203).
MUST: Does the Token Have Any Sells? It is crucial to verify whether the token has regular selling activity. If a token has little to no selling, it could be a sign of a “honeypot” scam, where the contract only allows buying but prevents selling, trapping investors' funds.\ \ Even if a token shows sell transactions, it could still be part of a honeypot scam if the selling activity is limited to specific "whitelisted" addresses. In such scams, only certain addresses (typically those controlled by the scammers) are allowed to sell the token, while other investors cannot. This gives the illusion of normal market activity but traps the funds of unsuspecting investors.
MUST: Check Number of Unique Buyers and Sellers A healthy balance of unique buyers and sellers indicates genuine interest and participation in the market. If only a small number of addresses are responsible for most transactions, it could signal manipulation or the involvement of bots, leading to a highly unstable market. The concrete minimal number is hard to define, but tokens with less than 100 unique addresses should be avoided for users who are not experienced in what they are doing. A healthy token usually has thousands of unique buyers and sellers.\ \ Also, check for strange patterns, like a token having more than a million buyers and just a thousand sellers. This can be a sign of something being wrong. ![](/files/3QQE7MeOYEmD6pvV3Ee8)
## Tokenomics ## Developers ## Investors ## Competitors ## Value ## Funding ## Team # Research workflows Research workflows for finding profitable tokens using the Blokiments app. Here we’re sharing several workflows to help users discover promising tokens early using the Blokiments app. These guides are designed to teach you more about project research, crypto analytics, on-chain activity, and how to use Blokiments effectively to start developing your profitable strategies. Each workflow focuses on a different aspect of the process. While every trader should eventually build a strategy tailored to their time, goals, and risk tolerance, these examples are a great starting point, especially for newer users. {% hint style="info" %} If you have suggestions for improving these workflows or want to share a successful strategy, let us know, and we’ll consider adding it here. {% endhint %} {% content-ref url="/pages/t0Qib0nQTFZFyo90CMqX" %} [Workflow 1: Smart wallets tracking](/research-workflows/workflow-1-smart-wallets-tracking) {% endcontent-ref %} # Workflow 1: Smart wallets tracking This workflow focuses on how to enter and exit tokens by tracking smart wallets. This is not a direct copy-trading approach. {% hint style="warning" %} The tokens and wallets in this report are for demonstration purposes only and do not constitute financial advice. Always do your analysis before making any investment decisions. {% endhint %} ## Step 1: Identify and select well-performing tokens In this workflow, we’ll find a few-month-old token that has performed well and reached a healthy market cap. These tokens will be our starting point for identifying strong wallets to track. For this example, we’ll focus on Solana tokens, but the same process can be applied to any other chain you prefer. We’ll use the **Blokiments token filtering feature** to find tokens that meet these conditions. The filters are just examples; you can adjust them to fit your strategy and preferences.

Applied filters

You can [try the filter here](https://blokiments.com/s/6de304b8). Sometimes, filters should be adjusted based on current market conditions. After applying them, we get a few results. In this case, we’ll choose the top two tokens: **USDUC** and **Hosico**.

Filter results

To launch the token analyzer, click on the token name or middle-click to open it in a new tab. * [USDUC token analyzer](https://blokiments.com/detailedView/solana?pairAddress=BAX9M9a5FVy5cNiewwnuwkVDzhSg9psZnb4fJ9r677tN#Socials) * [Hosico token analyzer](https://blokiments.com/detailedView/solana?pairAddress=J333LZ5UhEjwxb64dcD756viUFXr164dVNxQpXuMPH9V#Liquidity) {% hint style="info" %} The current version of the Token Analyzer is undergoing a complete UI/UX redesign to make it more user-friendly and visually appealing. The update will also include more data and improved visualizations for a better analysis experience. {% endhint %} With that completed, we're ready to move on to the next step. ## Step 2: Analyze the top traders and largest holders ## Step 3: Choose and review smart wallets worth tracking ## Step 4: Set up alerts to monitor smart wallet activity ## Step 5: Assess the token’s potential and decide when to enter ## Step 6: Exit the position at the right time based on wallet behavior and market signals ## Important tips * Only allocate what you can afford to lose. * Never over-allocate to a single token. Position sizing is critical to avoid losing your entire capital on one trade. * Aim for consistent, steady returns rather than chasing the next 100x token. While getting lucky is possible, it’s rare, and it usually leads to losses. Relying on luck is gambling, not a strategy. Building a repeatable and disciplined approach is what leads to long-term success. # Frequently Asked Questions Explore answers to common questions about Blokiments – your favourite gems finder. ## General Questions
I have no idea how to start. What I should do? You can follow [our step-by-step beginner guide](/start-here/build-your-first-advanced-signal-bot) with great, simple explanations.
Can I make money with the Blokiments tool? **We don't and won’t offer direct buy signals**; we provide user-friendly insights and tools to help you easily develop a profitable strategy based on your research. Learning and using the product daily will uncover great opportunities in the crypto markets. We will be continuously adding more tools and alpha on-chain and off-chain metrics to boost your strategy.
How is Blokiments different from other similar platforms? Blokiments stands out with unique features designed to enhance your experience and protect you from scams. These include: * **Simple to use on-chain and off-chain filters**: All options can be queried in one place. We provide data that is useful for trading altcoins. * **Strategy building with forward testing**: Create and test strategies while generating profit reports. * **Integrated dashboards**: Access shillers and smart money insights all within the platform.
How do I know this tool is for me? You need **good data to become a successful degen** (find 100x opportunities) and maximize profits without spending all day researching. That's where our tool comes in. Anyone can participate in gem hunting. With countless tokens and potential scams, our tool helps you **identify the top 1% of worthwhile tokens**. For those considering early token purchases on-chain or on DEXes, our platform provides security checks and analysis to maximize your profits. You can start with our **free version to get a feel for the tool**. Additionally, take advantage of our first-month discount on the pro versions to see its value. Education is key. We offer guides, learning resources, and a community for your questions. You can also try out strategies in simulation mode to see what works before committing.
## Registration

I don’t like entering details to register. Can I still use the product?

Some features, such as alerts, saving filters, and research notes, require registration to enhance user experience. However, you can create an account using a temporary email to protect your privacy.

Is it worth registering?

Absolutely! By registering, you unlock a range of valuable tools including alerts, saving filters, research notes, watchlists, and profit reports.

Additionally, our referral system offers exciting rewards for inviting friends to join.

Rest assured, we respect your privacy and won't send you any promotional emails or spam. We dislike unnecessary emails just as much as you do.

Is my personal data safe?

Yes, your personal data is safe with us. We comply with GDPR regulations, ensuring your data is protected by law. We only collect your email address and no other personal information.

Still have unanswered questions? Please reach out to or our [Telegram group](https://t.me/blokiments_public). # Roadmap and Releases Discover our roadmap for the Blokiments app. {% content-ref url="/pages/yzhZQjaqHs25CBbMtNS2" %} [Supported Networks](/roadmap-and-releases/supported-networks) {% endcontent-ref %} {% content-ref url="/pages/DIPASKwQpPPnARU3O3cp" %} [Releases](/roadmap-and-releases/releases) {% endcontent-ref %} ## Roadmap Our roadmap isn't just a plan; it's a commitment to continuous improvement. It outlines our platform's strategic development and deployment phases. This roadmap reflects our dedication to staying ahead of the curve and addressing the evolving needs for a great analytics tool. All the time: * **Community Building and Awareness:** Engage with potential users and investors through social media, forums, and blockchain events to build a strong community and raise awareness about the project. * Pursue B2B collaborations and API integrations. * Improve documentation and usage guides. * Write educational tutorials and in-depth articles about crypto topics. ### Q3 2025 (July-September 2025) * **TOP PRIORITY: New advanced token analyzer** * Relatime data with new UX and design * API and Telegram interface for the token analyzer * Add new off-chain social metrics (Twitter account data, Webpage data, Discord data, Categories, CEX listings, Github metrics) * Advanced scammer detection strategies and tracking of bad deployers * Community features (votes, comments) * B2B API endpoints * Cluster Scan integration in the Token analyzer ### Q4 2025 (October-December 2025) * Improve the Suspicious pattern module with advanced bot detection and breakdown. * Advanced inlows dashboard (whales, smart money, KOL, DCA) * Restructure the filtering dashboard * Aggregation per token * Faster data refresh * Add smaller time intervals to the liquidity change and better historical data * Add additional caller features: * Option to export data to JSON, Excel, CSV * Add support for more than 1000+ caller groups * Organizing collers in quality groups * Add additional smart money features: * Add pagination to search results * Option to export data to JSON, Excel, CSV * Add wallet holdings * Add tagged addresses (KOLs) to smart money * Watchlists for saving addresses ### Q1 2026 + (January 2026+) * Blokiments Telegram bot with advanced features (alerting, login, smart money, etc.) * Blokiments trading bot * Add support for new chains based on traction (TON, SUI...) * Narrative tracking dashboard # Releases Stay updated with the latest releases and new features. ### November 2025 * **✨ 7.11.2025 -** Add wallet funding endpoint to Blokiments API. * **✨ 1.11.2025 -** New Telegram Bot with lite token analyzer integration. * **✨ 1.11.2025 -** Launch enterprise Token Analyzer API. ### October 2025 * **✨ 24.10.2025 -** Add new Activity Review module to the token analyzer. * **✨ 15.10.2025 -** Add top holders endpoint to the Blokiments API. * **✨ 14.10.2025 -** Add 2 new wallets endpoints to the Blokiments API (wallet token holdings, wallet swaps per token). * **🚨 1.10.2025 - Fully new token analyzer launch.** ### August 2025 * **✨ 14.8.2025 - Add security, liquidity, and smart money endpoints to Blokiments API.** * **✨ 10.8.2025 -** Fix bugs and minor improvements on the webpage. ### July 2025 * **🚨 20.7.2025 - First beta version for the Cluster Analyzer.** * **✨ 20.7.2025 - Add new welcome page.** * 🔧 10.7.2025 - Fix bugs and optimize the callers' profit reports. * **✨ 10.7.2025 -** Add current price endpoint for any token to Blokiments API. ### June 2025 * **🚨 21.6.2025 - Add wallet manager.** * **✨ 21.6.2025 -** Add new UI for caller analyzer subpage. * **🚨 21.6.2025 - Add Blokiments Pro plans.** * **✨ 18.6.2025 - Add** Meteora DAMM support for Solana. * **✨ 16.6.2025** - Add token data endpoint to Blokiments API. ### May 2025 * **✨ 30.5.2025 -** Add KOLs and whales to Smart money dashboard. * ✨ **25.5.2025 -** Faster token analyzer load, redesign user account page. * **🚨 25.5.2025 - Redesign the callers' dashboard.** * ✨ **12.5.2025** - Fix and optimize security score. * ✨ **8.5.2025** - Add new created token account event for alerts. ### April 2025 * ✨ **30.4.2025** - Add volume and marketcap filtering for smart money alerts. * ✨ **28.4.2025** - Add new type support for wallet alerts (new pairs, liquidity add/remove events, new NFT collection) * ✨ **27.4.2025** - Update website routing for a smoother experience. * ✨ **26.4.2025** - Refactor EVM blockchain parser, lower latency for alerts and data. * ✨ **26.4.2025** - Fix bugs on webpage, redesign of the wallet analyzer. * ✨ **25.4.2025** - Add Movement with period 10, add Bollinger band to Blokiments API metrics endpoint. * 🔍 **15.4.2025** - Add New Wallets Ratio and New Wallets Volume Ratio filters. * 🔍 **8.4.2025** - Add new KOLs filters. * 🔍 **4.4.2025** - Add new Smart Money filters. * ✨ **2.4.2025 - Redesign of the smart money discovery hub.** * **🚨 2.4.2025 - Add option for swapping in the Blokiments app via a LI.FI integration.** * ✨ **1.4.2025 -** Add warnings for detecting fake volume bots. ### March 2025 * 🔧 **31.3.2025 - Data API** improvements and optimizations (faster and more token support). * 🔧 **25.3.2025** - Change the email provider for more reliable email delivery. * ✨ **23.3.2025 - Data API** improvements and launch of the Pro paid option. * ✨ **23.3.2025** - New design for the watchlist dashboard. * 🔧 **23.3.2025 -** Minor system improvements and bug fixes: * Redesign the web app for the login and register pages. * Improve alert messages and add an option to hide wallet addresses in alert messages. * Fix minor webpage bugs, add an option to reorder columns by dragging, and fix redirecting after login. * Improve latency between swaps and alert notifications on Solana. * ✨ **21.3.2025** - Add support for PumpSwap DEX on Solana. * ✨ **16.3.2025** - Improve search to find wallets with only deployed tokens. * ✨ **16.3.2025** - Add Most traded tokens by smart money and Latest whale trades to the smart money dashboard. * ✨ **16.3.2025** - Show the history of all deployed tokens in the wallet analyzer. * ✨ **16.3.2025** - Add new fields to wallet analyzer (Is deployer, liquidity, MC, holders, DEX trades) * ✨ **16.3.2025** - Improve the dashboard for editing active smart money alerts. * 🔧 **14.3.2025** - Improve the logic to classify smart money wallets. * ✨ **11.3.2025 -** Add alerts for newly deployed tokens to the wallet analyzer. * 🔍 **11.3.2025 - New token age filter.** * ✨ **10.3.2025** - Add SquadSwapV2 to BSC. * ✨ **10.3.2025** - Add OHLCVM historical data endpoint to Blokiments API. * 🔧 **9.3.2025** - API improvements and add new fields (token creation datetime, pair creation datetime, volume changes, dex trades changes) * ✨ **1.3.2025** - Add option to download strategies reports (CSV, Excel, JSON) with all data. * ✨ **1.3.2025** - Add option to discovery hub to hide duplicated pools. ### February 2025 * ✨ **27.2.2025 - U**pdate BlokimentsBot to a [Token Security Checker](https://t.me/BlokimentsBot). * ✨ **27.2.2025 -** Update Blokiments API for easier [integration with Google Spreadsheets](/features/blokiments-api/google-sheets-integration). * **🚨 15.2.2025** - Migration of filter configs and alerts to strategies for better user experience. * ✨ **15.2.2025** - New, faster, and better search combining tokens, wallets, and callers. * **🚨 15.2.2025** - Redesign of the discovery hub and strategy dashboard with easier notification setup. * ✨ **6.2.2025** - **Blokiments API improvements:** Add Solana. Tron, Apechain, add multiple new metrics (price changes, holders data...), fixed minor bugs, faster response times. * 🔧 **6.2.2025 - Improve the speed of updating price and market cap metrics** * **🚨 6.2.2025 -** **Solana network fully launched** ### January 2025 * 🔍 **31.1.2025 - New Suspicious Traders Percentage security filter.** * **🚨 31.1.2025 - Add an advanced scammer detection engine and warnings for tokens with a high percentage of suspicious traders.** * ✨ **30.1.2025 -** Add almost real-time detection for new socials * **✨ 30.1.2025 -** Add new external security scam detectors. * ✨ **28.1.2025 -** Add VIRTUAL as a supported quote token for Base pairs * ✨ **26.1.2025 - Restructure metrics and new plots in trading detail view:** * Remove old history plots * Add new volume breakdown by day plot * Add new trade breakdown by day plot * Add the list of top token traders (linkable to smart money to check the full trader statistics) * ✨ 2**6.1.2025** - Dramatically improve the speed of updating transaction metrics * **🚨 26.1.2025** - **Add smaller timeframes (12h, 4h, 1h) for smart money and trading data** * ✨ **25.1.2025 - Improved holder distribution and added support for all networks** * Fix distribution risk calculation, minor bug fixes, and optimizations * Add holders warnings * Remove DEXes holdings in distribution statistics * **🚨 25.1.2025 - Fully restructure the backend parsing and updating system for faster and more reliable data extraction:** * Fix errors in data (wrong socials) and many other bugs. * Better and faster update of social metrics * Fix metrics like whitepaper * Improved security system to remove scams * Improved database indexes and queries * **🚨 25.1.2025 - Add support for Apechain and Tron** * ✨ **20.1.2025 - Add support for new DEXes on Base**: BaseSwapV3, XchangeFactory * 🔧 **20.1.2025 - Backend blockchain data parsers update, optimized to be faster and more reliable** * Fix bug for better rug pull detection for Uniswap V3 * ✨ **7.1.2025 - New Blokiments warning system for each pair** (with severity and details, currently only supported for Solana) * ✨ **6.1.2025 - Add new fields to pair detail view** (smart money, price change, new Solana fields) * Holders metrics * Percentage of supply held by token creator filed * Top 20 Holders List added to detail view * 🔍 **5.1.2025 - New advanced** [**holders filters and metrics**](/features/discovery-hub/filters-guide/trading-filters#holders-filters-and-metrics) (currently only supported for Solana) * Median Holder Rank * Holder HHI Market Concentration * Top 200 Holders Sum (%) * Top 100 Holders Sum (%) * Top 50 Holders Sum (%) * Top 20 Holders Sum (%) * Top 10 Holders Sum (%) * Top 1 Holder Sum (%) * Is Whale Wallet Distribution (new, better redefinition) * ✨ **5.1.2025** - **Some app improvements:** * Fix bugs in the smart money dashboard for Solana * Backend system optimizations ### December 2024 * **🚨 30.12.2024** - Launch early Beta for Solana network ### November 2024 * ✨ **31.11.2024 - Some app improvements:** * Fix minor bugs * Option to change network on the smart money detail view * Add trade ratio and trade breakdown graphs on the smart money detail view * Add the option to add alerts for all chains in smart money * 🔧 **31.11.2024 - Backend system update and optimization** * **🚨 28.11.2024 - Add create API key subpage, an alpha version of the Blokiments API.** * ✨ **15.11.2024 - Shiller app improvements:** * 21 new shillers were added to the tracking database. * **🚨 12.11.2024 - Added Smart Money real-time alerting** (Telegram, Twitter, Webhook) for new trades on subscribed wallets. * **🚨 12.11.2024 - Added Callers real-time alerting** (Telegram, Twitter, Webhook) for new calls on subscribed callers. ### October 2024 * 🔍 **30.10.2024** - **New Filters:** * Total Smart Money Traders * Change in Smart Money Trader * 🐞 **29.10.2024** - Fix bug in strategy token detection if Pair Age filter is included. * 🚨 **20.10.2024 - Improve** [**Smart Money Dashboard**](https://blokiments.com/smartMoney) **with volume and healthy tokens filters.** * Filtering on Volume (USD), Healthy Tokens Ratio \[%], Healthy Tokens Count * Add a search bar for opening a wallet detail view * Add a wallet analyzer (wallet statistics, latest trades, detection of unhealthy traded tokens) - [example](https://blokiments.com/smartMoney/detailedView?smartMoneyAddress=ethereum_0xc05442b2bcc434f0949a1d80b9c7dcb35b2c7ee1) * ✨ **20.10.2024 - Improvements in Blokiments Telegram Bot** (alpha version) ([JOIN HERE](https://t.me/BlokimentsBot)) * Better and faster user flow * Directly search for any token or pair by just pasting the address * ✨ **20.10.2024** **- Many app improvements:** * Strategies sharing links are now much shorter (8 chars) * A username is not needed for registration anymore * Better UX in register validation output * Many small issues and bugs were fixed * Add Aerodrome V3 DEX on Base * ✨ **19.10.2024** **- Call analyser app improvements:** * 52 new shillers were added to the tracking database. * 🔧 **7.10.2024 - Backend improvement:** Security metrics system rebuilt and improved to detect scams better. * 🔧 **7.10.2024 - Backend improvement:** Alerts are checked every 5 minutes, and additional scam protection has been added. * ✨ **2.10.2024** **- Shiller app improvements:** * 25 new shillers were added to the tracking database. * 🔧 **2.10.2024** - **Backend improvement:** Search for token and pair addresses is now much faster. ### September 2024 * 🚨 **29.9.2024 -** [**Smart Money Dashboard**](https://blokiments.com/smartMoney) **with advanced filtering** on the profits of maker addresses. * ✨ **29.9.2024 - More user-friendly Discovery hub simple mode dashboard** * ✨ **27.9.2024** - [**Shiller dashboard**](https://blokiments.com/shillers) **improvements:** * Added shillers latest shilled tokens info. * Add most shilled tokens in selected interval. * 🐞 **27.9.2024 - Fix bug in sending Telegram alerts.** * 🔧 **25.9.2024** - **Backend improvement:** * Price, price change, current market cap, market cap change, total market cap, and total market cap change metrics are now updating near real-time (2-4 minute latency). * ✨ **22.9.2024** **- Shiller app improvements:** * Nine new shillers were added to the tracking database. * Fix bugs in profit calculation. * 🚨 **20.9.2024 - Add support for Ethervista DEX on Arbitrum and Base** * 🔍 **10.9.2024** - **New Filters:** * [Number of Tokens Created by Deployer](/features/discovery-hub/filters-guide/security-filters#number-of-tokens-created-by-deployer) (Filter tracks the total number of tokens created by the same deployer address (the wallet or smart contract that originally launched the token)) * 🚨 **3.9.2024 - Add support for Ethervista DEX on Ethereum** * Official [Twitter account](https://x.com/ethervista), [webapp](https://ethervista.app/) * ✨ **3.9.2024 - Pair detail view improvements:** * Social metrics (new fields): Latest shill timestamp, First shilled by * Social metrics (new fields): [New Twitter account data metrics](broken://pages/SxjjRdMNHmPDXDODkFBx#x-ex-twitter-metrics) * ✨ **3.9.2024 - Shiller detail view improvements:** * Added additional shiller's Twitter account data to the shiller detail view. * Option to show detailed statistics filtered by the network. * ✨ **3.9.2024** - [**Shiller dashboard**](https://blokiments.com/shillers) **improvements:** * Add filtering by network: Show statistics only for calls on a selected network. * Enable main shillers dashboard features for non-registered users. * Added a search bar for shillers by name, link, and handle. * Added ten new shillers to the tracking database. * Added shiller daily activity statistics bar plot. * Added profile pictures for shillers * 🔍 **1.9.2024** - **New Filters:** * [Days Since Latest Shill](/features/discovery-hub/filters-guide/social-filters#days-since-latest-shill) (Number of days since the last shill of the pair) * [First Time Shilled By](/features/discovery-hub/filters-guide/social-filters#first-time-shilled-by) (The name of the influencer (Twitter account, Telegram Channel) that was the first one to shill the token.) * [Total Number of Twitter Posts](/features/discovery-hub/filters-guide/social-filters#total-number-of-twitter-posts) (The total number of Twitter posts of the token official account) * [Has Active Twitter Account](/features/discovery-hub/filters-guide/social-filters#has-an-active-twitter-account) (Whether the official X (Twitter) account is active (it exists, not deleted, not suspended, not temporarily restricted, at least one follower and at least one post)) * 🚨 **1.9.2024 - Blokiments Telegram Bot** in alpha version launched ([JOIN HERE](https://t.me/BlokimentsBot)) * Current features: Default filters, search by token or pool address, feedback, and bug report. * More features and improvements are coming soon. ### August 2024 * Shillers detail view dashboard * Fixed bugs and optimizations under the hood ### July 2024 * Add trending token bar * Webpage optimization and some UI changes (better layout) * Add Shiller Dashboard ### June 2024 * Log In (for saving queries, research notes, and watchlists) * Alerts (Discord, Telegram, Webhook) * Add shillers filters ### May 2024 * Support for Base and BSC * Research notes and watchlists # Supported Networks Supported networks in our app. Currently, we only support the following networks: * Ethereum * Base * BSC * Arbitrum * Solana * Tron * ApeChain * **Planned in the future:** SUI, TON, Aptos, Polygon, Optimism - the priority will be on the future usage of the networks We are working hard to add new networks. Follow us or join our [Telegram announcement channel](https://t.me/blokiments_announcements) to learn when we integrate them.

Selecting a supported network in the Discovery Hub.

## Supported DEXes On each network we support pools on the following DEXes: * **Ethereum**: UniswapV2, UniswapV3, ShibaSwapV2, SushiSwapV2, SushiSwapV3, PancakeSwapV2, PancakeSwapV3, EtherVistaV2 * **Base**: SushiSwapV2, SushiSwapV3, UniswapV2, UniswapV3, PancakeSwapV2, PancakeSwapV3, AerodromeV2, AerodromeV3, BaseSwapV2, BaseSwapV3, RocketSwapV2, EtherVistaV2, X7FinanceV2 * **BSC**: PancakeSwapV2, PancakeSwapV3, UniswapV3, BiSwapV2, UniswapV2 * **Arbitrum**: CamelotV2, CamelotV3, SushiSwapV2, SushiSwapV3, UniswapV2, UniswapV3, PancakeSwapV2, PancakeSwapV3, EtherVistaV2 * **Solana**: Raydium AMM, Raydium CLMM, Raydium CPMM, Meteora DLMM, Meteora AMM, Orca Whirpool, FluxBeam, PumpSwap, Meteora DAMM * **Tron**: SunSwapV2, SunSwapV3 * **ApeChain**: CamelotV2, CamelotV3, DYORSwapV2, SaruV2 {% hint style="warning" %} Pool analytics data on some networks is available only for pools created from a specific date onwards. Data before this date is not available. * Ethereum: **FULL HISTORY** * Base: **from 30.3.2024** * BSC: **from 30.3.2024** * Arbitrum: **from 20.5.2024** * Solana: **from 20.12.2024** * Tron: **from 1.10.2024** * ApeChain: **FULL HISTORY** {% endhint %} # Referral Program Coming soon! # Blokiments Premium Unlock the most advanced features designed for professional traders. The platform's main features are available for free. However, you can upgrade to our Pro or Ultra plans if you need higher limits and access to advanced tools. You can view the full pricing [details here](https://blokiments.com/pricing).

Blokiments plans.

{% hint style="info" %} If you're an early adopter, you'll continue to have free access to all the features in that plan. The early adopter plan includes features and limits similar to the Pro plan. {% endhint %} Currently, Pro and Ultra paid plans are available. You can choose between a monthly or yearly subscription. After selecting a plan and clicking the **Get Now** button, you’ll be redirected to the Stripe dashboard to complete your purchase.
Can I pay in crypto? Yes! If Stripe isn’t supported in your country or you'd prefer to pay with crypto, you can contact us through our [Telegram group](https://t.me/blokiments_public) or email us at ****. We'll provide you with all the necessary information.
Can I earn by bringing new users to the platform? Yes! We offer a referral program that allows influencers to earn USDC payouts by promoting Blokiments. To join, contact us via our [Telegram group](https://t.me/blokiments_public) or at ****. We'll send you all the details you need to get started.
## Why subscribe to a premium plan? You might be wondering why it's worth upgrading to one of our premium plans. Here are the main benefits: * More features and higher limits to build profitable workflows for discovering tokens early. Step-by-step [guides are available to help you get started.](/research-workflows) * Get increased [API access](/features/blokiments-api), which is perfect for automating spreadsheets, tracking token data, and retrieving historical prices. * Unlock [advanced real-time wallet tracking](/features/smart-money-analysis/track-wallets-in-real-time) with custom filters and alert types (e.g., liquidity adds/removals, token or pool creation, NFT activity) sent directly to your Telegram or Discord. * Access the private Blokiments Telegram group for exclusive insights and community discussions. * Create and run [multiple strategies](/features/strategies) (signal bots) using over 80 filters. * Receive additional [Blokiments credits](#what-are-blokiments-credits) to support more intensive jobs and reports. Premium plans are designed to give serious users the tools and flexibility they need to gain an edge. ## What are Blokiments credits? Blokiments credits are a form of in-platform currency used to run advanced tools, reports, and data-heavy features. Some examples of what you can use credits for include: * Create a profit report for tokens found by your strategy – 100 credits * Export data from strategies, wallets, and callers to a file – 200 credits * View top trader profits for a token, aggregated across multiple DEXes – 50 credits * Run deep analysis of top holders and the deployer wallet – 400 credits Each action that requires extra processing power or data usage will consume a certain number of credits. Paid plans include monthly credits, and more can be purchased if needed. {% hint style="info" %} We decided to use Blokiments credits because we want to provide users with the most advanced data and insights. Generating this level of analysis takes time and significant computing resources. We've implemented a credit system to prevent system abuse and keep things fair for everyone. {% endhint %} # In-depth investigation: Blockstreet A comprehensive analysis of the Blockstreet project to identify any potentially suspicious elements. {% hint style="info" %} **The investigation took place between June 28, 2026, and July 17, 2026.** {% endhint %} We received numerous requests to conduct a comprehensive investigation into the Blockstreet project. Many community members have raised concerns, with some alleging it may be a scam. We also received information suggesting that the same team behind **$MIXIE** is involved in operating this project. In this report, we will examine the project in detail, investigate the team behind it, perform an in-depth on-chain analysis, and uncover what is really happening. Our goal is to identify the individuals or entities behind the project and present the findings in a transparent, evidence-based manner. This is a comprehensive report that combines verifiable evidence, on-chain data, and supporting documentation to make the situation clear and easy to understand. ## About the project On **July 14, 2025**, a new project called **Blockstreet** was [officially announced](https://x.com/BlockStreetXYZ/status/1944792041730224460) on **X:**

First post on the official X account.

Here are some official links about the project: * Official website: , * Documentation: * Official X profile: * X Community: * Official Telegram Channel: * Telegram Community: (not active anymore; sending messages is not allowed) * [Coingecko](https://www.coingecko.com/en/coins/block-4?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dmax) Based on its official website and social channels, Blockstreet positions itself as the execution layer designed to accelerate the adoption of the **USD1** stablecoin. The project also claims to be the official **USD1-native launchpad**. In addition, Blockstreet states that it empowers founders, investors, and ecosystems to build scalable, compliant, and liquid markets, effectively bridging traditional finance (Wall Street) and Web3. These are significant claims that require further verification. At first glance, the website relies heavily on bold promises and marketing language but provides very few concrete details to support its claims. The official documentation also appears to be incomplete and poorly maintained, lacking technical depth, implementation details, and clearly defined use cases. As a result, it is difficult to verify how the project intends to deliver on its stated objectives. The next step was to verify which **products Blockstreet has actually delivered**. We reviewed the project's Telegram history, X (formerly Twitter) posts, official documentation, and website. Our findings are as follows: * **Locking Vault:** On **September 19, 2025**, [Blockstreet announced](https://x.com/BlockStreetXYZ/status/1969082930392695039) its [Locking Vault](https://vault.blockstreet.xyz/). The platform allowed users to lock their $BLOCK tokens in exchange for XP (Experience Points). According to the project, XP would unlock additional perks, improve users' positions on the leaderboard, and potentially qualify them for rewards, exclusive access, and future Blockstreet opportunities. However, beyond these broad promises, no tangible utility or value was ever delivered to users who locked their tokens. We found no evidence that XP provided meaningful benefits, nor that the advertised rewards or opportunities were ever implemented. As a result, users effectively locked their tokens without receiving any verifiable utility in return.
* **Launchpad**: On **September 30, 2025**, the [team announced](https://x.com/BlockStreetXYZ/status/1973095157550465044) that the Blockstreet Launchpad website was live. However, as of July 2026, we were unable to identify a single project that had launched through the platform. The current [website](https://launchpad.blockstreet.xyz/) consists only of a promotional landing page with an application form for projects. We conducted additional research but found no evidence that a functional launchpad has ever existed or been used. Based on the available evidence, we conclude that the advertised launchpad was never fully operational. It appears to have been primarily a marketing initiative rather than a working product. Consequently, the project's flagship offering has never been successfully launched or demonstrated in practice. Nearly **one year after the project's launch**, the team has failed to deliver on the core products and functionality it promised. Based on the available evidence, we found no indication that Blockstreet has fulfilled its major product commitments or demonstrated the capabilities promoted in its public communications. ## The Team Next, we began investigating the team behind the project. The [official Blockstreet website](https://www.blockstreet.xyz/) lists an **eight-member team**.
We conducted a more extensive background investigation into each individual to verify their identities, professional histories, and connections to the project. Below is a summary of our findings for each team member. ### Block Street owners From a publicly available [**Stock Exchange Agreement**](https://contracts.justia.com/companies/appliance-recycling-centers-of-america-inc-7434/contract/1369035/?__cf_chl_f_tk=2.Wh7jFjHPYpgbDh9ht5acbm3GvOeT_Ow4U8t6mcZ0Y-1782932004-1.0.1.1-VRAkLJkQe7t58hqmyoBTNgBgv8M6D.vCIwdUUQTkI5Q) dated **April 20, 2026**, we were able to verify the four original owners of **Block Street**. The ownership information became publicly available as part of the **ALT5 Sigma acquisition** completed in April 2026. As a result of this transaction, the founders listed below are no longer the owners of the company. We examine the acquisition and its implications in greater detail later in this report.
* [**Matthew Morgan**](https://www.linkedin.com/in/matthew-lee-morgan) is the **CEO and co-founder** of Block Street and originally held a **40% ownership stake** in the company. During our investigation, we uncovered a significant amount of information about his background and activities. Due to the importance of these findings, we have dedicated a separate chapter later in this report to a detailed analysis of Matthew Morgan. * Instagram: * Personal webpage: * [**Kyle Klemmer**](https://www.linkedin.com/in/kyle-klemmer/) is a **co-founder** of Block Street and originally held a **25% ownership stake** while serving as the company's **CIO**. * Outside of Block Street, Klemmer is the CEO of [Quantum Vision Holdings](https://www.qvhinc.com/), a company focused on developing post-quantum security solutions. He describes himself as an operator with more than 16 years of experience across marketing, operations, and venture development, with a particular focus on emerging technologies, including blockchain and digital infrastructure. Quantum Vision Holdings [was acquired by AlphaGen](https://sedar-filings-primary.thecse.com/000048124/06420859-00000001-000048124-20260331_AIC_NR_Definitive_Agreement-PDF.pdf) in March 2026. * During our research, we identified several public appearances that confirm his active involvement with the project, including: * An [interview on Decrypt's YouTube channel](https://www.youtube.com/watch?v=yL9ar-QLYxY), where he discussed stablecoins and the Block Street project. * An [interview with the VP of Growth at Catapult Trade](https://x.com/letsCatapult/status/2066935330003976487), in which he spoke about Block Street and its vision. * [**Derek Peterson**](https://www.linkedin.com/in/derek-peterson-4b06469/) served as **Chief Strategy Officer (CSO)** of Block Street and originally held a 17.5% ownership stake in the company. * Peterson is a seasoned entrepreneur and business strategist with a track record of founding and scaling companies across multiple industries. He is best known as the founder of **Terra Tech Corp**, widely recognized as the world's first publicly traded cannabis company. He also led **ROAM Agricultural**, a climate technology company focused on methane reduction for the livestock industry. * At the time of writing, Peterson serves as **Chief Strategist at ALT5 Sigma**. * X profile: * [**David Nikzad**](https://x.com/Nikzad1111David) served as **Head of Capital Markets** at Block Street. Through his company, [**Orthogonal Thinker, Inc**](https://www.orthogonalthinker.com/)**.**, he originally controlled a **17.5% ownership stake** in the business. * According to a [post published on December 11, 2025](https://x.com/search?q=from%3ANikzad1111David%20blockstreet\&src=typed_query), Nikzad joined Block Street as a [strategic sponsor](https://www.linkedin.com/posts/blockstreet-welcomes-david-nikzad-as-head-share-7404657955628834818-dDSv/), bringing experience in capital formation and regulated fundraising. He is a serial entrepreneur and venture investor with more than 20 years of experience in technology, wellness, and public markets. In his announcement, he highlighted his previous work on Reg CF, Reg A, SAFE, and SAFT frameworks, as well as investments in private market platforms such as Republic and EquityZen. ### **Kyle Chasse** as Chief Operating Officer [**Kyle Chassé**](https://www.linkedin.com/in/kylechasse/) served as **Chief Operating Officer (COO)** of Blockstreet. Public profile data indicates that he became part of the Blockstreet team in **November 2025**, while Blockstreet formally [announced his appointment](https://x.com/BlockStreetXYZ/status/1996324117885194272) as COO on **December 3, 2025**. Chassé is a Web3 entrepreneur, investor, and content creator with a long history in the crypto sector. He is best known as the founder of **PAID Network** and **MV Global / Master Ventures**, and he also runs the [**Kyle Chassé Crypto** YouTube channel](https://www.youtube.com/@KyleChasseCrypto). According to Blockstreet’s announcement, his role was focused on global operations, ecosystem development, and scaling the platform. In his own [public statement](https://www.linkedin.com/posts/kylechasse_i-came-back-to-the-usa-for-one-reason-to-share-7401821322932363265-8YPP/), Chassé said he joined Blockstreet to help bring ICO-style opportunities to a broader audience, including retail participants who were previously excluded from early-stage investment access. ### **David Eisenhauer** as Chief Marketing Officer [**David Eisenhauer**](https://www.linkedin.com/in/david-eisenhauer/) served as **Chief Marketing Officer (CMO)** of Blockstreet. Public information indicates that he became part of the team around **September 2025**, while Blockstreet [formally announced](https://x.com/BlockStreetXYZ/status/1998135927840157916) his CMO appointment on **December 8, 2025**. Eisenhauer is described as a Web3 growth leader with experience across performance marketing, community building, brand strategy, and crypto adoption campaigns. According to Blockstreet, his role was focused on global marketing, user acquisition, brand expansion, and community growth. He is also the founder and CEO of **zero Ω**, a Web3-focused growth and marketing agency. His background includes work with blockchain infrastructure projects, RWA platforms, stablecoin companies, Web3 gaming ventures, and other crypto-focused organizations. Within Blockstreet, Eisenhauer was positioned as the person responsible for supporting education and adoption initiatives aimed at connecting capital markets with on-chain finance. ## Down the Blockstreet Rabbit Hole: Matt Morgan, MIXIE, Acquisitions, AI Financial, and the Web of Suspicious Connections While researching the Blockstreet team and its co-founder, Matt Morgan, we uncovered multiple connections to previous projects and companies, including MIXIE and the later AI Financial acquisition of Blockstreet for $43 million. These findings revealed several interesting behaviors, patterns, and relationships that require closer examination. To make the full picture as clear as possible, we will present the key events in chronological order, from the earliest connections to the most recent developments. By laying everything out as a timeline, we aim to provide a clearer understanding of how the project was operated, who was involved, and how the various connections surrounding Blockstreet, MIXIE, AI Financial, and Matt Morgan fit together. {% hint style="info" %} The history and connections surrounding this case are complex, so some details may have been missed. However, we made every effort to identify and include as many reliable sources as possible to support the claims presented in this report {% endhint %} ### Matt Morgan’s Early Days Before entering crypto and later becoming involved with Blockstreet, **Matt Morgan** built his public reputation in the legal cannabis industry. According to several public profiles and podcast appearances, Morgan came from Montana and initially worked in real estate before the 2008 financial crisis pushed him into a new direction. After that, he entered the medical cannabis market, first in Montana and later in Arizona, where he became involved with **Bloom Dispensaries**, **Reef Dispensaries**, and **Tryke Companies**. Public profiles describe him as a founder or former owner of several large cannabis businesses, while a podcast profile stated that Bloom reached a $100 million revenue run rate and that Reef later grew into a multi-state operation with hundreds of employees. Morgan was frequently marketed as a major figure in the cannabis space. Some [podcasts and interviews](https://www.youtube.com/watch?v=ILnM-alJB1E) even referred to him as the **“Cannabis King,”** and one later [podcast episode](https://www.youtube.com/watch?v=2_OTWtwoXZQ) described him as having built “over $1 billion” in cannabis companies before moving further into crypto investing and advisory work. According to the [material reviewed](https://fortune.com/2026/04/30/trump-crypto-ai-financial-alt5-sigma-world-liberty-financial-wlfi-block-street-matthew-morgan/) for this report, Morgan later became increasingly interested in crypto during the mid-2010s and remained connected with **Chase Herro** and **Zak Folkman**, although at the time they were reportedly pursuing separate business paths. ### Mech.com: The early start One of the earliest visible connections between **Matt Morgan and Kyle Klemmer** appears through Mech.com, a Web3 gaming project built around NFTs, player-owned assets, and no-code creator tools. Mech.com was originally [founded by Trey Smith and Nik Rudenko](https://finyear.com/Shima-Capital-Leading-6M-Seed-Round-For-MECH-COM_a47725.html), while public coverage described Kyle Klemmer as joining the team in 2021 as COO. According to the same coverage, Klemmer’s blockchain network helped bring several investors and advisors into the project, including Justin Kan, **Matthew Morgan**, Josh Meier, Bradley Townsends, and HuK. In August 2022, [additional coverage again presented Klemmer as COO](https://thegww.com/mech-com-tabs-kyle-klemmer-to-become-coo/?noamp=mobile) of Mech.com and credited him with helping lead the project’s $6 million fundraising round, which included names such as **Shima Capital**, **Yida Gao**, and **Jake Paul**. The project was marketed as a play-to-earn / Web3 gaming platform focused on casual gameplay, NFTs, and creator tools. This is important because [Blockstreet later described Mech](https://x.com/BlockStreetXYZ/status/2057546529150517634) as the starting point that eventually evolved into **MIXIE**. That connection is also visible through current public web traces: a Mixie landing page states that “Mech is now Mixie,” while the [current Mech game page](https://mech.mixie.ai/) is hosted under the **mixie.ai** domain. This suggests that Mech was not an isolated project, but an early stage in the same broader network of people and products that later became connected to MIXIE and, ultimately, Blockstreet. ### Matt Morgan’s Confirmation as CEO of Mixie Studios & Mixie Media In **late September 2024**, **World Liberty Financial (WLFI)** [announced](https://x.com/worldlibertyfi/status/1838686540823957587) that **Matt Morgan** had joined the project as an advisor. The announcement is important because WLFI identified Morgan publicly as the **CEO of Mixie Studios & Mixie Media**, confirming his leadership role in the Mixie ecosystem at that time. WLFI also described him as a game developer active on Telegram since 2016, with a track record in crypto and ventures that had reportedly scaled or exited for more than **$1 billion**.
This appointment also placed Morgan inside the broader **World Liberty Financial** network, a Trump-family-backed crypto project involving figures such as **Chase Herro** and **Zak Folkman** (friends from before). For this timeline, the WLFI announcement matters for two reasons. First, it provides a public confirmation that Morgan was presented as the CEO of Mixie Studios & Mixie Media before Blockstreet appeared. Second, it shows that by September 2024, Morgan was already operating within a network of crypto entrepreneurs, advisors, and politically connected projects that would later become relevant when reviewing the connections between Mixie, Blockstreet, and related acquisitions. ### The Param Labs Acquisition of Mixie? In **February 2025**, a [post by **Anthony Anderson**](https://x.com/kiracurrency/status/1890156426552832087), the founder and CEO of [**Param Labs**, announced](https://x.com/ParamLaboratory/status/1890149123246211168) that “**Param Labs has acquired Mixie Studios**.” However, during our review, we were unable to find any formal acquisition agreement, corporate filing, or official press release that independently confirms the transaction. The claim appears to have been promoted publicly through social media rather than supported by a verifiable acquisition document.
Param Labs was not an unknown project at the time. It was the Web3 gaming company behind [**Kiraverse**](https://x.com/Kiraversegame) and the broader **PARAM** ecosystem, and in **May 2024** the company announced a **$7 million** seed/private funding round led by **Animoca Brands**, with participation from investors including **Delphi Ventures**, **Cypher Capital**, **P2 Ventures**, **Mechanism Capital**, **Merit Circle**, **TRGC Capital**, **Double Peak Group**, and **MH Ventures**. Public profiles describe Param Labs as a gaming and blockchain development studio focused on player-owned digital assets, multiplayer blockchain games, AAA design, and Web3 gaming infrastructure. This matters because the claimed Param - Mixie acquisition attached the **Mixie** brand to Param Labs’ institutional credibility, investor roster, and existing Web3 gaming community. It helped create a stronger legitimacy narrative around Mixie before the token launch by associating it with a project backed by recognizable names such as **Animoca Brands**, **Delphi Ventures**, and **Mechanism Capital**. CryptoRank also later listed **Mixie AI** as Param Labs’ only visible portfolio investment, which supports the existence of a public Param–Mixie association, but still does not prove the legal structure or terms of an acquisition. ### $Mixie token launch on Solana Around three months after the claimed Param Labs–Mixie merger, the **$MIXIE token** was launched on **Solana** (CA: `3E8muKzsn84HUUmDWdjjd6geRjv5XUpMjdpbrqi3pump`). [Solscan shows](https://solscan.io/token/3E8muKzsn84HUUmDWdjjd6geRjv5XUpMjdpbrqi3pump) the token’s first mint on **May 21, 2025.** The launch took place through the **Pump.fun** ecosystem, further supporting that this was not a traditional venture-backed token launch but a highly speculative Solana launchpad-style deployment.
According to the [investigation by **@bond35865**](https://x.com/bond35865/status/2057829966226628696), roughly ten days later, on **May 31, 2025**, a community manager named **David 10X** reportedly posted that **Mixie and ParamLabs would no longer be working together**. > Following the announcement of our acquisition, it became clear that certain terms could not be aligned to move forward in a way that worked for both teams. After careful consideration, Mixie made the decision that it was in the best interest of both companies to pursue separate paths. We have nothing but respect for the ParamLabs team and community and wish them continued success. We were unable to find a formal company announcement or legal filing confirming this separation, so this claim should be treated as based on community-sourced evidence rather than independently verified corporate documentation. Interestingly, the $MIXIE token price started moving upward after the reported ParamLabs separation and appears to have topped around the same period as the next major announcement: **Zelgor’s acquisition of Mixie**. Given the token’s listed max supply of **1 billion tokens**, that peak price implies a fully diluted valuation of approximately **$25 million.** ### Netcapital Portfolio Company Zelgor Acquires Mixie On **June 9, 2025**, [**Netcapital Inc.**](https://netcapital.com/) **(Nasdaq: NCPL)** [announced](https://netcapital-inc.s3.amazonaws.com/press-release/130/39d91784-71b4-45f3-bf3d-b667a1a609c3.pdf) that its portfolio company [**Zelgor**](https://netcapital.com/companies/zelgor) had completed the acquisition of **Mixie**. In the press release, Mixie was described as a blockchain-native platform focused on **Web3 gaming, creator media, and decentralized community engagement**. Netcapital also stated that Mixie brought an ecosystem including an **AI-powered no-code game engine**, a **Web3-native media network with over 100 million monthly impressions**, and an accelerator model designed to support early-stage crypto projects.

https://x.com/netcapital/status/1932102193751990686

Notably, the announcement did **not** mention the **$MIXIE token** anywhere. The press release focused entirely on Mixie as a company/platform acquisition and did not describe any benefit, conversion, payment, or participation mechanism for $MIXIE token holders. After the announcement, the $MIXIE token price began to decline, eventually falling toward an estimated market cap of around **$7 million** in the following days. This suggests that while the acquisition news created visibility for the Mixie brand, it did not appear to provide any direct value capture for token holders. Three days later, on **June 12, 2025**, [Netcapital announced](https://x.com/netcapital/status/1933240054849180070) that **Matt Morgan** had joined its newly established **Crypto Advisory Board**. The [announcement described](https://www.nasdaq.com/press-release/matt-morgan-joins-netcapital-crypto-advisory-board-2025-06-12) Morgan as an advisor to multiple blockchain ventures and specifically mentioned his advisory role at **World Liberty Financial**. It also listed other Crypto Advisory Board members, including **Kyle Klemmer**, **Josh Meier**, **Eric Galen**, **Armando Soto**, and **Noah Holmes**.
This timing is important. If Morgan’s LinkedIn profile accurately shows that he had already been an advisor to Netcapital since **March 2025**, then his relationship with Netcapital may have started well before the public Mixie acquisition announcement, the $MIXIE token launch, and the end of the Param Labs collaboration narrative. Acquisitions are rarely arranged in only a few days, so the timeline raises questions about whether discussions between Mixie, Zelgor, Netcapital, and related parties were already underway before the token launch and the Param Labs Acquisition. [Netcapital’s later SEC filing](https://www.sec.gov/Archives/edgar/data/1414767/000164117225014907/form8-k.htm) adds another relevant detail. The company disclosed that its board approved the formation of the Crypto and Game Advisory Boards on **June 6, 2025**, before the public June 12 announcement. The same filing states that advisory board members entered into advisory agreements and that Netcapital agreed to issue stock options to advisors under its equity incentive plan. The public filing confirms advisory-board option compensation generally, although it does not clearly break down the exact number of options granted to Matt Morgan individually.
Overall, the sequence creates a concerning timeline: **$MIXIE launched**, the **Param Labs connection reportedly ended**, the token price continued rising, **Zelgor/Netcapital announced the Mixie acquisition**, and shortly after, **Matt Morgan was publicly added to Netcapital’s Crypto Advisory Board with stock-option compensation disclosed for advisors**. Meanwhile, $MIXIE token holders were not mentioned in the acquisition announcement and appear to have received no direct benefit from the transaction. ### $Mixie migrates to BSC from Solana Less than two months after the original **$MIXIE** token launch on Solana, the project announced another major change: the token would migrate from **Solana to BSC**. According to the Mixie website, the team took a snapshot of token holders on **June 30, 2025, at 11:30 PM EST**, after which holders were instructed to migrate through [**Claim.Mixie.AI**](claim.mixie.aihttps://claim.mixie.ai/), with the portal remaining active for six months. [CoinEx later confirmed](https://www.coinex.com/en/announcements/detail/38988582594324) the same migration timeline, stating that the snapshot took place at **03:30 UTC on July 1, 2025**, and that MIXIE was being migrated from Solana to BSC at a **1:1 ratio**. > On June 30th 11:30pm EST We took a snapshot of Token Holders - We have now migrated from Solana to BSC - If you have tokens that need to be migrated, our claim portal will stay active for 6 months - visit at Claim.Mixie.AI
The new [BSC contract](https://bscscan.com/token/0x44fd228e70e784ccc2b360da370ec1dacbdbede7#balances) was listed as **`0x44Fd228E70E784ccC2b360da370EC1DaCBdbEde7`**. According to the migration portal explanation reviewed during this investigation, the stated reason for moving to BSC was to position Mixie closer to the **USD1 ecosystem**, claiming that BSC offered stronger stablecoin liquidity, programmable infrastructure, and broader reach. > We’re moving to BSC to position Mixie at the core of USD1’s ecosystem. As USD1 scales globally, BSC offers the best foundation for real-world usage, stablecoin liquidity, programmable infrastructure, and massive reach. However, the migration appears to have been poorly coordinated. [CoinEx stated](https://www.coinex.com/en/announcements/detail/38988582594324) that it did not receive prior notice from the project team, which prevented the exchange from supporting the migration in time. As a result, a significant number of old MIXIE-SOL tokens were deposited after the snapshot and quickly sold, causing a sharp price decline on CoinEx. The exchange later compensated affected users in CET and stated that eligible holders at the snapshot time would receive the new MIXIE-BSC tokens. The situation became even more confusing only two weeks later. On **July 14, 2025**, the project team reportedly announced that the newly issued **MIXIE-BSC** token would be abandoned and that holders would instead receive the new **BLOCK** token at a **1:1 ratio** through an airdrop. CoinEx [responded](https://www.coinex.com/en/announcements/detail/39432261986580) on **July 18, 2025**, saying that it would not support the new migration or swap plan and would delist MIXIE. The exchange also stated that it contacted the project team to clarify the MIXIE-BSC and BLOCK migration arrangements but received no response or cooperation. {% hint style="warning" %} It is difficult to verify all of Mixie’s announcements on X because the **@MixieAI**, **@MixieMediaGroup**, and Matt Morgan’s **@MatthewMorgan23** profiles were suspended shortly afterward. {% endhint %} A separate [Telegram channel named **MixieUpdates**](https://t.me/s/MixieUpdates) also posted a “Token Migration Update,” stating that the team had originally planned an airdrop but decided against it because the process was too time-consuming and expensive. Instead, holders were directed to another migration portal, **token-migration-swap.com**, which is down at the time of writing. We couldn't find clear public evidence verifying how many MIXIE holders successfully completed the process.
This makes it difficult to determine how many users actually received **BLOCK** tokens as compensation after the MIXIE-BSC transition. What can be verified is that within a very short period, holders were asked to move from **MIXIE-SOL** to **MIXIE-BSC**, and then from **MIXIE-BSC** to **BLOCK**. Two token migrations in roughly two weeks strongly suggest poor execution and weak coordination with exchanges. At minimum, the process created unnecessary friction and confusion for holders; at worst, it raises concerns that the migration structure may have reduced the number of users able to successfully claim their replacement tokens. ### The $Block token and the Blockstreet project are born On **July 14, 2025**, the **Blockstreet** project appeared publicly, and the **$BLOCK** token was created on Ethereum. From the beginning, the project positioned itself around the **USD1** narrative, presenting Blockstreet as infrastructure designed to support the adoption of the stablecoin. The official Blockstreet documentation described the project as “the execution layer to accelerate adoption of USD1” and claimed that Blockstreet was the “official USD1-native launchpad.” By **August 2025**, the USD1 narrative expanded further through public media appearances. In an interview with Decrypt, Blockstreet co-founder **Kyle Klemmer** argued that USD1 could become the world’s most widely adopted stablecoin by **2028**, even naming USDC as the first target. Decrypt also described Blockstreet’s stated mission as a **USD1-native launchpad** and said the firm had been tasked with helping integrate USD1 into crypto and traditional markets. On **September 18–19, 2025**, Blockstreet promoted the launch of its **Vault** product. The Vault allowed users to lock **$BLOCK** tokens to generate **XP**, improve leaderboard rankings, and potentially qualify for future launch allocations. A few days later, on [**September 23, 2025**, **Matthew Lee Morgan** joined **Tokenwell**](https://tokenwell.com/tokenwell-welcomes-high-profile-matthew-lee-morgan-to-advisory-team/) as a strategic advisor. [Tokenwell](https://tokenwell.com/)’s announcement described Morgan as **Co-Founder of Blockstreet** and a strategic advisor to both **ALT5 Sigma Corporation** and **World Liberty Financial**. This public profile is important because it confirms Morgan was an advisor to ALT5 Sigma already in September 2025 or even earlier. The corporate structure behind Blockstreet remains an important part of the timeline. Later SEC filings confirmed that **Block Street Corp.** was a **Nevada corporation**, but we were not able to independently verify the exact **late-October 2025** incorporation date from an official Nevada registry source during this review. In December 2025, Blockstreet began announcing a series of senior appointments. On **December 1, 2025**, the company announced **Kyle Chassé** as **Chief Operating Officer**, describing his role as leading global operations, ecosystem development, and platform scaling. Two days later, on **December 3, 2025**, Blockstreet announced **Derek Peterson** as **Chief Strategist**, with responsibility for strategic development, institutional partnerships, and market expansion. On **December 10, 2025**, **Orthogonal Thinker** announced that it had aligned with Blockstreet as a **Strategic Sponsor**, while its founder and CEO **David Nikzad** was appointed **Head of Capital Markets** at Blockstreet. This later became especially relevant because the April 2026 SEC-filed transaction documents show **Orthogonal Thinker, Inc.** as one of the four owners of Block Street Corp. before the ALT5 Sigma transaction. ### ALT5 Sigma (AI Financial) acquires Block Street Corp. On **April 20, 2026**, [**ALT5 Sigma Corporation**](https://www.aifi.co/) entered into a [Stock Exchange Agreement](https://contracts.justia.com/companies/appliance-recycling-centers-of-america-inc-7434/contract/1369035/) with the four owners of **Block Street Corp.**, a Nevada corporation. The deal was not structured as a simple cash acquisition. According to the [SEC filing](https://www.sec.gov/Archives/edgar/data/862861/000149315226018994/ex10-138.htm), ALT5 issued **12,670,257 shares** of common stock valued at **$12 million**, plus two sets of five-year pre-funded warrants valued at **$15 million** and **$16 million** if certain revenue and operating-income milestones are reached. This means the total potential value of the transaction was up to approximately **$43 million**. {% hint style="info" %} **ALT5 Sigma later rebranded as AI Financial Corporation.** The company [announced the planned rebrand](https://feeds.issuerdirect.com/news-release.html?newsid=7143798671844255\&symbol=AIFC) on April 22, 2026, and SEC filings state that the corporate name changed from ALT5 Sigma Corporation to AI Financial Corporation on April 28, 2026, with the Nasdaq ticker changing from ALTS to AIFC at market open on April 29, 2026. {% endhint %} ALT5 Sigma was not a traditional crypto-native company from the beginning. Its business history had shifted across several sectors, including biotech and fintech. An important detail is that ALT5 Sigma was already closely connected to the same network before the Block Street acquisition. In **August 2025**, ALT5 announced a [**$1.5 billion** registered direct offering and private placement connected](https://fortune.com/crypto/2025/08/11/world-liberty-financial-1-5-billion-alt5-sigma-alts-crypto-treasury-company-trump/) to **World Liberty Financial’s $WLFI treasury strategy**. As part of that transaction, **Zach Witkoff** [became chairman](https://x.com/ZachWitkoff/status/1954883938884673920) of ALT5, **Eric Trump** joined the board, **Zak Folkman** became a board observer, and **Matt Morgan** [became **Chief Investment Officer** of ALT5](#matt-morgans-confirmation-as-ceo-of-mixie-studios-and-mixie-media).
This matters because the company where Morgan held a senior role later acquired a company where Morgan was also **CEO and 40% owner**. This creates clear conflict-of-interest optics: Morgan was connected to the buyer while also owning and leading the company being acquired.
On **April 30, 2026**, [AI Financial announced](https://x.com/AiFiCorp/status/2049868865358680547) that it had completed the acquisition of Block Street. The company said the acquisition was intended to expand its payment, trading, and settlement infrastructure into **tokenized capital formation**, **real-world asset tokenization**, and **token issuance** infrastructure. The announcement also stated that Block Street’s capabilities had not yet been commercially deployed and would still need to be evaluated for integration and regulatory considerations.
The key takeaway is that Block Street was sold to a Nasdaq-listed company less than one year after launch, despite limited visible evidence of fully developed products. At the same time, Matt Morgan held overlapping roles across **Blockstreet**, **ALT5 / AI Financial**, **World Liberty Financial**, and previous Mixie-related ventures. This does not prove wrongdoing by itself, but it raises serious questions about related-party interests, timing, valuation, and whether Block Street’s public product narrative matched the value assigned to it in the acquisition. ## $BLOCK token [BLOCK](https://etherscan.io/token/0xcab84bc21f9092167fcfe0ea60f5ce053ab39a1e) Token CA: `0xCaB84bc21F9092167fCFe0ea60f5CE053ab39a1E` In the following chapters, we examine the on-chain activity of the **BLOCK** token from its deployment onward to identify any suspicious patterns or noteworthy behavior. Before continuing, it is important to establish the project's stated tokenomics. According to the official documentation, the total token supply is **1 billion BLOCK**. The documentation also includes a [token allocation (tokenomics) chart](https://docs.blockstreet.xyz/the-usdblock-token/markdown) that outlines how the supply is intended to be distributed across categories. Throughout this investigation, we will compare these published allocations with the on-chain data to determine whether the stated tokenomics can be verified and how the allocated tokens were actually used.
To better understand the on-chain events discussed throughout this report, it is helpful to first examine the token's price history. The **BLOCK** token reached its peak valuation of **nearly $130 million in market capitalization** on **August 8, 2025**, approximately **three weeks after launch**. Following this peak, the token entered a sustained downtrend. A second major price decline occurred on **September 1, 2025**, accelerating the overall loss in value. Throughout the on-chain analysis, we will examine whether transactions involving wallets linked to the project team or related entities correlate with these significant price movements. At the time of writing, the token's market capitalization has fallen to **approximately $1 million**, which is below its estimated valuation at launch.
## $BLOCK On-chain investigation In the following chapters, we will examine the token's on-chain activity. We will begin by analyzing the token deployer and its funding history, then examine how the tokens were distributed. Finally, we will trace the movement of the tokens to identify any potential manipulation, coordinated activity, or other suspicious behavior. ### $BLOCK Token Deployer The [$BLOCK token](https://etherscan.io/address/0xcab84bc21f9092167fcfe0ea60f5ce053ab39a1e) was deployed by wallet [**`0x99c420840708Ec5a82e99972119F7dB14a22E67b`**](https://etherscan.io/address/0x99c420840708ec5a82e99972119f7db14a22e67b) (Blockstreet: Token deployer) on **2025-07-14 at 15:34:47 UTC**. The deployer wallet was funded with **0.2 ETH** from [**`0xA658E41091974CC562433E5072c3C16917371036`**](https://etherscan.io/address/0xa658e41091974cc562433e5072c3c16917371036) (Blockstreet: Deploy manager). This same funding wallet also received the initial token mint, indicating that it is the primary wallet behind the token deployment and initial distribution.

BLOCK token deployer flows

The main [activities of the deployer wallet](https://etherscan.io/advanced-filter?fadd=0xa658e41091974cc562433e5072c3c16917371036\&tadd=0xa658e41091974cc562433e5072c3c16917371036) can be summarized as follows: * [**2025-07-14 15:16:11**](https://etherscan.io/tx/0xbba123a017f17babc56f2618f8c33fa7525bdb30174951050b6984c3d00565bf) - The wallet is funded with **1 ETH** from [**0x0d20A3Bc8A35f8B40aA15b1663Cd7dC1b856BEa8**](https://etherscan.io/address/0x0d20a3bc8a35f8b40aa15b1663cd7dc1b856bea8) (labeled **Blockstreet: Deployment Funder**). * [**2025-07-14 15:34:47**](https://etherscan.io/tx/0x5cc72748f6709cdfd0caab6094dfda569d5d53210e7e21d13117eb24796c18df) - **1,000,000,000 BLOCK** tokens are minted to the deployer wallet. * [**2025-07-14 15:41:35**](https://etherscan.io/tx/0x882428ac1d9591190efeb4f15b33dfe6730b4e53901ba016552d0496b66db856) - The wallet receives **400,952 USD1** from the **Bitget** exchange. * [**2025-07-14 15:51:47**](https://etherscan.io/tx/0xeac6121c198965b62463c4788b469c7707841f5bab8ce2dfa1502dd42ba23977) - A **Uniswap V2** liquidity pool is created using **400,000 USD1** and **20,000,000 BLOCK** (2% of the total token supply). * [**2025-07-14 16:08:23**](https://etherscan.io/tx/0x85367b7b3fc2b8d1d809ac2fd0092d44ff9b6b4c1c58c412cc4745936abe69f0) - The first distribution batch of **22,000,000 BLOCK** (2.2% of the total supply) is transferred to **Disperse.app**, which distributes the tokens to **50 recipient wallets**. * [**2025-07-14 16:52:35**](https://etherscan.io/tx/0x44bd8a9c1b08b56207edbcacbca49fe6ba561f6148f7c9fa3c0c0a459b2d7a03) - A second distribution batch of **957,843,294 BLOCK** (95.78% of the total supply) is transferred to **Disperse.app**, which subsequently distributes the tokens to **818 recipient wallets**. * [**2025-07-28 17:06:23**](https://etherscan.io/tx/0xc59238d46da707f7bc8ab6a1176e90190a564b214d50bccd1416d5cc3327861a) - Approximately two weeks later, the liquidity provider (LP) tokens representing the Uniswap V2 liquidity position are transferred to the [**`0x7a8fbB21C7721d6c487Af1c883b0CB90a22d13D0`**](https://etherscan.io/address/0x7a8fbb21c7721d6c487af1c883b0cb90a22d13d0) (Blockstreet: Team Multisig 1) multisig wallet. {% hint style="info" %} **Understanding Uniswap Liquidity Tokens**: When liquidity is added to a Uniswap pool, the provider receives **liquidity provider (LP) tokens**, which represent their share of the pool. Whoever controls these LP tokens can redeem them at any time to withdraw the underlying assets from the pool. If the LP tokens are **not locked** or otherwise restricted, the owner remains free to remove the liquidity whenever they choose. In this case, the LP tokens were initially controlled by the project team and were **not locked**. {% endhint %} Based on the deployer’s activity, there are several interesting paths to investigate further. First, we should examine whether there is anything notable in the funding wallet’s history and subsequent usage. Second, the token distribution through Disperse.app may reveal important patterns, including coordinated wallet activity or other suspicious behavior. Let’s continue by looking at the **Blockstreet: Deployment Funder** wallet. ### The Deployer Funding Sources Let's continue by examining the **0x0d20A3Bc8A35f8B40aA15b1663Cd7dC1b856BEa8** wallet (labeled **Blockstreet: Deployment Funder**). This wallet has considerably more activity than is [shown here](https://etherscan.io/advanced-filter?fadd=0x0d20a3bc8a35f8b40aa15b1663cd7dc1b856bea8\&tadd=0x0d20a3bc8a35f8b40aa15b1663cd7dc1b856bea8\&ps=100); however, only the transactions relevant to this investigation are included. The complete transaction history can be viewed separately. The key events are summarized below: * [**2025-03-02 00:51:47**](https://etherscan.io/tx/0x6a0ae90044011063d68975dba945e3cfbce058c889376efe667594e880ac7898) - The wallet is funded with **0.007 ETH** and **967 USDC** from [**`0xd95DbD432852Cb01F0890bB79c146B1b09CEb046`**](https://etherscan.io/address/0xd95dbd432852cb01f0890bb79c146b1b09ceb046), whose ENS name is **k2ol.eth**. This wallet will be analyzed in detail later in the report. * **2025-07-14:** On the same day the **BLOCK** token was deployed, the [wallet bridges **BSC-USD** from the BNB Smart Chain to Ethereum](https://etherscan.io/address/0x0d20a3bc8a35f8b40aa15b1663cd7dc1b856bea8#crosschaintx). The source and destination addresses belong to the same wallet on different blockchains, indicating that the same entity controls both addresses. The timing of the bridge transaction is noteworthy, as it occurred immediately before the deployment and funding of the BLOCK token, linking the activity across the BNB Smart Chain and Ethereum.

Bridge transfers for 0x0d20A3Bc8A35f8B40aA15b1663Cd7dC1b856BEa8 (Blockstreet: Deployment Funder)

Analyzing the [**`0x0d20A3Bc8A35f8B40aA15b1663Cd7dC1b856BEa8`**](https://bscscan.com/advanced-filter?fadd=0x0d20a3bc8a35f8b40aa15b1663cd7dc1b856bea8\&tadd=0x0d20a3bc8a35f8b40aa15b1663cd7dc1b856bea8) wallet on BNB Smart Chain revealed an interesting finding. We identified a direct on-chain connection between the **Mixie token deployer on BNB Smart Chain** and the **0x0d20A3Bc8A35f8B40aA15b1663Cd7dC1b856BEa8** wallet. Let’s examine this connection in more detail. The flow below illustrates the connection, which is explained step by step in the following paragraph.

The flow connecting Mixie on BSC and BLOCK deployment.

The main flow can be summarized as follows: * [**2025-07-03 16:09:50**](https://bscscan.com/tx/0x94b73e72881a74babce6be96d999581353199a20c2317653cc33dd49b908b8a9) - The wallet **0x5e60B659509ea088aC6909429f4035632bf4F45E** (labeled **Mixie: Distributor** in the flowchart) mints **1,000,000,000 MIXIE** tokens on the BNB Smart Chain. * The newly minted MIXIE tokens are subsequently distributed to a large number of wallets. During our analysis, we identified the same distribution pattern observed for the **BLOCK** token: the tokens were distributed through **Disperse.app**. * One distribution cluster stood out in particular. On [**2025-07-03 16:53:58**](https://bscscan.com/tx/0xcff5a42dcfc03ddaea761f651be3ed0a42653dcad8719bc43a66a2664b9f88f5), **50 wallets** received MIXIE tokens via **Disperse.app**, mirroring the initial 50-wallet distribution used for the BLOCK token. The similarity in the distribution method and wallet clustering suggests a common operational pattern between the two token launches and warrants closer examination. * Each wallet appears to have been newly funded, received MIXIE tokens through Disperse.app, and showed no other on-chain activity. Their primary purpose appears to have been trading and, ultimately, selling the MIXIE tokens. A few representative examples include: * [0x88EE3C88Ff8a2B13CaE73912466a542d9fd0bEB5](https://bscscan.com/address/0x88ee3c88ff8a2b13cae73912466a542d9fd0beb5#tokentxns) * [0x72bEb78B62E6D54AF144AE710838FD4106210d9c](https://bscscan.com/address/0x72beb78b62e6d54af144ae710838fd4106210d9c#tokentxns) * [0x1B0f05a3FFCBCaA51152403cDF730C89bF53c4A1](https://bscscan.com/address/0x1b0f05a3ffcbcaa51152403cdf730c89bf53c4a1#tokentxns) * The consistency of this behavior across multiple wallets suggests a coordinated distribution strategy. A portion of the proceeds from the token sales was subsequently consolidated into the wallet [**0xa5FdF12E2E4716abBbc6f0e292BC8833fbd7B167**](https://bscscan.com/address/0xa5fdf12e2e4716abbbc6f0e292bc8833fbd7b167#tokentxns).
* On [**2025-07-14 14:45:40**](https://bscscan.com/tx/0xe9816a3e9cb9cc1dec31cf4108cd8db04df2e0a2556a107b05aabdfc0e01cc10) **-** approximately **one hour before the BLOCK token was deployed -** the accumulated funds, totaling **52,061 USD1**, were transferred to **0x0d20A3Bc8A35f8B40aA15b1663Cd7dC1b856BEa8**, the wallet previously identified as the **Blockstreet: Deployment Funder** on BNB Smart Chain. * The funds were then bridged from BNB Smart Chain to Ethereum [via the **Mayan Finance** bridge](https://explorer.mayan.finance/tx/SWIFT_0xbed8510fa1a19972b87339ed57c4ab04effa4b99d121b96ee23e0cd176fb4ffb). The destination address on Ethereum was the same wallet, indicating that control of the funds remained with the same entity across both blockchains. * This transaction establishes a direct on-chain link between the proceeds generated from the MIXIE token distribution and the wallet that later funded the deployment of the BLOCK token. * Just a few minutes later, on [2025-07-14 15:06:23](https://etherscan.io/tx/0xeb6a7628adbf2d79277cc637dee774f473c32af920918f533b622925cb91ff93), 50,000 USD1 was transferred to [0xD65b1efe12cD8ee40da53bA581EbC68997e9c1fE](https://etherscan.io/address/0xd65b1efe12cd8ee40da53ba581ebc68997e9c1fe#tokentxns). This wallet plays a significant role in the on-chain flow and will be examined in detail in the next chapter. The on-chain evidence establishes a direct connection between the entity that deployed the **MIXIE** token on BNB Smart Chain and the entity that deployed the **BLOCK** token on Ethereum. The flow of funds can be traced from wallets involved in the MIXIE token distribution, through the **Blockstreet: Deployment Funder** wallet, and ultimately to the deployment of the BLOCK token. Our analysis uncovered substantially more activity on BNB Smart Chain. However, as the focus of this report is the **BLOCK** token, a detailed analysis of the MIXIE ecosystem is outside its scope and would warrant a separate report. One particularly noteworthy finding is the timing of these transactions. Despite the announced sale of Mixie to Netcapital on **June 9**, the on-chain activity shows that wallets associated with the MIXIE token remained active and were used to fund the deployment of the BLOCK token more than a month later. This provides strong on-chain evidence that the same entity retained control over the wallets involved in the MIXIE token operations and subsequently used them in connection with the BLOCK token deployment. ### Analyzing the first smaller Disperse cluster {% hint style="info" %} **Disperse.app** is a tool that allows a user to send tokens or cryptocurrency to hundreds of wallets in a single transaction. It is commonly used for airdrops, token distributions, and payroll payments because it is faster and cheaper than sending tokens one wallet at a time. {% endhint %} Earlier, we observed that the **Deployment Funder** wallet (**0x0d20A3Bc8A35f8B40aA15b1663Cd7dC1b856BEa8**) transferred **50,000 USD1** and **10 ETH** to [**0xD65b1efe12cD8ee40da53bA581EbC68997e9c1fE**](https://etherscan.io/tokentxns?a=0xd65b1efe12cd8ee40da53ba581ebc68997e9c1fe\&p=1) (labeled **Blockstreet: Trading Orchestrator**) on **2025-07-14**. Analysis of this wallet shows that it subsequently split these funds among a large number of newly funded wallets. A closer examination reveals that these were the same wallets that received **BLOCK** tokens from the smaller **Disperse.app** distribution. In total, **50 wallets** each received **440,000 BLOCK** tokens. These wallets then traded the token between **July 15 and July 23, 2025**.
Based on the on-chain evidence, the entity behind the **BLOCK** deployment appears to have established a coordinated cluster of **more than 70 trading wallets**. These wallets received a combined **2.2% of the total BLOCK supply** through **Disperse.app** and were subsequently used to actively trade the token. This raised several important questions: How were these wallets operated? How much profit did they generate? And where were those profits ultimately transferred? To answer these questions, we aggregated and analyzed all swap transactions executed by the wallets in this cluster. The results: * Our analysis identified **68 wallets** that actively traded the BLOCK token, executing a total of **7,326 swap transactions**. Several additional intermediary wallets were used solely to transfer funds to newly created trading wallets and did not trade themselves. * Between **July 15 and July 23, 2025**, these trading wallets generated approximately **1,062,427 USD1** in realized profits from trading the BLOCK token. * As shown in the chart below, the wallets traded almost continuously throughout this period, typically extracting $10,000–20,000 in profits every 4 hours. During this phase, the sustained selling pressure appears to have been absorbed by strong market demand and the initial hype surrounding the project, allowing the token price to continue rising. * The largest profit extraction occurred around the local price peak on July 23, 2025, when more than $100,000 was realized within a four-hour period. * In the chart, the **upper panel** shows the BLOCK token price (yellow line) together with the buy and sell volume, while the **lower panel** displays the realized profits extracted by the identified wallet cluster during each four-hour interval.
For readers who wish to independently verify the analysis, a detailed breakdown of the identified wallets and their transactions is available in the expandable section below.
All wallets overview
WalletTotal USD profitsTotal Swaps
0xf9c032d8cb2a413c08a5d1f95d5a8c30f71366ed43,360.4376
0xfcf3feba9c8ea9909f117ef735725a923fc6d54e40,193.1093
0x8c93d8aa70bc61e6261129a68153aad9c03e9cd336,902.0678
0x3ba45c7d8cbacc626cdca0d6a24c65396f8b111634,380.1791
0x23229a527832a17fd353544545fc080cd802201931,566.3172
0x7823d8ec2aed5ba2af6dcd7010b0f5f63eb2462430,074.3781
0xe7954c57b7f53e785eddc632e00e886bdd0df7b329,258.18119
0x69ef230679754cc35f253291875a7ddbb069b7fb28,598.2989
0x83f6c7b22b4a5f6e5d6adc70a33911eb6662f5d127,216.7049
0x156c25b1b040eca03ba39b03eeba5ef4e0ef636327,133.6271
0x9afdc07da8f426b1af155e1f6ddad21c27984d2225,041.71136
0x956d48e20ae0baf1755c2b0c57f114c30dfd88de24,862.43147
0xfffabdb87e6ce083b5f98d5a0a9842416f7a049324,677.14125
0x5ed6b220c6ba8fc719ddb32f4df05787c7af2b4f24,257.5485
0xab3547e471f8a75eeac6b6c01200a091f5c8828023,984.8961
0x0c9094b3f1cd3146a3464de85166a424037b998422,874.9580
0x832586d9033fe0baf2456131b365d7b56dd6a79a22,770.4862
0x2ef35c99dafc543ae6ef908bd14fc623951f782221,547.61154
0xd6329f307fd3882269cf94f4a563c5af1cf6028521,250.10155
0x4590913daf147b36451f46b1ddc1d47e12f863e420,993.6185
0xd80276320559d2054efa6a39d849f99d09444d0020,866.04133
0x50784ab8f8422ab246fcf7c44676bfff44debd7519,378.76138
0xf7fa5372cfab3d54eacaf8c45cb6bbc80159155c19,345.38102
0x8d11489ff4c42996425cbd21b9e53a4396e0f55419,108.37131
0x8677b8b812df9a369fb3e4a0e0efca0e531dc62618,466.82141
0xb527589c1616287400bc1282776c694ffdcee12e18,368.23133
0xfc4bf4efac246e0bc53994ae1ef893d472e3e06418,322.5683
0x79641e3284f04813d87a1034e7d1dd8bad88590118,278.29135
0x427f0b5d7563a89533278d8ea19f129c5deb35ef18,067.4988
0xf8a4c0195e12b7a5cc227bfb85574e07fae8a9fd17,911.25135
0x04d594bfdf4510df9439c668d028f1301ef9fc5e16,423.98162
0x28a6f41e812d99ab5f4edc7ece6b9d4ba21c475516,278.07131
0x83ef5c4426fa00101b2805a394886e20a676a35216,206.26137
0x2cb2f80bb27231edbbac5bee09ac23b5c5f7cec016,101.0289
0xfec37c55994b0e94d6fa78e3db3ad75e85f5a6bd15,678.18138
0xae156a7a81831fcd75944599f7ad0c67cc73556e14,962.2968
0x8a072e40789d9ee3b29722e6f02e97e41a0048f314,608.71155
0xd144e30f4b8419da97c04cd041a0333537b7e8de13,653.99119
0x771adfd9c01d407aa43c42d6d0d69d04280a857112,628.31127
0x5ad839e317d0c7fa46b66d6d80989ab90046efc412,555.35109
0x96f6ddfb483a097dc0bf9f6114feb7d011c72fd812,057.0285
0x3f7f3491dd0ab70f61a33d05f42bbd286ebd4e0511,987.95147
0x89502941d092f3cd53496902b18091e9ba221a5f11,938.62155
0x8df5d91a39d1c1c3774fe73ddc39d254a9b1e25d11,396.05145
0xe4809f7c96704404f0d6d2b98304c954b94c9d0011,195.7383
0xda3091c723721c908d35e73f3ca3dfe87fbea4a011,098.83157
0x108e4222d7007ac5985c8f338d9c618bd89f3b6e10,871.55141
0x31cd1ab796ed23a2a0338240f62281a9724a43819,848.85154
0x18764d55ba7277bb163b14fede703a1b0f405b3c9,352.7168
0x38508c8a0ceda36146331d3887f8f25ba0ad25e09,298.9672
0x2111a4cefa009e775e7c9ccb705f5393799a12f98,755.08152
0x7f658e3d41f0cbcf341396f9727c89c1f0b6ace57,954.4090
0xec6787bc00c31283e381105ba34e4fa0b1d916e57,314.9885
0x4a0ac91f369c16103ac72326359e6449158dc7106,697.99138
0x02eb21e23fd23ef8c8a1649d4db57ab9bf0f73446,672.7983
0xf314b9a7c3d178d27ff1113b39d7f7ed5c8e19da6,180.3883
0x6819906f1aade329348ae8ff807afee53df51b285,658.4571
0xcf09ac24b76a6c0dcf4b2fef515bfa866a6fb6aa5,493.31133
0x8098c23542ad339144c6917723caec895280fe355,348.6888
0x124a944991561b9415dc69020373ea8ddcd35a0c5,083.16158
0xe67608774aed0380a9d9e0c0349e04a4afc6e20e2,990.8867
0xd0f7de693761ccbc004136f8e31995ace0fdd32f2,090.7568
0x74ee511a30f20e09b4391d709e06eb03608ceeb11,903.8479
0x646efa5670ff47a0d5ce4a3d1b614a3d9f7be7a51,148.18139
0x2f6ee59ae7f05e6d12735641756f2db28bdfd173-1,183.2261
0x890c8b9da95ec4223a7d0c906d76d41c3e89709a-2,533.0574
0x252652b232b839af46b53506edd89a4096b57108-3,499.3787
0x216c0f9b593eb64140fd66b39f0715c929deacc5-10,849.30100
Our next objective was to determine where the trading profits ultimately ended up. The analysis showed that the trading wallets consolidated their proceeds into two primary profit collection wallets: * 940,138 USD1 → [0x39b4acb18fc78724d8421f9552b564f6b1ce7fa9](https://etherscan.io/address/0x39b4acb18fc78724d8421f9552b564f6b1ce7fa9#tokentxns) (labeled Blockstreet: Profit Collector 1) * 151,000 USD1 → [0x9f437C97207783D1eeB0dCB640A5A0f94c67313C](https://etherscan.io/address/0x9f437c97207783d1eeb0dcb640a5a0f94c67313c#tokentxns) (labeled Blockstreet: Profit Collector 2) Between **July 18 and July 24, 2025**, these funds were transferred through several intermediary wallets before reaching their final destinations. The complete flow of funds is illustrated in the diagram below:
The funds collected by **Blockstreet: Profit Collector 1** followed the transaction path below: * [**2025-07-23 12:48:11**](https://etherscan.io/tx/0x84a67f37204460c9362abb295c7e2e14da422b7d79c89c34986f0bccb26fadaa) – **940,138 USD1** was transferred to [**0xD9c962405E74c601973DF38175A763a1D0859B81**](https://etherscan.io/address/0xd9c962405e74c601973df38175a763a1d0859b81#tokentxns). * [**2025-07-24 17:14:11**](https://etherscan.io/tx/0x248262e15efa414445570c71c5cca4cfefbd096b77db390866573da598edd413) – **903,741 USD1** was subsequently transferred to [**0xdA96CDce297172d0C958B4A6Ec1504826a2F8ef5**](https://etherscan.io/advanced-filter?hdst=true\&fadd=0xda96cdce297172d0c958b4a6ec1504826a2f8ef5\&tadd=0xda96cdce297172d0c958b4a6ec1504826a2f8ef5\&txntype=2\&ps=100\&p=2). The wallet **0xdA96CDce297172d0C958B4A6Ec1504826a2F8ef5** then swapped the **USD1** for **USDC** before distributing the funds to three identified **Binance deposit wallets**. At this point, the funds entered Binance's custody, and further on-chain tracing was no longer possible. The transfers to Binance were as follows: * [**2025-07-24 19:37:11**](https://etherscan.io/tx/0xea321d33d7a354179915d007931d115e433c6875122506eb475d95ba21ad0c30) – **201,590 USDC** transferred to **0x999ef9Ec4800733a42271082CB509D17d67Dfd3d** (Binance deposit address). * [**2025-07-24 19:54:47**](https://etherscan.io/tx/0x708ee260c032943e2a20d16aa2338a06598378e466719c43a102308eb4cc372a) – **500,000 USDC** transferred to **0x2f765942216700a5830f47292d6f3a0E8bF8d4B1** (Binance deposit address). * [**2025-07-24 19:55:47**](https://etherscan.io/tx/0x9723e564a26cbd85eb1c5b7443d872b91ff5867e9f9657e4cc3e2126610dd2e2) – **200,000 USDC** transferred to **0x5D4912361aB252846F1D7fdc9Db3502DB4Aa1272** (Binance deposit address). These transactions indicate that the majority of the profits generated by the identified trading wallet cluster were ultimately consolidated, converted to USDC, and deposited into Binance. The **151,000 USD1** collected by **Blockstreet: Profit Collector 2** followed a different path. The funds were transferred to **0x0256A81ab5071cE1e8AC7A6fcD0c183a201A6668**, where they were swapped into other assets and subsequently distributed across multiple wallets in smaller amounts, making the subsequent fund flows more fragmented and difficult to trace. To conclude this chapter, our on-chain analysis shows that wallets linked to the entity behind the **BLOCK** token deployment operated a coordinated network of trading wallets that generated **more than $1 million** in realized trading profits within just **eight days**. The majority of these proceeds were ultimately consolidated and transferred to **Binance** deposit addresses, while a smaller portion was routed through additional intermediary wallets. The complete flow of funds is illustrated in the diagram below.
### Analyzing the Distribution of the Larger Disperse.app Cluster Next, we analyzed the token distribution from the larger **Disperse.app** cluster. As discussed earlier, the token deployer transferred **957,843,294 BLOCK,** representing **95.78% of the total token supply,** to **Disperse.app**, which subsequently distributed the tokens to **818 recipient wallets**. Given the large number of recipient wallets, we began our investigation by focusing on the largest allocations. The table below shows the **10 wallets that received the highest number of BLOCK tokens** through the Disperse.app distribution.
WalletAmount (BLOCK)
0xe8c3fb4b321ccd72514b24a1532245e8e4cc1e78200,000,000
0x5fdc9e485d188619092592a38cc9245b6fe8ed1f100,000,000
0x9bf93354831d8cf76310271290d5b46232758da1100,000,000
0x58fb7fbf560aaf83dce37a1d794efbd8616392c690,000,000
0x159cea47ca38db96a544a1f915b38b5ff3129edb80,000,000
0x5e60b659509ea088ac6909429f4035632bf4f45e66,945,042
0x8b18d0d2430b0a0bcd476533753a079cab624c6938,000,000
0xc9a931daade51da94dd9a41d20e30b94dd55b8e216,178,814
0xe932d12689ca8d3c75a81021118fad4f254aacc88,840,259
The four largest recipient wallets each received an allocation that exactly matched the percentages published in the project's official tokenomics. Based on these allocations, we assigned labels corresponding to their stated purpose: * The first of these wallets, [`0xe8c3fb4b321ccd72514b24a1532245e8e4cc1e78`](https://etherscan.io/address/0xe8c3fb4b321ccd72514b24a1532245e8e4cc1e78) (labeled Blockstreet: Ecosystem Rewards), received 20% of the total BLOCK supply. The tokens were subsequently transferred through an intermediary wallet before reaching [`0xD9EcDb415841761043520A8c7F043437127718Ef`](https://etherscan.io/address/0xd9ecdb415841761043520a8c7f043437127718ef#tokentxns), the Blockstreet company multisig wallet. At the time of writing, this multisig wallet still holds 130,000,000 BLOCK tokens. The allocated tokens remained untouched until March 20, 2026, when 70,000,000 BLOCK was distributed to six wallets and subsequently split among a larger number of sub-wallets. Because these funds remained inactive throughout the period covered by the main investigation, particularly during the token's most active trading period in the summer of 2025, we have not performed a detailed analysis of these later transfers.
* Second, the address [`0x5fdc9e485d188619092592a38cc9245b6fe8ed1f`](https://etherscan.io/address/0x5fdc9e485d188619092592a38cc9245b6fe8ed1f#tokentxns), labeled **Blockstreet: Launchpad**, also moved **10% of the token supply** through a proxy wallet to [`0x70201904dfe6e1686a2b1ca4e93a180614b39d1d`](https://etherscan.io/address/0x70201904dfe6e1686a2b1ca4e93a180614b39d1d). The funds remained inactive until **September 6, 2025**, when the entire token balance was moved to new wallets. From these wallets, most of the BLOCK tokens were later sent to centralized exchanges. Some tokens are still sitting in newly created wallets, while others have been swapped. We identified at least two **MEXC deposit wallets** that received a significant amount of BLOCK tokens, not only from this flow but also from other wallets. We will examine these MEXC-linked deposits in more detail in the next chapter.
* The third wallet, [`0x9bf93354831d8cf76310271290d5b46232758da1`](https://etherscan.io/address/0x9bf93354831d8cf76310271290d5b46232758da1) (labeled Blockstreet: Partnerships), received 10% of the total BLOCK supply, matching the allocation specified in the project's tokenomics. From this wallet, the BLOCK tokens were distributed across numerous recipient wallets. The majority of the allocation had been transferred out by the end of August 2025. A significant portion of the tokens ultimately reached centralized exchanges, including MEXC deposit addresses mentioned before. * The fourth-largest recipient was [`0x58fb7fbf560aaf83dce37a1d794efbd8616392c6`](https://etherscan.io/address/0x58fb7fbf560aaf83dce37a1d794efbd8616392c6) (labeled Blockstreet: Treasury & Marketing), which received 90,000,000 BLOCK, representing 9% of the total supply. Most of these tokens were transferred out of the wallet before the end of August 2025 and distributed across numerous intermediary wallets. Tracing these flows reveals repeated transfers to the same MEXC deposit addresses identified earlier in this investigation. The movement of funds through multiple intermediary wallets before ultimately reaching the same exchange deposit addresses forms a recurring on-chain pattern observed throughout this analysis and merits further scrutiny.

The flow of top 4 recievers.

* The distribution becomes even more noteworthy when examining the fifth-largest recipient, [`0x159Cea47ca38db96a544A1f915B38B5FF3129eDb`](https://etherscan.io/address/0x159cea47ca38db96a544a1f915b38b5ff3129edb#tokentxns), which received 8% of the total BLOCK supply. A portion of the tokens from this wallet was ultimately transferred to the same MEXC deposit addresses identified elsewhere in this investigation. The remaining tokens were distributed to a cluster of 10 wallets that exhibited highly similar trading behavior and appear to have operated as a coordinated trading bot network. We examine this wallet cluster and its trading activity in detail in a later chapter of this report. Many of the other wallets that received tokens through the larger **Disperse.app** distribution followed a similar pattern. The allocated tokens were first divided among several intermediary wallets before being distributed further to newly created wallets or transferred to centralized exchanges. At this stage, we have gathered sufficient evidence to narrow the investigation to two key areas. The first is the recurring network of **MEXC deposit addresses**, which appear throughout the token flows. The second is the coordinated trading wallet clusters, whose activity may have influenced the BLOCK token's market price. The following chapters examine both of these areas in greater detail to determine their role in the token's trading activity and overall market behavior. ### Analyzing the MEXC Deposit Addresses Our analysis of the wallets depositing **BLOCK** tokens to **MEXC** revealed that all of the deposited tokens originated from the supply initially distributed through **Disperse.app**. One particularly noteworthy connection is that [**0xd95DbD432852Cb01F0890bB79c146B1b09CEb046**](https://etherscan.io/address/0xd95dbd432852cb01f0890bb79c146b1b09ceb046#tokentxns)**,** the wallet that originally funded the **Deployment Funder** and played a key role in the project's initial operations, also deposited BLOCK tokens to these 6 suspicious MEXC deposit wallets. The tokens were routed through the intermediary wallet [**0x601D8c32aeafe8bA48f2181CD63812eF074DaEC7**](https://etherscan.io/address/0x601d8c32aeafe8ba48f2181cd63812ef074daec7#tokentxns) before reaching the exchange deposit addresses. The six MEXC deposit addresses directly linked to the initial team distribution of BLOCK tokens identified throughout this investigation are listed below: * [**0x8fcb8d5784ee287f47b32527a021dd942333e72f**](https://etherscan.io/tokentxns?a=0x8fcb8d5784ee287f47b32527a021dd942333e72f\&p=3) * [**0xf835d22fd0c7e5069b19dd5efedd6697151c99a7**](https://etherscan.io/tokentxns?a=0xf835d22fd0c7e5069b19dd5efedd6697151c99a7\&p=1) * [**0x18884e2b45c40f1362cb1b1b8fa0fc9cf0afad24**](https://etherscan.io/address/0x18884e2b45c40f1362cb1b1b8fa0fc9cf0afad24#tokentxns) * [**0xa6e1050da8ec57f916db7fefee2e5c5867c3a4e6**](https://etherscan.io/address/0xa6e1050da8ec57f916db7fefee2e5c5867c3a4e6#tokentxns) * [**0xfeb71d0e6dc041fb7a6b4d44c4554ec1d40f8286**](https://etherscan.io/address/0xfeb71d0e6dc041fb7a6b4d44c4554ec1d40f8286) * [**0x11bb858f7a893413bef3f06c566ccff2c9ba9f8b**](https://etherscan.io/address/0x11bb858f7a893413bef3f06c566ccff2c9ba9f8b) The diagram below illustrates the simplified flow of **BLOCK** tokens into these six MEXC deposit addresses.
In total, **216,417,476 BLOCK** tokens, approximately **21.6% of the total token supply,** were transferred to MEXC through these six deposit addresses. This makes them one of the largest on-chain destinations for BLOCK tokens identified during the investigation. We also estimated the **USD value** of the transferred BLOCK tokens by using the market price at the time of each transfer. Assuming there had been sufficient market liquidity to absorb all of the sales, the total value of these token transfers would have been **approximately $29 million**.
Wallets Consolidating Funds to Six MEXC Deposit Addresses
WalletAmountTransfers
0x601d8c32aeafe8ba48f2181cd63812ef074daec711,415,390.004
0x35c10b618b31431aaed8de0e295059e04f58613610,383,211.702
0x53afc77a5c5bdb93fa5abb606516d6f9b80d3e6310,000,000.003
0x784d7fa3b9ca46821c0f9f238d13d722d4991ad210,000,000.003
0x71dcbcaa005f80dbff67ffdd94b74a735320035e10,000,000.003
0x120051a72966950b8ce12eb5496b5d1eeec1541b9,999,671.921
0xd5a88eb57cf3f7857c8bdee14f4e34561e2fab1d9,100,000.002
0x5836b498f53e93401e4614333bbbbb0418d79a878,900,000.002
0x49c333017bd04633f8ed7a7dd62973d23adabccc5,288,293.001
0xda96cdce297172d0c958b4a6ec1504826a2f8ef55,100,569.652
0x707e594b6bcd169d240d1f63832f0aabe3a63b274,936,787.961
0x9e7e03c0b657b39414437c1a3367c020fde91a554,156,321.001
0xa6c3136789a25a1fc0f0437e56889a0fd79553974,053,256.001
0x5ebf6f91cb7f5116da2d82cd22ec57ec313b33543,896,582.001
0x10fb9c7bf06e61b5abaad2420096fb0c850361623,789,651.002
0x3968e5382d2fa328519732cf2bae0e1eed332afc3,648,486.521
0xd626c45cdc5f9d82bb3c434bc85a6cd867f2ba543,625,481.001
0xd2a2840a135936dbc857b4fd025d35e1d453926b3,569,874.001
0xfe77db9c832b80dba1ea1ce58d6029452bfc57a23,500,000.001
0xdec938123e90c6ee4a0337081c34f974dd6a82b73,401,421.811
0x2bc31b25f8e6379b405d258da07427a16d8fa20c3,259,695.901
0xd6990e42afd98312be086c7d58a21f081066b89c3,158,742.001
0x880e2b96906451576d9cd674dac3f78f6117541c3,145,872.001
0xe869376a71be3ee0968162eb316deed744f4903d3,087,180.901
0xd6e07bd0b2dfbdbbf7eeb7b8e8bfa9533d27b5dc3,055,874.001
0x6648aac06dde0f90582f22397be65c1d747928692,900,000.001
0xe50279924821bb8b581d32345dccd28488894fe22,896,522.001
0x660a09d02bf6ed992467d9cfe0625a30adb74d7c2,894,652.001
0x4efac3220ec7a50e604b5f6cb3af1ea827ebfa202,874,512.001
0x73ea304b8cc0a3a733f7200409eea9f88d0ca9742,865,414.001
0xc7e288ee5bdd6be748ffbcaf693b106b21cb0f922,850,002.0014
0xb286ae2e49c0eccde9accf36ed271b0c584868c32,841,256.001
0xfdd71ebfc3f4a82e0d3e92da75c361359961aa672,834,518.181
0xe43eedf3f6d1268c232406a349b6522ab16925342,750,000.001
0x23400f1797eb4791650354b20c24392c51f3af982,750,000.001
0x3ef1123fd15fc59468059ebbd9d95c153d5ad0bc2,510,986.501
0xaa4bfcab17f5e4aef456d278ece918446009a4652,500,000.001
0x80b0ae0ad79a59ef371b55e0cc8b0fcfe73143e22,477,548.601
0x05411829203a8d9b311a46445a1f9855ce0b0f1a2,410,784.001
0x05414f716065fe9696eeaf8bc2f2a1aaece08c602,400,000.441
0x7ac81b2215c2c8b16c0538a5b2b8dab7a75bae9c2,145,213.001
0xb801b0edf24d6cb468472f693b37e674e587f33d2,100,000.001
0xe6e50e5c061a809184d8659132001f63dd7f70c71,814,033.291
0x6b9843cbfae5fcaf8a7609c951d6a409939a7d391,014,889.001
0x5571c8703412a1482fd47de2bbf97a189f50bbbd947,637.001
0x76b132115652fa22528ef1519f4f0559eee934c5932,142.001
0xa5bffbe5cf50a4c75db955e78623f88ba8a12587900,000.001
0xec106463b17087fee19aa092de6297447d211243881,836.001
0xd1d587da9dacdff914bf89b3ebcd35fed3aa9d97868,678.001
0xa97be158d3a53d364d8bc7d13826d72e300d58d8862,140.001
0x620ef12b7ca3b3932e58d60ae105e345d4f8c855839,170.001
0xc248f65e2e636e5fac93fd7a1a2a66efe0166f1c805,717.001
0x8b5e3691c28e613cc4ec52d5455c66fab9964f7b762,141.001
0xa778ec8d347c4a6a86ed070ded7f29038421b984690,233.001
0x5c2bd975de78745875aa3fae63e94e96cbd3abf4680,000.002
0x0dd5b3d3e3d20ed1403db4b368a11c8fa8a87572623,352.001
0xd118cfa3b67835029b7925c1ec709f99004dda21600,000.001
0x3263b6d70b8d10d7ed96d5f0c3457e409b6c05ba600,000.001
0xe2ebeef0672e0b789859492591e46f8f52f9161f578,361.001
0xa62fe5e7ad7c2f364cd262ac27d0992fb3630fbe566,480.971
0x6ca7bd65395d4426118959d600f86b1d615a89da552,701.191
0x80e317e325bfcbcea01a750bc162f009aebc7a8d500,000.001
0x98890a9d7b84d28b6433899af5a9cdbf1defe1ce473,223.101
0x8b6fa2aee0b84a18238f91e313749b543f7fd7be471,028.481
0xfd10cca5c076093a80c685c687ffde0c449115d8402,042.001
0xc8caa8fc136ea03df911fab48fb27b5c51b76575351,620.541
0x1f6c441ea6659b452e8bd22ffacf09006cbb58e1336,888.091
0x38977dae70ac5cd0daf60fb63537591decf22887320,000.922
0xdc45cf082e5c1c3af45721f73c9de04d7baa3230293,434.811
0x4c1d3a2dcbf4c1cfd4662a4763707a1bc960123f263,670.001
0xd1ec35961858f978c5626d12a8e1707a279aa537200,506.001
0x62fa07b4c1a95598370bc91259192c493e4cc285166,781.961
0x181193b48f0e049542879ac68568ac39f4028de7155,226.821
0x92917854ba09370c554d5411ef71e5d5d09615c789,206.001
0x16bbf63d1cd22928afb17ff2a30189075dd20de070,713.001
To better understand the timing of these transfers, we created a chart showing the **inflows of BLOCK tokens to the six MEXC deposit addresses** (purple bars) alongside the **BLOCK token price**. The chart shows that the largest inflows to these MEXC deposit addresses consistently occurred shortly before the token experienced its most significant price declines. One possible explanation is that these deposits were followed by increased selling activity on MEXC, contributing to additional sell pressure. However, this interpretation should be treated with caution. Because we do not have access to MEXC's internal trading data or order books, we cannot directly verify whether the deposited tokens were immediately sold. Nevertheless, the temporal correlation between the large exchange inflows and the subsequent price declines is noteworthy and highly suspicious.
To summarize, wallets directly linked to the team's managed wallets, or exhibiting strong on-chain patterns indicating they were under the control of the entity behind the BLOCK deployment, transferred **nearly 22% of the total BLOCK supply** to **six MEXC deposit addresses**. Based on the market price at the time of each transfer, these tokens had an estimated combined value of **approximately $29 million**, assuming sufficient market liquidity to absorb the sales. While on-chain data alone cannot confirm that all of these tokens were sold, the coordinated movement of such a large portion of the supply to the same exchange deposit addresses is a significant and noteworthy pattern that warrants further scrutiny. ### Analyzing the Large Trading Bot Cluster The most significant finding of this investigation is the identification of a large, coordinated trading wallet cluster that appears to have been used to extract value from the **BLOCK** token. Our analysis identified substantial on-chain flows of BLOCK tokens from wallets linked to the project team into this trading cluster. The tokens were then continuously transferred between newly created wallets after every few dozen trades. The overall pattern was highly consistent: the wallets repeatedly bought and sold BLOCK, and once sufficient profits had accumulated, the proceeds were transferred to dedicated **profit collector** wallets.
To date, we have analyzed **more than 3,000 wallets** associated with this cluster. Collectively, these wallets executed **over 150,000 BLOCK swap transactions** and generated **more than $7 million** in realized profits. The investigation is still ongoing. Not all wallets connected to the cluster have been analyzed yet, meaning that both the total number of wallets involved and the cumulative profits are likely to increase as additional wallet relationships are identified.
The table below lists the 25 most profitable trading wallets identified during the investigation.
walletTotal USD profitsTotal Swaps
0xbf64752dc6e1c5c8fe567aa97658445592b75a85190,021.0089
0x8b2f6b5253df61c46b7dc383da2ef5d1dd5e6365183,594.62824
0xb234db75cdfe111fbc453c04a1e39953296f2c38159,108.6987
0x379d04fe86b788cd24a8ba4a5d4a4c725c2213ee151,346.09205
0xd2d5c98414d05350d5fabda3e778225e4f2e875c143,435.66219
0x7b2734309e750aad15034048b10e46c1318462ad142,668.64223
0x7c282509914ff2b1bbcda88b3f213332edf8871c137,406.80182
0x79f5e7ed3b4bb387920293f7273f1686fff354dd128,579.3980
0xab3fcb3b4c30f534f4b6cfee8e6a743893dbfbfd126,978.43553
0x7ca27acbad5594759937fde92659a43517d0af12115,354.8987
0x656138a375e27504467f7fee84ae8752333d3c46109,084.11274
0xf65a4906530d34332f9db205bfbec47f8a0f6c56107,512.46180
0x2c69d3e91344b8cf19f9f932231f4085ed67e51c106,821.20537
0x43a540c6a4316bdd37b6f57383b7c4ba55497ecc106,706.88259
0x2d9df84657df7a4a894431037e5b875b75f181b8105,137.05177
0x54dcb751a27cc56950a8594f1e03b8fa97fb3e5593,764.20320
0xc35283f0e0752f19da7a591dd43a00a3e7825c9c93,298.7060
0x8324028e1cea764c81dfdaee160614416f110ffe93,186.9478
0xbb0b02626f47a3d4bb152894984b7188a8d6731990,715.5697
0x9f14b16e77de147249d68da0cf872bf0c1e4ebf187,450.69143
0x4960c842ac5a8e606f2c59ab50596e141ca3b01885,910.73126
0x7c1d888c73fcce6fe9ddf5a488c7d3bd04439b8385,172.05280
0xf03736435697c4ea85a25c6c82a2ca43dd83c94b84,702.04314
0xcee14cf8fe7c5c66fce593c3ab8003169c0e925283,160.51196
0xe50119e453b7c16ea5c30fe4c2b2d9d0cb8a2f5f79,997.22150
The timing of this activity closely matches the behavior previously observed in the smaller trading wallet cluster. The larger cluster became active immediately after **July 23, 2025**, coinciding with the end of the smaller cluster's operations. This strongly suggests that the larger cluster was not an independent operation, but rather a continuation and expansion of the same coordinated trading strategy. The chart below illustrates the trading activity of the large wallet cluster, aggregated into **12-hour intervals**, alongside the **BLOCK token price**. It also shows the **net realized profits** generated during each interval, allowing the trading activity and profit extraction to be compared directly with the token's price movements over time.
After analyzing the trading patterns and swap activity, we shifted our focus to the profit flows. The profits generated by the trading wallet cluster had to be transferred somewhere, and by tracing the on-chain transactions, we identified several primary extraction paths: * **Profit collector wallets.** A large portion of the profits was consolidated into a small number of dedicated **profit collector** wallets. These wallets aggregated funds from multiple trading wallets before redistributing the proceeds to other wallets or transferring them to centralized exchanges. The list below shows the largest profit collector wallets identified during the investigation: * [`0x52a673ca01b9e7d214fff905cf5c0b2882f80472`](https://etherscan.io/address/0x52a673ca01b9e7d214fff905cf5c0b2882f80472): Between **2025-07-26** and **2025-08-09**, the wallet received **2,454,089 USD1** and **545 ETH** from multiple trading wallets. At the time, the ETH was worth **more than $2 million**, bringing the total value of the received funds to over **$4 million**. The funds were subsequently transferred through multiple intermediary wallets before being largely consolidated into deposit addresses belonging to centralized exchanges. * [`0x07484edC16A450bd8e746892C50077D5EB5B9bfB`](https://etherscan.io/address/0x07484edc16a450bd8e746892c50077d5eb5b9bfb): On **2025-08-07**, the wallet received approximately **250,000 USD1** and **65 ETH** from multiple wallets belonging to the identified trading cluster. * [`0x0031eF0B0A0b10A31022a0E26A3A01eA821a42Ff`](https://etherscan.io/address/0x0031ef0b0a0b10a31022a0e26a3a01ea821a42ff#tokentxns) : Received **109,816 USD1** from **five trading wallets** on **2025-08-15**. * [`0xb49d4460bd7BE6cEf74b416ABc0610905955228c`](https://etherscan.io/address/0xb49d4460bd7be6cef74b416abc0610905955228c): Received **250,000 USD1** and **60.35 ETH** from **ten trading wallets** on **2025-08-20**. * [`0x66Db77E2cF6d03D48b7bAB6025E9544010dF8297`](https://etherscan.io/address/0xcae49eb72a359b659c3259cf168bb13d0d7bc7cf): On **2025-08-22**, the wallet received **93 ETH** and **150,000 USD1** from multiple wallets belonging to the identified trading cluster. * [`0x66Db77E2cF6d03D48b7bAB6025E9544010dF8297`](https://etherscan.io/address/0x66db77e2cf6d03d48b7bab6025e9544010df8297#tokentxns): On **2025-08-24**, the wallet received **486,000 USDC** from wallets belonging to the identified trading cluster. * **Direct transfers to exchange deposit addresses.** Some of the larger profits were sent directly from the trading wallets to deposit addresses belonging to centralized exchanges, bypassing the profit collector wallets. Several examples are presented below: * The **Bybit deposit wallet** [**0x1f419Ce849d6Ee4e54Fd3b6295D3BCEFfeC36C2d**](https://etherscan.io/address/0x1f419ce849d6ee4e54fd3b6295d3bceffec36c2d#tokentxns) received a combined **221,200 USD1** from two trading wallets: * **2025-08-08** – **119,812 USD1** from [**0x4b0d2D86401a2E9A5059FCCAeD6AE118C5309C50**](https://etherscan.io/address/0x4b0d2D86401a2E9A5059FCCAeD6AE118C5309C50) * **2025-08-11** – **101,388 USD1** from [**0xE3250846ed8d851f968225AA778194dEE70688cF**](https://etherscan.io/address/0xe3250846ed8d851f968225aa778194dee70688cf) * **2025-08-27** – **70,000 USD1** was [transferred](https://etherscan.io/tx/0xb2e3b509f9f87a56fb448fdf14884c5820d4514136c19c7c52aa110dfa9fee40) to the **KuCoin** deposit wallet [**0xf7d33f4713d5690a73a4bcb0f71be61e33a5d8a0**](https://etherscan.io/address/0xf7d33f4713d5690a73a4bcb0f71be61e33a5d8a0#tokentxns) * **2025-08-29 - 105,264 USDT** was [transferred](https://etherscan.io/tx/0x23dc0140bdea710348c6d61faa1fd9e375b69a23c3fdfd2e1e4073442ca66557) to the Gate deposit wallet [**0x236Bc37bE7D1f40dc3Fc2590f076469A73e06D63**](https://etherscan.io/address/0x236bc37be7d1f40dc3fc2590f076469a73e06d63#tokentxns) * **Remaining BLOCK tokens transferred to exchanges.** In addition to stablecoin profits, significant amounts of BLOCK tokens were transferred directly to exchange deposit addresses, where they were likely intended for sale. * **Numerous small exchange deposits.** We also identified hundreds of smaller deposits, typically **0.4 to 1 ETH** per transaction, although some were several ETH, to deposit addresses associated with multiple exchanges, including **HitBTC, ChangeHero, ChangeNOW, Binance, KuCoin,** and **HTX**.
This part of the investigation is still ongoing, and we will update this chapter as new findings become available. Based on the evidence collected so far, the on-chain data indicates a coordinated operation that can be traced back to wallets directly linked to the BLOCK token deployment. As the investigation progresses and additional wallet relationships are analyzed, we expect to further refine and expand these findings. ## Current Project Status To conclude this report, we examine the current status of the **BLOCK** project following its acquisition by **AI Financial** in **April 2026**. Our objective is to determine whether the project remains actively developed or whether the team may be preparing for a migration to a new token, similar to what occurred with **MIXIE**. We begin with an overview of the project's public communications and social media activity, followed by an on-chain analysis of the most recent wallet activity and token movements. The [acquisition announcement](https://x.com/BlockStreetXYZ/status/2049860370144067748) did not provide any concrete details about the future of the **BLOCK** project or the role of the **BLOCK** token going forward.
Following the acquisition, the project's communication on **X** declined significantly. Although a few announcements have been published, they have been largely high-level updates and have not addressed key questions regarding the project's roadmap, the utility of the BLOCK token, or any plans for its future. Overall, communication from the team has been limited and lacks the level of transparency that token holders would reasonably expect. At the time of writing, the most recent post on the official X account was [published on **July 2**](https://x.com/BlockStreetXYZ/status/2072772328711414062), providing only a general summary of the project's June activities without offering any substantive updates on the token or its long-term direction. The LinkedIn profiles of Blockstreet’s core team members still indicate that they are actively working at the company. However, no public announcement has explained how the team structure changed following the acquisition. We were able to confirm that **Matt Morgan** continued working as **Global Head of Vision at AI Financial**, but we found no comparable announcements regarding the roles or future involvement of the other Blockstreet team members. Our research also identified announcements that **BLOCK** was being removed from several centralized exchanges: * **MGBX:** [*MGBX Will Delist BLOCK/USDT, FLOCK/USDT, and XCX/USDT Spot Trading Pairs*](https://support.mgbx.com/hc/en-gb/articles/16028824201359--Spot-Delisting-MGBX-Will-Delist-BLOCK-USDT-FLOCK-USDT-XCX-USDT-Spot-Trading-Pairs) * **MEXC:** [*MEXC Announcement on ST Warning (June 2026)*](https://www.mexc.com/announcements/article/mexc-announcement-on-st-warning-june-2026-17827791535843)
[CoinGecko currently shows](https://www.coingecko.com/en/coins/block-4?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dmax) only one CEX listing:
Exchange delistings and special-treatment warnings are generally negative indicators, particularly when they occur alongside declining project activity and limited communication from the team. While these announcements do not independently prove that the project has been abandoned, they raise additional concerns about its current status, liquidity, and long-term viability. From an on-chain perspective, the only significant recent activity originated from [**0xD9EcDb415841761043520A8c7F043437127718Ef**](https://etherscan.io/address/0xd9ecdb415841761043520a8c7f043437127718ef#tokentxns), the **Blockstreet company multisig wallet**.
In **May 2026**, the multisig transferred a total of **50,000,000 BLOCK** to three wallets. The tokens were then distributed through several intermediary wallets before being deposited into centralized exchanges (before the delistings) or sold through decentralized exchanges. No other significant on-chain activity was identified during the past several months. Combined with the limited public communication and declining social media activity, the available evidence suggests that activity surrounding the project has been substantially reduced. Based on the information available at the time of writing, it is difficult to draw definitive conclusions about the future of the **BLOCK** token. However, from both an on-chain and public communications perspective, the project appears to be in a state of minimal activity, with few signs of ongoing development or ecosystem growth. While it is not possible to conclude that the token has been abandoned, the current evidence indicates that it is no longer being actively developed or promoted. ## Mixie On-chain investigation A comprehensive on-chain investigation of the **MIXIE** token would require a substantial amount of additional analysis. Rather than delaying the publication of this report, we decided to release our findings on the **BLOCK** token first and address MIXIE in a separate report in case of interest. On **June 6, 2025**, we published a preliminary review of the MIXIE token, where we identified several suspicious wallets and token extraction patterns. A summary of those initial findings can be [found in our post](https://x.com/blokiments/status/1931098167266758879). During the course of the BLOCK investigation, we revisited the MIXIE wallets and uncovered significantly more evidence than was previously known. Our analysis indicates that a large portion of the token supply was acquired, traded, and ultimately sold through wallets linked to the same entity behind the MIXIE deployment. If there is sufficient interest from the community, we will publish a dedicated, in-depth on-chain investigation of the MIXIE token covering the full wallet network, token distribution, and fund flows. Let us know if you would like to see that report. ## Conclusion This investigation traced the on-chain activity surrounding the **BLOCK** token from its deployment through its subsequent distribution, trading activity, and current state. The analysis identified a direct on-chain link between the wallets involved in the deployment of the **BLOCK** token and wallets previously associated with the **MIXIE** token on BNB Smart Chain. Funds generated from the MIXIE ecosystem can be traced through bridge transactions and intermediary wallets to the wallets that funded the deployment of BLOCK, establishing a clear relationship between the two projects at the wallet level. The investigation also found that the official token distribution closely matched the published tokenomics for the largest allocations. However, once distributed, a substantial portion of the supply was transferred through large networks of intermediary wallets before ultimately reaching centralized exchanges. More than **20% of the total token supply** was traced to a small number of MEXC deposit addresses, representing one of the largest identifiable destinations for team-linked tokens. One of the most significant findings was the identification of a large, coordinated trading wallet network. To date, more than **3,000 wallets** connected to this operation have been analyzed, revealing over **150,000 BLOCK swap transactions** and more than **$7 million** in realized trading profits. The investigation also identified a smaller predecessor cluster that operated immediately after launch, followed by a much larger trading operation beginning in late July 2025. The timing and on-chain behavior suggest that both clusters formed part of the same coordinated operation. By tracing the proceeds from these trading wallets, the investigation identified several recurring profit extraction paths, including dedicated profit collector wallets, direct transfers to centralized exchange deposit addresses, and numerous smaller deposits across multiple exchanges. The movement of profits and tokens followed consistent patterns that were repeated across hundreds of wallets. Finally, the investigation examined the project's current status following its acquisition by **AI Financial**. Public communication has become limited, several centralized exchanges have delisted or restricted trading of the token, and recent on-chain activity has been relatively low apart from transfers originating from company-controlled wallets. At the time of writing, there is insufficient evidence to determine the project's long-term plans, although both the public communication and on-chain activity indicate a significant reduction in project activity. It is important to note that on-chain analysis can establish relationships between wallets, reconstruct fund flows, and identify recurring behavioral patterns, but it cannot by itself determine the intent behind those transactions. The findings presented in this report are based solely on publicly verifiable blockchain data and should be interpreted in that context. The investigation remains ongoing. As additional wallets are analyzed and new evidence becomes available, this report will be updated with further findings and refinements. # In depth: WhiteRock Finance A comprehensive analysis of the WhiteRock Finance project to identify any potentially suspicious elements. {% hint style="info" %} The investigation took place between June 5, 2025, and June 13, 2025. {% endhint %} Over the past few days, we received several indications suggesting that WhiteRock may be a scam, with possible connections to the team behind the ZKasino fraud. Intrigued by the claims, we launched a thorough investigation into the project. While this report may be lengthy, our goal was to provide a detailed, transparent, and well-supported analysis to ensure everything is clearly understood and verifiable. We invite you to read on and examine the findings for yourself. ## TLDR; Here are the main red flags we identified for the project: * The core stock trading functionality was down for 9 days due to an expired API HTTPS certificate, and no one noticed until we contacted support. * Unverifiable partnerships: No credible evidence supports any claimed partnerships, and users asking about them were banned. * The team is mostly undoxxed and unverified, with no publicly confirmed identities or credentials. * Opaque and upgradeable contracts: Both WHITE and USDX tokens use proxy contracts, allowing the team to alter the core logic at any time without notice. * USDX stablecoin suffers from low liquidity, lacks real backing, is not properly pegged 1:1 to USD, and has other significant issues. * The “fair launch” is ongoing, but there is no proof of the promised new blockchain being developed. * Actual trading volumes and user adoption are far lower than the team’s public claims. ## About the project WhiteRock Finance is a blockchain-based project that aims to transform traditional finance by tokenizing real-world assets (e.g., stocks, real estate, bonds) and bringing them onto the blockchain. It positions itself as a solution to the inefficiencies and gatekeeping of legacy financial systems, with a focus on decentralization, transparency, and financial inclusion. * Official webpage: * Official docs: * Blog: * Twitter (X) account: * Discord: * Telegram: * Medium: We began by reviewing the core features that WhiteRock claims to offer, which we will examine in detail throughout this report. These include: * **USDX Stablecoin** ([source](https://docs.whiterock.fi/info/usdx)): USDX is a stablecoin allegedly pegged 1:1 to the U.S. dollar. According to WhiteRock, the funds backing USDX are invested in U.S. Treasury bills, considered one of the safest assets globally. They also claim to offer **automatic yield distribution**, promising around 5% annual returns to all USDX holders, instead of retaining the profits themselves. * **Tokenized Stocks** ([source](https://docs.whiterock.fi/info/tokenized-stocks)): WhiteRock claims to offer tokenized stocks, allowing users to own fractional shares of real-world equities in a secure, transparent, and accessible manner. Only a few stocks are reportedly available for trading at this stage. * **WHITE Token** ([source](https://docs.whiterock.fi/resources/tokenomics)): The project’s native token, WHITE, has already launched and is currently being traded. * **White Network & WHITENET Token** ([source](https://docs.whiterock.fi/white-network/introduction)): The team claims to be building their blockchain infrastructure, referred to as the “White Network.” A fair launch of the associated WHITENET token is said to be in progress. All of these features and claims will be critically analyzed and reviewed in the following sections of this report. The project began showing signs of activity around September 2024, based on its Twitter presence, with the first post appearing shortly thereafter. We reviewed the project's roadmap and, according to their timeline, they should currently be at the end of Phase 1. However, the [roadmap](https://docs.whiterock.fi/roadmap/summary) itself appears vague and lacks clear timelines or concrete milestones. For a crypto project claiming to deliver such an ambitious use case, the roadmap feels overly simplistic and unprofessional, raising questions about the project's planning and execution capabilities.

Roadmap from the project documentation.

## App features and usage Next, we wanted to evaluate the features offered within the app, which is accessible at: . Currently, only two dashboards are available. The first one is a basic wallet overview with no notable or functional features.

Wallet dashboard.

The investment dashboard currently offers the option to buy five different stocks. To better understand how the platform works and assess the user experience firsthand, we decided to test it ourselves by allocating a small amount of funds. This allowed us to explore the app’s functionality and see what was happening behind the scenes.
To begin trading stocks on the platform, you must first deposit USDT into a newly generated wallet address provided by the app, which is controlled by the team. In return, you are issued USDX tokens to your platform wallet (more on this later- many red flags). Currently, no alternative deposit or funding options are supported.

Options to buy USDX tokens.

After completing the deposit, we attempted to buy a stock. However, before making a purchase, the platform requires you to enable meta-transactions for your wallet. When we attempted to complete this step, an error message appeared in the bottom-right corner, indicating that an issue had occurred. To investigate further, we checked the browser console for a more detailed error message.

An error when enablinig meta transactions.

What we discovered is quite telling: the HTTPS certificate for the relayer API had expired, preventing the browser from establishing a secure connection and triggering an error. This is a fundamental issue that any serious project should properly maintain. An expired SSL certificate reflects poor operational oversight and raises concerns about the team's overall professionalism and technical reliability.

Console logs.

We checked the SSL certificate for the platform’s API and found that it expired on June 3, 2025. As of our review on June 11, 2025, the certificate had expired for 9 days, meaning the app was likely non-functional during that time, and no one from the team appeared to notice or take action. All issued certificates and their corresponding dates can be independently [verified here](https://crt.sh/?q=whiterock.fi\&dir=^\&sort=4\&group=none).

crt.sh cert history for whiterock.fi domain

We reached out to the project's support team on Telegram to report the issue (without revealing that we had already identified the cause). They responded by asking us to move the conversation to direct messages. The first reply we received was: > I just got feedback from the development team. This is a general issue and they're working to resolve this. I will let you know as soon as it's resolved or there's an update After a few hours, the support team got back to us and asked for a screenshot of the browser console to better understand the error. Not long after we sent it, the issue was resolved, and the button for enabling meta-transactions started working as expected. We also noticed that a new SSL certificate was issued on June 11, 2025, confirming that the fix was implemented.

crt.sh cert history for whiterock.fi domain

After that, we attempted to invest in the WHITE token directly through their website, but the feature was not functioning properly, and the transaction failed to process.

Swaping USDX to WHITE.

Next, we attempted to invest in a stock and selected Coinbase (COIN) for demo purposes. We tried to perform the minimum swap of 10 USDX, but the trading feature was unavailable, and the transaction failed. Instead, we tested the "minting" option, which finally worked. Upon reviewing the on-chain transaction, we noticed a 7 USDX fee was deducted and transferred to the following wallet address: [`0x6d0d7547cd6dd38503beef76544c3130e7d04409`](https://etherscan.io/address/0x6d0d7547cd6dd38503beef76544c3130e7d04409#tokentxns).
Upon checking the wallet activity, we confirmed that there were no new incoming transactions since **June 1, 2025**, which supports the conclusion that the app was effectively non-functional for **nine consecutive days**.

Fees collected from the stock trading app.

Let’s wrap up this section with a summary of our findings. Based on what we've seen, actual usage appears to be very low, a fact reinforced by the 9-day outage caused by an expired API certificate that seemingly went unnoticed by both the team and users. This is highly concerning for a platform claiming to be a serious project. At this point, the product feels more like a hastily assembled prototype than a functional trading platform. While it's framed as a cutting-edge RWA solution, the lack of polish, depth, and reliability suggests otherwise. Even the on-chain execution model, as described in the documentation, raises questions about its accuracy and legitimacy, a topic we’ll examine more closely later in this report. ## Partnerships Partnerships are a critical component of growth for any crypto project. On WhiteRock's official website, several major companies and institutions are mentioned, including BlackRock, StoneX, and First Citizens Bank, which implies potential affiliations or collaborations.

A screenshot from the webpage mentioning the partnerships.

These partnerships would significantly boost the project's credibility if only they were genuine. To verify their legitimacy, we conducted a thorough investigation across the web, Twitter, and the official websites of the companies mentioned. As we’ll demonstrate next, many others have also searched for proof, but their efforts have come up empty. When users ask about WhiteRock's partnerships on their official Reddit account, their posts are often removed. Here's one such [example](https://www.reddit.com/r/WhiteRock_Fi/comments/1kz5jo2/why_are_we_not_seeing_verified_partnerships_where/).
Even on other platforms, such as Telegram and Discord, users report being banned simply for inquiring about these partnerships. Numerous similar accounts can be found on Reddit and various blog posts, highlighting a pattern of censorship around this topic.
Here is an [interesting review](https://www.reddit.com/r/CryptoScams/comments/1kz9sx1/after_engaging_directly_with_whiterock_team_heres/#:~:text=,any%20of%20the%20companies%20mentioned) about the topic:
We also attempted to verify the claimed partnerships using independent sources beyond the project's official website, but found no supporting evidence. There’s no official press release from BlackRock or any of the others. **This lack of transparency is highly suspicious and represents a major red flag**. With further investigation, we uncovered even more concerning information related to the alleged partnerships and potential token price manipulation. In April, there was news about World Liberty Financial (WLFI), a crypto project linked to the Trump family backing the WhiteRock. Zebec Protocol announced a collaboration with ‘WLFI-backed WhiteRock.’ This announcement seems to be the source of the confusion, suggesting a link that WLFI now denies. The WHITE tokens on the World Liberty wallet could lead to confusion. Just after the Zebec Protocol and Zach Witkoff (co-founder at WLFI) apologized and tagged the news as false.
Upon examining [World Liberty Financial’s wallets](https://intel.arkm.com/explorer/entity/worldlibertyfi), we found they hold 10 billion WHITE tokens, currently valued at around $9 million. However, transaction history shows [these tokens were sent from WhiteRock team](https://etherscan.io/address/0xe9c3b7f31fb4d577012796ddfb9d608d9f8decdd) wallets in February. This tactic, sending large amounts of tokens to prominent wallets, is commonly used by questionable projects seeking to gain legitimacy through perceived associations. For a project that claims to be legitimate, this raises yet another red flag.

Path how WHITE tokens got to the WLFI wallets.

To date, WhiteRock has not responded to Zach Witkoff’s denial or clarified its relationship with WLFI. Their continued silence only deepens the uncertainty surrounding the situation. The same amount of tokens, 1% of the total supply, was also sent by the team to Vitalik Buterin’s wallet address shortly after the token was minted in October.

Token flow

On May 14, the team [posted a tweet](https://x.com/WhiteRock_Fi/status/1922704482162356288) claiming that WhiteRock would become the official sponsor of a Premier League team. However, as of June 11, no further updates or proof have been provided to support this announcement.
In late May, a new rumor began circulating on X, claiming that WhiteRock was partnering with Ripple to tokenize the oil supply chain of a major Saudi producer, reportedly Saudi Aramco. Although neither Ripple nor WhiteRock has confirmed the partnership, the unverified claim sparked significant market excitement, causing the token to surge by over 100%. {% embed url="" %} {% embed url="" %} Even more partnerships have been claimed, such as one with SWIFT, but there is no way to verify these claims. This concludes our section on partnerships. Despite a thorough investigation, we found no verifiable evidence to support any of the alleged partnerships promoted by the project. Instead, we encountered a pattern of misinformation, questionable claims, and community members being banned for simply asking about these connections. This lack of transparency is deeply concerning and raises serious questions about the project's credibility. ## Team and Company One of the most critical aspects of any crypto project is the strength and credibility of its team. According to claims on the project’s website, WhiteRock is backed by a highly experienced team. > Our team brings extensive experience from working at top global banks such as Goldman Sachs, ING, and Emirates NBD. This deep knowledge in both traditional finance and blockchain technology ensures we deliver innovative and reliable solutions. There is no additional information about the team on the official website, including founders, team bios, or the number of people involved. This lack of transparency is highly unusual for a project led by seasoned professionals. We did, however, find a LinkedIn page for the company: [WhiteRock LinkedIn – People](https://www.linkedin.com/company/whiterock-fi/people/), which lists seven individuals as being associated with the project.
We also came across the following information on the project’s [official Reddit account](https://www.reddit.com/r/WhiteRock_Fi/comments/1j9rcq6/frequently_asked_questions_faq/):
However, most of the listed individuals either don’t have active LinkedIn profiles or their profiles are vague and lack the previously claimed experience. At first glance, everything appears quite questionable. For example, we looked into the profile of "Maxime Pizzolitto" - a supposed founder. And found very little evidence of this person existing outside of WhiteRock-related content. Nearly all references to the name can be traced back to WhiteRock’s materials, raising doubts about their authenticity. We also found a few livestreams featuring "Max G." and "Amin Azawib," but they appeared to be filmed from an empty office with no additional context. A broader online search yielded no credible information about these individuals.
Given the lack of transparency, we decided to investigate further and look for any traces of the WhiteRock team on Twitter and other online platforms. During our search, we came across a YouTube series by **Dead Daddy**, who dives into the story behind the project. According to the series, WhiteRock claims to be headquartered in Dubai, but there appear to have been some complications around this claim. You can watch the full video series here to form your own opinion: [YouTube Link](https://www.youtube.com/watch?v=MO6-H451_Bc). It offers a thought-provoking perspective on the project. Regarding official company information, we found it buried in the project’s Terms and Conditions, which mention ***WhiteStone Group Ltd**, incorporated in the British Virgin Islands (BVI Business Company No. 21593774, dated October 2, 2024).* This setup suggests a typical offshore shell company, with no supporting evidence of real operations, physical headquarters, or a legitimate business presence.
Another company name and address can be found in the footer of the WhiteRock website: > WhiteRock Institute Ltd is incorporated under registration number 2159373 and located at Trinite Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands.
While searching online, we came across rumors suggesting that one of ZKasino's key figures, **@XBT\_Prometheus**, is now operating under a new Twitter handle, **@20xBull**, and allegedly goes by the name **Ildar Ilham**. He is believed to have close ties to the WhiteRock project. These are serious allegations, and due to their significance, we’ve dedicated a full chapter later in the report to investigate this connection in detail.
With this, we conclude the chapter. There are numerous red flags surrounding the project. For a platform that aspires to become a leading Real-World Asset (RWA) solution for transparent stock trading, having a fully doxxed and verifiable team is essential. The lack of transparency, questionable affiliations, and unresolved concerns raise serious doubts about the project's legitimacy. ## Community and socials We conducted a review of WhiteRock project's social media presence and identified the following official accounts: * Twitter (X): * Telegram: * Reddit: * Medium: * LinkedIn: (already checked in the previous section) * Blog: * Webpage: Let’s start by examining the **Twitter (X) account**. It currently has over 40,000 followers and 232 posts. While the account was created in April 2021, the first post related to WhiteRock wasn’t made until September 3, 2024 - around the time the project publicly launched. This suggests that the account was created for a different purpose and later repurposed for the WhiteRock project.

First Twitter post.

We utilized the Telegram bot @twdata\_bot to examine the history of WhiteRock’s Twitter account. According to the data, the account has been renamed **four times**: 1. **@noisedeaf111156** 2. **@whiterockfi** 3. **@whitegizmodefi** 4. **@whiterock\_fi** (current) Interestingly, the original handle **@noisedeaf111156** appears in three older posts. The most notable is a reply from the official **@TeamYouTube** account to a now-deleted tweet by **@noisedeaf111156**, which can still be seen here: [@TeamYouTube Tweet – April 2023](https://x.com/TeamYouTube/status/1644832695300550656).

Historic @noisedeaf111156 search results.

The project's Medium blog contains only a single post published in December, with no further activity or updates since then.
The project also maintains a blog at **blog.whiterock.fi**, which, as of the time of writing this report (June 13th, 2025), is **inaccessible**. However, by using the [Wayback Machine](https://web.archive.org/web/20250605023643/https://blog.whiterock.fi/), we were able to **view archived versions** of the blog and examine its previous contents.
Reddit shows slightly more activity compared to other platforms. But, as previously mentioned, many direct posts about the project are removed by moderators. The subreddit currently has over 4,000 members, but it is essential to determine how many of these are genuine users versus bots or inactive accounts.
Regarding the domain **whiterock.fi**, historical WHOIS records show it was initially registered in 2019 by an individual named **Akinremi**. The domain was hosted through **Gandi SAS**, a French company specializing in domain registration and web hosting services ([gandi.net](https://www.gandi.net)). On **August 20, 2024,** the domain was transferred to a **private individual**, concealing the new registrant’s identity. This change is documented by services such as [whois-history.whoisxmlapi.com](https://whois-history.whoisxmlapi.com).

Domain registration

As of June 13, 2025, the project's official Telegram channel has **6,591 members**.

Messages per day in Telegram.

Unique active users in the group.

## $WHITE token analysis According to the project documentation, the **WHITE token** operates at the application layer and serves as the core utility token powering the Global RWA Platform. It has a total supply of **1 trillion tokens (1,000,000,000,000)**, distributed as follows: * **65%** – Public and Liquidity Pool * **20%** – Core Contributors (with a 2-year cliff and 60-month vesting schedule, which may be extended) * **5%** – Airdrop * **5%** – Marketing * **5%** – Future Private Sale / Treasury

The token distribution from the docs.

While **65% of the total WHITE token supply** is allocated to the public, the remaining **35%** is held and managed by the team at the following wallet address: [`0x7c6c0df61546098847d0a18395a74b54b737d4e0`](https://etherscan.io/address/0x7c6c0df61546098847d0a18395a74b54b737d4e0) * **Token creation date:** September 30, 2024, at 13:47:47 * **First DEX pair launch date:** November 20, 2024, at 22:22:11 {% hint style="danger" %} All tokens held in the team wallet are **currently unlocked and can be sold at any time**. There is no vesting schedule or lock mechanism in place for these tokens, meaning there's no enforceable restriction beyond the team's statements. Monitoring this wallet closely is advisable to track any future movements or potential sell-offs. {% endhint %} The token is available on the following networks: * WHITE on Ethereum: [`0x9cdf242ef7975d8c68d5c1f5b6905801699b1940`](https://etherscan.io/token/0x9cdf242ef7975d8c68d5c1f5b6905801699b1940#readContract) (the main chain for the project where most activity happens) * WHITE on Arbitrum: [`0x9cdf242Ef7975D8c68D5C1F5B6905801699b1940`](https://arbiscan.io/token/0x9cdf242Ef7975D8c68D5C1F5B6905801699b1940#code) (On this chain, the token looks dead with only one holder so we won't analyze it) * WHITE on Solana (this one is not mentioned in the docs, but looks active): [`ENWC66tsY6cyqSrd8a7S9ETc712xCcSAuGcRUwSMWhyo`](https://solscan.io/token/ENWC66tsY6cyqSrd8a7S9ETc712xCcSAuGcRUwSMWhyo)

WHITE price action

As of June 12, 2025, the WHITE token has a fully diluted valuation (FDV) of **$1.11 billion** and a market cap of approximately **$732 million**, *excluding* 35% of the total supply still held by the team. Currently, there are only two notable liquidity pools: * An **Ethereum pool** with around **$1.7 million** in liquidity * A **Solana pool** with roughly **$500,000** One important point to highlight is that **the liquidity in all pools is currently unlocked**, and **the team provides 99.92% of it**. This means the team has full control and could withdraw the liquidity at any time, potentially executing a rug pull. This is a significant red flag for any project claiming long-term legitimacy. To build trust and improve credibility, the team should **lock or burn the LP tokens**, ensuring that the liquidity remains in place and reducing the risk for investors.

Liquidity providers.

The token is also listed on a few centralized exchanges (CEXs), but none of them are well-known or considered reputable within the industry.

White markets from Coingecko.

PeckShield audited the WHITE token’s smart contract, and the full report is available here: [PeckShield Audit Report – WhiteRock v1.0](https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-WhiteRock-v1.0.pdf). However, it's important to note that this audit only covers the token contract itself, not the broader ecosystem. The WhiteRock platform operates using multiple smart contracts, but aside from the one mentioned above, no other contracts have been audited. This contradicts the claim made on the project’s official website, which states:\ **"Every transaction is processed on the blockchain through smart contracts audited by PeckShield, ensuring a streamlined and secure experience."** We will explore these additional smart contracts and ecosystem features in more detail later in the report.

Screenshot from the project website.

Another important detail worth highlighting is that both the **WHITE** and **USDX** token contracts are implemented as **proxy contracts** (as explained by the project [here](https://docs.whiterock.fi/technical/contracts#proxy-contracts)). This means the contracts are upgradeable. The team can modify the underlying logic of the tokens at any time. While major players in the industry commonly use this architecture, it’s typically adopted by well-established, fully doxxed teams with a long track record and strong reputations. In the case of WhiteRock, where much of the project remains opaque, with unverifiable team members and questionable affiliations, this level of control is a serious **red flag**. Users are essentially required to **trust the team blindly**, as no enforceable guarantees prevent future changes that could compromise token holders. The **WHITE token smart contract also includes a blacklist function**. This means the **contract owner has the authority to add or remove any wallet address from a blacklist** at will. If an address is blacklisted, it becomes completely restricted from transacting and it cannot send or receive WHITE tokens. In other words, the owner has the power to freeze any user’s tokens at any time, without prior notice or justification.

The blacklist function.

Additionally, it's critical to point out that the **contract owner retains the ability to drain all ETH and tokens from the contract** at any time. This means that the wallet controlling the contract has **full administrative access**, including permissions that allow it to **withdraw funds held by the contract**, whether that's ETH or other tokens deposited by users. This kind of unrestricted control is **highly risky**, especially in the absence of transparency, external governance, or time-locked safeguards.

The withdraw functions in smart contract.

Analyzing the holders, 43% of the token supply was in the hands of team wallets and smart contracts: * `0x7C6C0dF61546098847d0A18395a74B54b737D4e0` - 35% of the supply, as mentioned in the team wallet documents. * `0x287Ecebd1223E235b929217fE596c905a11752ae` - 0,9% of the supply * `0xE9c3b7f31Fb4D577012796Ddfb9D608D9F8DecdD` - 3,4% of the supply * `0xe1eEdE768B3D14FD9ac3B1dAf646bF54Fb7B1F55` - 0,95% of the supply * `0x8Bcc959d7Fd790F819E310C4c6916d58363f585a` - 3,37% of the supply, Whiterock network fair launch deposit ## USDX token analysis Another previously mentioned component of the WhiteRock platform is the USDX stablecoin (`0x54E43F06c5F974EfDadDCe8122060814e3881A45`). According to the [project documentation](https://docs.whiterock.fi/info/usdx), it is described as follows: > At WhiteRock, we are excited to introduce **USDX**, a revolutionary yield-bearing stablecoin designed to empower you by directly sharing profits from secure investments. USDX combines the stability of a dollar-pegged asset with the earning potential of U.S. Treasury bills, all while maintaining full transparency and accessibility. The team makes several bold claims regarding the USDX stablecoin, as outlined in their documentation: * **Backed by U.S. Treasury Bills**: They state that USDX is fully backed by investments in U.S. Treasury bills, widely considered among the safest financial instruments globally. * **Automatic Yield Distribution**: Profits generated from these Treasury investments are supposedly not retained by the platform. Instead, yield is automatically distributed to all USDX holders by incrementally increasing their token balances daily. * **Partnership with BlackRock**: The team claims to use BlackRock as a service provider, specifically utilizing BlackRock’s U.S. Treasury ETF to back the yield-bearing USDX token. * **Risk-Free Yield**: The yield is said to originate solely from short-term U.S. Treasury bonds, which the team characterizes as “completely risk-free.” * **1:1 USD Peg**: USDX is pegged to the U.S. dollar and, according to the team, can always be minted or redeemed at a fixed rate of $1, ensuring value stability. * **Audited & Rated**: The project promises future audits by **Ernst & Young** and a credit rating from **Moody’s**, which they claim will further guarantee the safety and transparency of the stablecoin. These claims, while ambitious, currently lack independent verification and raise several questions about transparency and feasibility, especially given the project's limited public track record and multiple other red flags. As part of our investigation, we attempted to convert a small amount of USDT into USDX to gain a better understanding of the process and gather concrete insights. During this test, we encountered several red flags that raised serious concerns about the platform’s transparency, reliability, and overall trustworthiness. * The [USDX smart contract](https://etherscan.io/address/0x54e43f06c5f974efdaddce8122060814e3881a45#readProxyContract) does not support direct conversions from USDX back to USDT or any other USD-pegged stablecoin, effectively making redemptions impossible through the contract itself. Additionally, the contract is structured as a proxy contract, meaning it is upgradeable and can be altered by the team at any time. It also includes a blacklisting function, allowing the owner to restrict specific addresses from sending or receiving tokens * Currently, decentralized exchanges only hold approximately 2,000 USDT in liquidity (in quote token assets). This is insufficient to support redemptions for all circulating USDX.
* There is no verifiable on-chain evidence that the USDT received in exchange for USDX is being used for any U.S. Treasury investment, as claimed. Instead, the USDT sent by users is stored in separate wallets assigned to each user. This fragmented structure makes it nearly impossible to track the total amount of USDT collected across the platform or verify whether it is being utilized. * There is currently no evidence to suggest that a rebase mechanism exists to redistribute profits or adjust USDX token balances, as claimed. Despite holding USDX tokens for several days, we did not receive any yield, contrary to the platform’s promise of daily automatic yield distribution. We also examined other wallets holding USDX and found no indication that any of them had received yield either. This raises serious doubts about the validity of the yield distribution claims. * The price of USDX on decentralized exchanges is not consistently pegged 1:1 to the U.S. dollar, as claimed. This lack of price stability contradicts the platform’s assurances and raises further concerns about the reliability and backing of the stablecoin.

USDX/USDT pair price action.

* Some users also report issues with swapping the stablecoin: * [WhiteRock is a scam! Beware $WHITE](https://www.reddit.com/r/CryptoScamReport/comments/1j48qaa/whiterock_is_a_scam_beware_whit) * * A total of 224 million USDX tokens have been minted, but the team holds at least 95% of the supply. Only 2,494 unique holders have been identified on-chain. Since USDX is required to trade on the platform, and the project claims to have over 10,000 users, these numbers don’t add up. The low number of holders and centralized supply cast serious doubt on the platform's actual usage and user base.
With no verifiable proof of real asset backing, no functional conversion mechanism, and virtually no liquidity in the pools to redeem the token, USDX is practically worthless in its current state. Numerous red flags surround this stablecoin. Stablecoins are expected to be regulated, transparent, and supported by tangible reserves - none of which are demonstrated here. Most of the features the team claims are either misleading, unverified, or simply not working as described. ## White Network The core feature that WhiteRock aims to launch is the White Network, a blockchain designed to be extremely fast and efficient. In addition to this network, the team plans to develop its **RWA (Real World Asset) platform** as part of the broader dApp layer. For more details, refer to their official documentation: [White Network Introduction](https://docs.whiterock.fi/white-network/introduction). In the section labeled [“Technical Edge”](https://docs.whiterock.fi/white-network/technical-edge), the team makes bold claims about cutting-edge performance and advanced blockchain features. However, there’s a major issue: **no technical documentation, implementation details, or proof-of-concept code** is provided to support these claims. The section reads more like a marketing document than a technical blueprint, making it difficult to evaluate the feasibility of their promises. For now, it appears to be more hype than substance. The network is still under development by the team, with the public testnet scheduled for release in Q2 2025.
When users in the community ask about the release date, the team consistently replies with vague statements, such as “coming soon,” without ever providing concrete timelines. When pressed for proof that actual development is taking place, such as a GitHub repository, a working testnet demo, or any technical code, the team shared the following response in the Telegram group:
The link leads to this tweet: , which features a short video showing a basic transaction. However, this does not serve as real proof of any functioning blockchain. The demonstration could easily be simulated within a web app and lacks any verifiable technical depth. Upon closer inspection, the video itself appears unconvincing and unprofessional, raising further doubts about its authenticity.

The only proof about the new blockchain.

On May 20th, the [team announced](https://x.com/WhiteRock_Fi/status/1924807799214674252) the launch of a “fair token launch” for a new token called **WHITENET**, which is described as the native gas token for the upcoming blockchain. According to the official documentation, this token will power the White Network ecosystem. Here's what the [docs state](https://docs.whiterock.fi/whitenet-token/whitenet-usdwhitenet): > WHITENET is intended to be the economic backbone of White Network. Once White Network's mainnet goes live, every transaction, whether it is a simple value transfer, a complex RWA trade, or an on-chain compliance check, will consume WHITENET as gas. Tying execution fees to a single scarce asset lets the protocol meter resources, discourage spam, and align validator incentives with overall security and throughput.
And the legal notice from the docs:
More information about the fair token launch and the network can be found on the official site: . Currently, users are given the option to contribute **WHITE**, **ETH**, or **SOL** tokens in exchange for a future allocation of **WHITENET** tokens. The website displays a claimed contribution total of **$50 million** in token value.

Screenshot from the webpage on 13.6.2025.

When a user contributes tokens to the fair launch, the funds are transferred to one of the following addresses: * **WHITE Token contributions:** All WHITE tokens contributed during the fair launch are sent to the wallet address: [`0x8Bcc959d7Fd790F819E310C4c6916d58363f585a`](https://etherscan.io/address/0x8bcc959d7fd790f819e310c4c6916d58363f585a). As of now, this wallet holds over **33 billion WHITE tokens**, valued at approximately **$40 million**. Despite having over **6,000 token transfers**, there are only **165 unique wallets** directly interacting with this address. Upon further investigation, we discovered that **99.6% of the total volume** originates from a **proxy smart contract** ([`0x9E24525Ca50817F11A05D80AC68fE20bE2D7Bc29`](https://etherscan.io/address/0x9e24525ca50817f11a05d80ac68fe20be2d7bc29)). This contract is **unverified**, meaning its internal logic is hidden and cannot be independently reviewed or trusted. This proxy contract has received WHITE tokens from **2,827 unique addresses**, indicating that, in the best-case scenario, **around 3,000 users** may have participated by depositing WHITE tokens. * For **Ethereum contributions**, user deposits are sent to the smart contract at the address: [**`0x96780f1746a5e469bfdd37c6b9cdd561a5871ab2`**](https://etherscan.io/address/0x96780f1746a5e469bfdd37c6b9cdd561a5871ab2). As of now, the contract holds approximately **2.65 ETH**. What’s concerning is that the contract is **not open source**, meaning the code is not publicly verified or available for review. This lack of transparency raises serious questions about what functionality might be hidden within the contract and whether users’ funds are truly safe.

ETH deposit contract.

* For **SOL contributions**, all funds are directed to the wallet address: [`5PbxYyiTeuzC4Z7SCUETvucXVQDJXuPuF5hiACBVdZQt`](https://solscan.io/account/5PbxYyiTeuzC4Z7SCUETvucXVQDJXuPuF5hiACBVdZQt?exclude_amount_zero=true\&remove_spam=true#transfers). However, on-chain data shows only 4.2 SOL received across just nine transfers, indicating very limited actual participation.

SOL deposit wallet.

As of June 13, 2025, our analysis shows that approximately **3,000 unique wallets** have contributed to the token launch. However, the **majority of the claimed value is concentrated in WHITE tokens.** Given the **numerous red flags** uncovered during our investigation, ranging from unverifiable claims and opaque smart contracts to the complete lack of technical proof for the promised network, we **strongly advise against participating** in this so-called "fair" launch. ## On-chain activity analysis We analyzed the flow of funds to and from the deployer address. In the diagrams below, you can see the key transaction paths and wallet interactions we found most noteworthy during our on-chain investigation. While many additional transactions and smart contracts were involved, our main objective was to identify any suspicious activity and assess actual usage of the application. All identified wallets and addresses, along with their associated tags, are provided at the end of this report for reference.

Track funds to the deployer.

Tracked funds from the deployer.

One of the primary objectives of this investigation is to verify the numbers reported by the project. Below, we reference a statement from their website and a [recent tweet](https://x.com/whiterock_fi/status/1932804721074712871?s=46\&t=0NdSg8HQfsLf68anFCbUiQ) made just a few days ago.

Usage

We’re not exactly sure how the project calculates the user numbers they claim, but we analyzed some on-chain metrics. For example, when trading stocks using USDX, we identified three addresses that appear to receive the trading fees. Based on this, it’s likely that each trade pays a fee to one of the following wallets: * **0x6D0d7547Cd6dd38503beEF76544c3130E7D04409** — 1,566 unique wallets * **0xd6BdbB0d65382287BDB5cdC3eec0Fe6C88ECf0D3** — 1,083 unique wallets * **0x967f1ac9ff6c60501f0a3af7a347caa1adde127c** — 1,052 unique wallets In the best-case scenario, this suggests approximately **3,500 unique wallets** have interacted with the trading application. By analyzing the smart contracts associated with the stock issuance, we found that approximately **$150 million worth of stocks** have been minted through the same contract system. However, there’s a concerning discrepancy: all stock purchases are supposed to require USDX, yet we did not observe a corresponding amount of USDX minted, except in wallets controlled by the team. This raises serious questions about how the demand for these stocks was generated and suggests that the activity may have been heavily manipulated. It would be worthwhile to further investigate these numbers in relation to the USDX stablecoin to gain a clearer understanding of the full picture.
It would be very helpful if the team could explain how they arrived at these figures and provide on-chain proof to verify the claims made in their posts.
Relevant addresses | Address | Description | | ------------------------------------------ | ------------------------------------- | | 0x54e43f06c5f974efdaddce8122060814e3881a45 | USDX | | 0x9cdf242Ef7975D8c68D5C1F5B6905801699b1940 | WHITE TOKEN | | 0x287Ecebd1223E235b929217fE596c905a11752ae | WHITE Deployer | | 0xE9c3b7f31Fb4D577012796Ddfb9D608D9F8DecdD | Sent WHITE to World Liberty Financial | | 0xe1eEdE768B3D14FD9ac3B1dAf646bF54Fb7B1F55 | WHITE Manager destibutor | | 0x7C6C0dF61546098847d0A18395a74B54b737D4e0 | 35% of the supply | | 0x9E24525Ca50817F11A05D80AC68fE20bE2D7Bc29 | WhiteNet IDO smart contract | | 0x8Bcc959d7Fd790F819E310C4c6916d58363f585a | Whiterock deposit | | 0xd61212a30bE70108C00314664a7d286a4F3c01f1 | | | 0x99631c62048a15e3d7e598634858b1eda5d7ea6e | WHITENET / WHITE pool | | 0xB7d78E210b5d3eB64CcE9CA40c273DaBf54ef0f9 | WHITE Deployer Funder | | 0x9D8044162360bb8bC7862694568E5458C8F2Fe90 | WHITE Deployer Funder Funder | | 0xB2CcEA9D92D51eeB782Cd9963FA2A145500BCE31 | Team Testing Wallet | | 0xaF86d38D23069eBd27899B20F2Cd223Ff5Ca9E08 | Proxy wallet 1 | | 0xe013c54D764a71a9DC4D40fa173C92700B1F5242 | Whitenet Fair Launch SM Creator | | 0xFAD2CD18e1003d897063D89E190A479D30aFeb9f | Team Wallet 1 | | 0x319dE585DD42198B1d878FA6Db99Ba8598d4d17d | Team Wallet 2 | | 0x6D0d7547Cd6dd38503beEF76544c3130E7D04409 | Stock swaps fees address | | 0xd6BdbB0d65382287BDB5cdC3eec0Fe6C88ECf0D3 | Stock swaps fees address 2 | | 0x967f1ac9ff6c60501f0a3af7a347caa1adde127c | Stock swaps fees address 3 | | 0x96780f1746a5e469bfdd37c6b9cdd561a5871ab2 | Whitenet Launch ETH Deposit SM | | 0xe06964fe294DeAE712FDFa58b7Da49Ae74a4025c | | | 0x66EF522863f8ecF6292ccB0BE4EB11Db6DE3FEa4 | | | 0x04608eCA0941AaF28fbB053745a7Ac8C369E8a69 | |
## About ZKasino fraud and possible connection **Source**: [How Two Dubai-Based Kids Took $30M – The ZKasino Exit Scam (Medium)](https://dkcrypto.medium.com/how-two-dubai-based-kids-took-30m-the-zkasino-exit-scam-9dad124960df) In early 2024, a crypto gaming project called **ZKasino** emerged with big promises and even bigger ambitions. Promoted as a gaming-focused Ethereum Layer 2 platform, ZKasino introduced its native token, $ZKAS, alongside a "Bridge-to-Earn" scheme that invited users to deposit ETH in exchange for future token rewards and a guarantee that their ETH would be returned after the mainnet launch. However, this promise turned out to be an elaborate **exit scam**, allegedly orchestrated by three individuals: * **Elham N.** (aka **@Derivatives\_Ape**), * **Ildar I. A.** (aka **@XBT\_Prometheus / @lethimdev**), * **Lyor** (aka **@Sigman0X**). Between March and April 2024, the project raised over 10,500 ETH (approximately $30 million at the time) from more than 10,000 victims. * Early 2024: The scammers launched ZKasino, a gaming-focused Ethereum Layer 2, introducing a new gas token called $ZKAS. * On March 16, 2024 (14:56:11 UTC), they deployed a “Bridge-to-Earn” smart contract, allowing users to deposit ETH and earn a share of the $ZKAS allocation, promising that at mainnet launch, users would receive both their $ZKAS tokens and their original ETH back. * During the marketing campaign, they forged partnerships with major key opinion leaders (KOLs) to boost credibility. * However, on April 20, 2024 (18:53:23 UTC), instead of honoring withdrawals, the scammers moved 10,515 ETH from the bridge contract into a multisig wallet, which was then staked in Lido Finance. * On April 29, 2024, Dutch authorities arrested Elham N., one of the perpetrators. * By June 19, 2024, the remaining funds were split and transferred from the multisig wallet to two addresses: * 0x42dc91caa486a1cbf921a8009404a590414285a3 received 5,271 ETH * 0x0ab4a19ab20bd1dde51a5d302721fcc30f34094d received 5,266 ETH Despite promises to return funds or launch the platform, no such actions were taken. Several Twitter posts allege possible connections between ZKasino and WhiteRock: * * * Our investigation found no verifiable on-chain link between ZKasino and WhiteRock. The suspicious transactions mostly ended in THORChain vaults, other cross-chain bridges, or questionable centralized exchanges, making any direct connection unclear. ## Conclusion Our investigation uncovered multiple red flags across nearly every aspect of the project. There is virtually no verifiable proof supporting the claims made by the team. Many features either do not work as expected or operate very differently from what is described in the documentation. Key concerns include the absence of a whitepaper or any clear technical explanation of how the underlying blockchain will function. Actual user activity and engagement numbers are significantly lower than those publicly announced by the team. None of the claimed partnerships could be independently confirmed, and the team’s stated experience cannot be verified. We found no on-chain evidence linking this project to ZKasino, while this does not definitively rule out a connection, no proof exists to support such claims. Additional serious issues include a highly questionable “fair launch,” as well as a supposedly stable USDX token that is de-pegged and lacks any real mechanism to convert back to other assets. {% hint style="warning" %} This investigation took over a week to complete. If you identify any information we may have missed or find discrepancies with what has been presented, please let us know, and we will update our findings accordingly. {% endhint %} ## Sources Here is the list of sources we used to help us with the investigation: * [Is WhiteRock Backed by BlackRock? Here’s the Truth](https://www.bitrue.com/blog/whiterock-backed-by-blackrock) * [After Engaging Directly With WhiteRock Team, Here’s What I Learned](https://www.reddit.com/r/CryptoScams/comments/1kz9sx1/after_engaging_directly_with_whiterock_team_heres/#:~:text=,any%20of%20the%20companies%20mentioned) * [Unveiling Truth: Zach Witkoff Denies WLFI Backing of WhiteRock Crypto Project](https://bitcoinworld.co.in/whiterock-wlfi-zach-witkoff-clarification/) * [WhiteRock is a SCAM! Beware $WHITE 🍯](https://www.reddit.com/r/CryptoScamReport/comments/1j48qaa/whiterock_is_a_scam_beware_white/) * [WhiteRock unveils White Network: Fair token launch raises over $10M on day one](https://cointelegraph.com/press-releases/whiterock-unveils-white-network-fair-token-launch-raises-over-10m-on-day-one) # In depth: Magnetix This is an on-chain in depth token analyis report. {% 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*](/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

# In depth: RFC This is an on-chain in depth token analyis report. {% 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:** [**RFC**](https://blokiments.com/detailedView/solana?pairAddress=D6Rgz1JG2syjsTXGaSAZ39cLffWL4TfabEAAnJHGRrZC#Liquidity)**:** `C3DwDjT17gDvvCYC2nsdGHxDHVmQRdhKfpAdqQ29pump` **(Solana)** * **Token report date: main analysis on 19.4.2025, if not specified differently (took 1 week to write the full report)** **The report is divided into multiple sections:** * [TL;DR](#tl-dr) * [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) * [Early traders (sniper) analysis](#early-traders-sniper-analysis) * [Holders analysis](#holders-analysis) * [Conclusion](#conclusion) ## TL;DR * RFC is a meme token on Solana launched via pump.fun with a fair launch model and no taxes, but it lacks a clear long-term roadmap or structured development plans. * Key events in RFC's lifecycle include its surprise token launch in March 2025, followed by a tweet from Elon Musk that led to a 500% price surge. Despite building a large Twitter following, the community had no prior knowledge of the token, raising concerns about potential market manipulation. * RFC has solid liquidity of around $1.32 million and is available on both DEXs and CEXs. The token is deployed securely on Solana with no minting or transfer fees. The market cap is currently $24.25 million, and trading metrics show strong trading activity with over 56,000 unique buyers and sellers. * The RFC project operates two Twitter accounts: @RFindercoin (10,100 followers) created in March 2025, and @IfindRetards (724,600 followers) created in December 2024, which gained popularity through bold humor and memes. The token launch was announced on the larger @IfindRetards account, but it's unclear how many followers actually support the token. * The token creator wallet launched RFC on March 24, 2025, received 4% of the total supply, and made small transactions, with no major suspicious activity identified. * Our investigation reveals limited suspicious activity connected to the RFC token deployer, with most funds remaining untouched, but notable links to high-volume traders and potential involvement from Web3 Twitter accounts. * Early trading analysis reveals significant sniping activity, with many snipers using multiple wallets to disguise their profits, making it harder to identify aggressive hoarding by any single wallet. * Holder analysis reveals a high level of concentration among a small group of wallets, with the top 10 wallets controlling over 17% of the RFC supply, indicating significant potential for price manipulation and highlighting the influence of strategic players, including whales and **algorithmic trading bots like Wintermute.** * On-chain analysis reveals a **highly coordinated operation**, likely involving **MEXC exchange**, that sniped over 7% of RFC tokens pre-launch, generated $1.2 million in profits, and still controls over 3% of the supply. ## About the token Retard Finder Coin (RFC) is a meme token built on the Solana blockchain, launched directly on pump.fun, with a fixed supply of 1 billion. **Token Description from the token's whitepaper:** > Retard Finder Coin (RFC) is a meme coin built on the Solana blockchain, launched directly on pump.fun, a fair-launch platform designed for transparency and community-driven tokens. Inspired by the “I Find Retards” community on X (Twitter), RFC celebrates free speech, humor, and the spirit of decentralized finance. Unlike many meme coins, RFC offers a fixed supply, zero taxes, and no airdrops, ensuring fairness and sustainability from the start. The main recap from the token [whitepaper](https://retardfindercoin.com/?page_id=83): * Fair Launch Model: 96% of the supply is made publicly available through pump.fun, with 4% allocated to the developer wallet. * Mission & Values: RFC supports free speech, humor, and decentralization. It aims to be a trustworthy meme coin in a space often plagued by scams and rug pulls. * **Roadmap**: The current RFC roadmap is minimal and primarily focused on the initial launch phase, with most listed steps like launching on pump.fun and community promotion already completed. It lacks clear future-oriented goals, timelines, or measurable milestones, making it difficult to assess the project's long-term direction. Phrases like "partnerships" and "community-driven initiatives" are vague and not supported by specific plans or objectives. The roadmap would benefit from more detailed and forward-looking strategies to enhance transparency and community trust. In the following sections, we will evaluate the claims made in the whitepaper. Since RFC is a meme token with no intrinsic value, its price action is primarily driven by community sentiment and early buyers. The roadmap outlines only the initial phases—such as the token launch and basic listings—but falls short in presenting a clear long-term vision, structured goals, or detailed plans. * Webapge: * Twitter: * * ## 📅 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: * December 2024: The Retard Finder Twitter profile created, not mentioning any token to the date of the token launch. * **10.3.2025:** Webpage domain registration * **24.3.2025 at 22:07:48** - Created token deployer wallet * **24.3.2025 at 22:34:36** - Token launched on pump.fun * **25.3.2025 at 01:03** - First [post about the token](https://x.com/IfindRetards/status/1904338378310799797?t=76e9PnQLxN8wme6NW4L7bQ\&s=07) on @IfindRetards Twitter account. * **25.3.2025 at 01:07:20** - Token graduated and trading continued on PumpSwap. * **25.3.2025:** First post on the @RFindercoin Twitter account. * **31.3.2025:** Elon Musk tags the @IfindRetards Twitter account under a post, and the price surges by more than 500% * **14.4.2025:** Price trend change to downtrend. Upon analyzing the announcement post, it became evident that the page had been building a community for four months without any indication of an upcoming token launch—it came as a complete surprise even to them. For a page with over 700,000 followers, such a move carries significant risk and raises serious concerns about potential market manipulation.

Tweet about the launch.

[Here](https://x.com/IfindRetards/status/1904338455272067453) you can find a comment providing additional details. There's also a **disclaimer regarding possible insider information**, which we will **verify and address as part of our ongoing investigation** (we will see later in the report that there is a great probability of insider activity and knowledge of the token launch).

Insider info disclamer.

The top comments in the post reveal that the community's **reaction to the token launch was largely negative**.
An unexpected reply from @elonmusk on March 31, 2025, triggered a surge of over 500% in RFC’s price.
## Main on-chain metrics Data as of April 24, 2025
**Liquidity & Token Pools**\ The current liquidity for $RFC is around $1.32 million, split between 26.27 million RFC tokens and 4,353 SOL. That’s solid, especially in today’s market.
The token launched on pump.fun, and after it hit the “graduation” milestone, it was moved to PumpSwap. Since then, several RFC/SOL pools have popped up on both decentralized exchanges (DEXs) on Solana and centralized exchanges (CEXs) like Gate.io, KuCoin, and MEXC. So, if you buy RFC, there are plenty of places where you can also sell it. Conclusion: liquidity is not a problem. \ Around 99% of the liquidity has been burned on the biggest pool, meaning those tokens were sent to an address no one can access. That makes it basically impossible for anyone to rug pull by removing liquidity. Still, it’s worth noting the price could drop sharply if big holders (or insiders) decide to sell. 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.**
Market Cap * Current market cap: \~$24.25 million * All-time high: $135 million on April 14 #### Smart Money & Wallet Activity * New wallets (30 days): 95 * New wallets (7 days): 8 * New wallets (24 hours): 0 Trading Overview * Unique buyers: 56,740 * Unique sellers: 56,071 * Total buy volume: $161 million * Total sell volume: $160 million * Total holders: 14,924 * Total wallets interacted: 66,826 Only 40 wallets linked to scam tokens have interacted with RFC, which is a very small number.

Trades over time by size in USD.

Overall, the token shows strong performance in terms of liquidity, security, and trading metrics, which appear solid and healthy at this stage. ## Off-chain social analysis ### Website Analysis **Website URL**: [ ](https://retardfindercoin.com/) **Domain Registration**: March 10th, 2025
### Twitter (X) The project operates two Twitter accounts; we will examine each one individually: * [Retard Finder Coin (@RFindercoin)](https://x.com/RFindercoin) * Followers: 10100 * Posts: 404 * Account Creation Date: March 2025 * First Tweet Date: March 25, 2025

First tweet

Twitter account analysis for @RFindercoin

* [Retard Finder (@IfindRetards)](https://x.com/IfindRetards) * Followers: 724.600 * Posts: 3044 * Account Creation Date: December 2024 * Profile review by Grok: @IfindRetards is a bold X voice who skyrocketed to 700k followers by calling out flat-earthers, vegans, and disloyal political flip-floppers as "retarded" with unapologetic humor. * The @IfindRetards X account first mentioned the "Retard Finder Coin" ($RFC) token on March 25, 2025, at 01:03 UTC, announcing its launch on Pump. A follow-up post at 17:43 CET the same day discussed a major holder exiting and promoted the token's potential.

Twitter account analysis for @IfindRetards

The token has a big Twitter following with over 700,000 followers, mainly because the account was already popular for memes before the token launch. It’s hard to tell how many of those followers support the token. There are no other official communities, and a Telegram group that showed up briefly was made by a scammer not connected to the project. ## 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/F7xWmZeYiNF8hi22RDYbBCM7McsaiMnMSNB8qzekE5Rv?exclude_amount_zero=true\&remove_spam=true): `F7xWmZeYiNF8hi22RDYbBCM7McsaiMnMSNB8qzekE5Rv` (It will be called deployer wallet from now on) Everything started with funding a deployer wallet on 24.3.2025 at 22:07:48 (UTC) with 2.04 SOL from the address: `7kPq2w6tAREUbXi5ioGGxJ3desY6QWSMMvyeLYHGz4WT` (We will call it Funder wallet 1)

Funding event.

Approximately 30 minutes later, the RFC token was officially created and launched through the `Pump.fun` platform, with a total supply of 1 billion tokens.

RFC token launch.

According to the [whitepaper](https://retardfindercoin.com/?page_id=83):

A section from the whitepaper.

The token deployer contributed 1.16 SOL at launch and received 39,944,801 RFC tokens. This allocation represents roughly 4% of the total supply and aligns with the distribution plan detailed in the whitepaper. Let’s take a look at some other notable actions carried out by the wallet: * On March 25, 2025, at 15:18:25, wallet `Aw6UK43bwsDzVwumYSJ8GActJTnuqwL2ctcyVSGfgdfu` (tag: Small funding wallet 1) transferred 0.55 SOL to the deployer’s wallet. * Very small inflows of SOL from deBridge Finance. * On 27.3.2025 134000 RFC and 0.2 SOL were transferred to the new wallet: `17XDeTonbQFNm8qEnq2qrckm25jtMwAuhBQxPHpDkaw` (tag: Connected wallet 1) * The wallet engaged in several token swaps, including the sale of RFC tokens totaling approximately $4,266.00 (On March 28, 2025).

Swaps performed by the RFC deployer.

* After selling the RFC token, 30.6 SOL was deposited on Binance. * On April 9, 2025, the remaining 38.43 million RFC tokens were transferred to a new wallet (`E8BJzHRtV1pUgKizfMjkWeNZbSTNzYjmUtzgc1LpMsM4` - tag: RFC Holding wallet 1) along with 0.1 SOL. We can present the described situation in the following flowplot:

Transfers for token deployer.

To recap this section, there have been no drastic movements of RFC tokens. Only 4% of the total supply, designated for the developer, as outlined in the project’s whitepaper, has been transferred, with a small portion sold. We will continue our investigation by examining the connected wallets to identify any signs of suspicious activity. ## Insiders activity We have now collected 4 wallets connected to the token deployer. The next step involves analyzing these wallets more thoroughly to see if any suspicious patterns are found. * [**Funder Wallet 1**](https://solscan.io/account/7kPq2w6tAREUbXi5ioGGxJ3desY6QWSMMvyeLYHGz4WT#transfers) received funds solely from Mayan Finance and Bridger: Bridge, with no other significant on‑chain activity.

Funder Wallet 1

* [**RFC Holding wallet 1**](https://solscan.io/account/E8BJzHRtV1pUgKizfMjkWeNZbSTNzYjmUtzgc1LpMsM4?exclude_amount_zero=true\&remove_spam=true#transfers)**:** An analysis shows no on‑chain activity—its developers ' RFC tokens remain untouched, and no larger sales are detected. * [**Connected Wallet 1**](https://solscan.io/account/17XDeTonbQFNm8qEnq2qrckm25jtMwAuhBQxPHpDkaw) sold its RFC tokens for approximately $309.00. Out of that amount, $295 USDC was used to pay for the Dextools social verification process.

Connected wallet 1 and RFC Holding wallet 1

* [**Small funding wallet 1**](https://solscan.io/account/Aw6UK43bwsDzVwumYSJ8GActJTnuqwL2ctcyVSGfgdfu): `Aw6UK43bwsDzVwumYSJ8GActJTnuqwL2ctcyVSGfgdfu` * On March 25, 2025, the wallet received a 2.23 SOL transfer from a Binance US hot wallet. This was followed by the previously mentioned 0.55 SOL transfer to the RFC token deployer. On the same day, the wallet also sent 1.68 SOL to another address: `5DDEFBfWAaUe6e8KtzdwzTcAgkPAN5XAokK1Pbj6yeM5` (tag: Connected wallet 2) * **Connected Wallet 2:** On March 25, 2025, this address deployed the [OBC token](https://blokiments.com/detailedView/solana?pairAddress=3qGbRCntigCSBZDS1dDobwYSHhucw3jbw1csRgtrMveE#Liquidity), carried out two small OBC swaps, and then forwarded its entire SOL balance to `uZ5Bn8YqLJRP6szu9PHSjLNSnYkxmTqsR36QFRqeoEs` (tag: Connected wallet 3) * **Connected Wallet 3** executed a few small OBC swaps, received incoming transfers from multiple addresses trading both OBC and RFC tokens, and ultimately consolidated all its proceeds by forwarding them to the final wallet: `ERdt6cFAHxnVXXdjSCAPCcjm9fB9FMzktFABzfa4PAQB` (tag: Very active wallet 1) * A group of smaller wallets followed a consistent pattern on March 25, 2025. Each was funded via **deBridge Finance**, engaged in small RFC trades (typically between **$200–$500**), and then proceeded to sell off their **OBC token holdings**. While the RFC trades mostly broke even—possibly intended to generate volume or simulate market activity—the primary profits came from selling the OBC tokens. After these sales, the proceeds were funneled into **Connected Wallet 3**.

Small funding wallet 1 analysis

At this point, the final wallet left to analyze is **Very Active Wallet 1** (**`ERdt6cFAHxnVXXdjSCAPCcjm9fB9FMzktFABzfa4PAQB`**). This address shows an exceptionally high level of on-chain activity, with thousands of token trades and transfers. It has received substantial inflows from **deBridge: Bridge Vault** as well as numerous other wallets, indicating that it may belong to a high-volume trader or whale. Although analyzing every transaction would be time-consuming, one notable detail stands out: this wallet is **directly connected to the RFC deployer**. It also actively traded RFC, buying approximately **$84,584.00** worth and later selling for **$52,155.00**, resulting in a significant realized loss. Additionally, the wallet has engaged in trading a wide range of other tokens. The wallet is associated with the **kazee.sol** domain, which led us to identify a connection with the [**Kazee Analytics** Twitter account](https://x.com/kzresearch5). Several tweets from the account further confirm the link:
While we can't definitively determine the reason **Small Funding Wallet 1** sent SOL to the RFC token deployer—thereby creating a link to the **Kazee-associated wallet**—this connection is certainly noteworthy. Current full flow:
At this stage, the next step is to trace the **origin of the deployer’s funds as they move through cross-chain bridges**, to uncover any additional patterns or potentially significant connections. There were two notable funding events for **Funder Wallet 1**: 1. **Via Bridgers Bridge:** A transaction originated from **Coinbase**, where **Bitcoin** was sent to a BTC wallet. From there, the funds were bridged to the **Solana network** [using **Bridger**](https://explorer.bridgers.xyz/#/search/7kPq2w6tAREUbXi5ioGGxJ3desY6QWSMMvyeLYHGz4WT), resulting in a deposit of **0.513018 SOL** into Funder Wallet 1.

Bridgers transaction

The BTC wallet funded from Coinbase.

2. **Via the Mayan Finance bridge**: A transfer of 0.093 ETH was bridged through Mayan Finance, converting into 1.39 SOL, which was deposited into Funder Wallet 1. We are continuing our investigation to trace how the originating Ethereum wallet was funded (`0xBa1382978a81b2Cd4C31336F49BC25c9d6BEDFd2`).
Multiple wallets send small amounts of ETH and memetokens to the ETH wallet. Let's check each wallet: * On **March 5, 2025, at 19:22:23**, the Ethereum wallet received its first transaction—**0.003 ETH**—from **`0x6f46d90553141D464C000D76e41d0d5380Fc0B23`**, which is associated with the ENS name **gmgmi.eth**. Upon [further investigation](https://intel.arkm.com/explorer/entity/doctor-beatdown), this ENS is linked to the [@doctor\_beatdown Twitter account](https://x.com/doctor_beatdown), which appears to belong to a Web3 developer. This connection raises the possibility that this individual may be involved in the development of the RFC token.
* On March 6, 2025, at 13:19:11, the next transaction to the Ethereum wallet came from `0x93D8f129Dca48771733abf0e286b13E8BD6d9bb6`, associated with the ENS name bobbyg603.eth. The wallet sent 0.00880225 ETH. [Based on the ENS name, this address appears](https://www.gitpoap.io/p/bobbyg603.eth) to be linked to the [Twitter account **@bobbyg603**](https://x.com/bobbyg603), suggesting another possible connection to someone active in the Web3 space. * `0x67BA357e090c537D1cc4108E75E598986C9FE536` sent a small amount of ETH to the wallet, routed through various proxy wallets. The origin of the funds appears to trace back to Coinbase. * `0xd2fb509330a294B97EeF4437907b04663e8F70F5` sent two meme tokens to the Ethereum wallet, which were later swapped. The resulting ETH was then used to bridge funds over to the Solana wallet.

ETH inflows to 0xBa1382978a81b2Cd4C31336F49BC25c9d6BEDFd2 wallet

ERC20 token inflows to 0xBa1382978a81b2Cd4C31336F49BC25c9d6BEDFd2 wallet

Process of funding Funder Wallet 1

We uncovered some interesting connections, but there was **no evidence of dramatic or highly suspicious behavior** directly tied to the deployer. As of **April 21, 2025**, the majority of the **4% developer allocation** remains untouched in the designated wallet. Below is a summary of all identified wallets and their respective profits from trading the **RFC token**:
All insider wallets list
ADDRESSTAGFirst activeSOL HOLDINGTOKEN HOLDINGTRADING PROFITSTOKEN BUYTOKEN SELL
F7xWmZeYiNF8hi22RDYbBCM7McsaiMnMSNB8qzekE5RvToken Deployer24-03-2025 22:07:483,030$4.266,00$0,00$4.266,00
7kPq2w6tAREUbXi5ioGGxJ3desY6QWSMMvyeLYHGz4WTFunder wallet 120-03-2025 8:04:4100$0,00$0,00$0,00
Aw6UK43bwsDzVwumYSJ8GActJTnuqwL2ctcyVSGfgdfuSmall funding wallet 125-03-2025 14:51:5500$0,00$0,00$0,00
E8BJzHRtV1pUgKizfMjkWeNZbSTNzYjmUtzgc1LpMsM4RFC Holding wallet 109-04-2025 21:55:270,238.430.000$14,00$0,00$14,00
17XDeTonbQFNm8qEnq2qrckm25jtMwAuhBQxPHpDkawConnected wallet 127-03-2025 23:17:150,30$309,00$0,00$309,00
5DDEFBfWAaUe6e8KtzdwzTcAgkPAN5XAokK1Pbj6yeM5Connected wallet 225-03-2025 15:18:5000$0,00$0,00$0,00
uZ5Bn8YqLJRP6szu9PHSjLNSnYkxmTqsR36QFRqeoEsConnected wallet 325-03-2025 15:36:5400$0,00$0,00$0,00
DB9gT8gGMMmXPz2yNcVmZURtY8HzShZRaukYcvk8T1yeConnected wallet 425-03-2025 14:45:0800−$57,00$546,00$489,00
GvqQX9NqQPKPxoyYCBX95iVbp85R8TBM8UMWPvzaFvfrConnected wallet 525-03-2025 15:25:3300$4,00$205,00$209,00
5A9ouvoris7S4bXVjJmMZ9eXMtgaffusd7KTvKGozGzzConnected wallet 625-03-2025 15:26:4800−$5,00$226,00$221,00
HToFD3tuvfLc6NCbMHqEBxmNAvmq1aDVUYKv3hFkaL9fConnected wallet 725-03-2025 15:28:3600−$17,00$230,00$213,00
GD6JCTTZ49uVBvbfCQjqGYPU4zP9kfFe4TSP7x8pjaAWConnected wallet 825-03-2025 15:30:0600−$7,00$271,00$264,00
FLaDy2FRz5zroqVwfTjQ8ZzPQzGAs1CpPsyqcsFsPMfcConnected wallet 925-03-2025 15:31:5400−$8,00$279,00$271,00
7in7Le7L2xvuXJujZJp8yRvVrP2tXHKJCdoX3ywxv8uUConnected wallet 1025-03-2025 15:33:2500$16,00$310,00$326,00
AV5fV6JD4ab9kju9Lyw9D5m8p8SGHacSGMNvPAyH4EB3Connected wallet 1125-03-2025 15:35:0100$14,00$362,00$376,00
ERdt6cFAHxnVXXdjSCAPCcjm9fB9FMzktFABzfa4PAQBVery active wallet 115-08-2024 1:34:180,150−$32.430,00$84.584,00$52.155,00

Full insider activity flow

While researching the deployer wallets on Twitter, we found this [Tweet](https://x.com/AgentQuark/status/1913951411341238391?t=Vgp6aqHCp_kOoPrdBu6Z1A\&s=07\&fbclid=IwZXh0bgNhZW0CMTEAAR4-JImuutZMUUj-m8fKTUeoJlUOGIWBxpM8MeE96_hiItgzErpILG3lRIQriw_aem_zHocXuoQZTRpgqnofyRU7g):
We quickly checked to see if the mentioned wallet was connected to the token deployer. As of April 24, the [wallet](https://solscan.io/account/D2avcJceCYE1mh5spUjoEt6vhsy1n3YtKgxC6UFrXGPq?exclude_amount_zero=false\&remove_spam=false\&token_address=C3DwDjT17gDvvCYC2nsdGHxDHVmQRdhKfpAdqQ29pump#transfers) **`D2avcJceCYE1mh5spUjoEt6vhsy1n3YtKgxC6UFrXGPq`** holds **no RFC tokens** and about **0.2 SOL**. Its trading history shows **$195,041 in buys** and **$157,299 in sells**, meaning the wallet appears to be **at a loss**. We also checked for any major RFC transfers out of the wallet but found **no significant outflows**. Since the wallet was funded with SOL through **Binance**, we **can’t confirm any direct link to the deployer**. ## Early traders (sniper) analysis {% hint style="info" %} 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. {% endhint %} In this section, we’ll analyze the **initial swaps** that took place at the very beginning of RFC token trading. Our focus will be on the amount of tokens acquired during these early moments and identifying the wallets that secured the largest allocations immediately after launch. We’ll start by examining the **first 25 transactions on Pump.fun**, the platform where the token was launched. The following table highlights these initial swaps and the corresponding wallet activity.

First 25 swaps on pump.fun for RFC token.

* The first buyer, acquiring 4% of the total supply, was the token deployer, as already discussed in the previous section. * Another notable early participant was `o7RY6P2vQMuGSu1TrLM81weuzgDjaCRTXYRaXJwWcvc`, a well-known sniper wallet that executed its buy at the exact moment the liquidity pool went live. This address has a history of sniping thousands of token launches. In this case, it quickly sold its position just a few minutes later, making only minimal profits. * Most of the other early wallets followed a similar pattern—buying and then selling shortly after for modest gains. However, two addresses stood out due to their significant profits: * `2vbYQRSdBKkv3oNB8JJaqi7KLXvBVo5R7kaapFN8ddfy` (tag: [Good early buyer 1](https://solscan.io/account/2vbYQRSdBKkv3oNB8JJaqi7KLXvBVo5R7kaapFN8ddfy?exclude_amount_zero=false\&remove_spam=false\&token_address=C3DwDjT17gDvvCYC2nsdGHxDHVmQRdhKfpAdqQ29pump#transfers)) * This wallet sold its entire RFC position about an hour after the token graduated to PumpSwap, realizing a profit of nearly $90,000 USD. It has remained active, performing additional trades in the days following. The official token page stated that the sniping activity was not conducted by them, distancing the project team from the early sniper transactions.
* `5aCWGiFMB51Ys5y42XqfqLQV9BvQoMV2vK8VQUVRkqnu` (tag: Good early buyer 2) * Initially funded on March 14, 2025, this address was the 11th buyer, acquiring 3.1% of the total supply. Shortly afterward, the RFC tokens were transferred to a secondary address:\ `BDFvASnsiKbd6nPwisrtFtviEkjSv556wQxpGmchzpFG` (Tag: Good Early Buyer 2 – Subwallet 1). This subwallet alone made **over $250,000 USD** in profits solely from trading RFC and currently holds **1,891 SOL**, suggesting it belongs to a significant whale. This wallet warrants deeper investigation in a future analysis.

5aCWGiFMB51Ys5y42XqfqLQV9BvQoMV2vK8VQUVRkqnu analysis.

When analyzing the first 100 swaps sorted by timestamp, a clear pattern emerges: there were only a few initial trades, followed by a significant surge in activity just minutes after 01:00. This spike in volume aligns closely with the timing of a tweet promoting the token, which likely triggered the sudden wave of interest and buying.

First 100 swaps on pump.fun

We analyzed the sniping activity on **PumpSwap** right after the RFC token graduated. By reviewing the **first 1000 transactions**, we observed that approximately **14% of the total supply** was accumulated during this short window. Several snipers acquired around **1% of the supply each**, but no single wallet stood out with an oversized purchase beyond that. The chart above visualizes these first 1000 swaps: * The **left Y-axis** shows the size of each trade as a percentage of the total supply. * The **right Y-axis** tracks the **cumulative supply held** by wallets over time. * **Green dots** indicate buy transactions. * **Red dots** indicate sells. * The **blue line** shows the cumulative token accumulation. This activity illustrates a fairly distributed early trading phase without any extreme outlier buys, suggesting no immediate evidence of aggressive hoarding by a single wallet.

First 1000 swaps on PumpSwap

Our analysis did not reveal any wallets directly linked to the token deployer participating in early sniping activity. It's possible that different, unconnected wallets were used for this purpose. To further investigate potential insider behavior or suspicious accumulation patterns, we'll now examine the **holder distribution** of the RFC token. This may help us identify any wallets that stand out due to unusually large holdings or transactional behavior suggestive of insider activity. ## Holders analysis Let’s focus on the distribution of the RFC token and examine the total supply held by insider wallets and other major wallets. The holder's distribution chart (exchanges and DEXes excluded) shows that the top 1 wallet holds 5% of the total token supply. The concentration increases steadily, with the top 10 wallets holding 17%, and the top 100 wallets collectively holding 53%. By the time we reach the top 200 holders, they control 67% of the total supply, indicating a relatively high level of concentration among a small group of holders.

Holders distribution

Top 20 holders on 24.4.2025

Let’s now manually review the top 10 wallets to see if any noteworthy patterns or suspicious activity can be identified. We excluded wallets belonging to exchanges, DEX pools, and addresses already being reviewed. * `9ZPsRWGkukYeWg2Z7eZ8NaTBZ1DSuBUVzLcGQWZgE4Y4` As of April 24, 2025, this address held 4.9% of the RFC supply. Upon inspection, we found that it is an off-curve address, meaning it does not lie on the expected elliptic curve used by Solana to generate valid key pairs. As a result, no private key can exist for this address, making it impossible for anyone to control or sign transactions from it. Off-curve addresses are sometimes used for smart contracts or specific purposes such as token burns, where funds become permanently inaccessible. We could not determine the owner or purpose of this address, though it may be related to a decentralised exchange. Notably, most of the RFC inflow comes from wallets associated with Jupiter Aggregator Authority, suggesting this address could belong to the Jupiter DEX, possibly for limit orders. If anyone has more information, feel free to reach out.

9ZPsRWGkukYeWg2Z7eZ8NaTBZ1DSuBUVzLcGQWZgE4Y4 wallet

* `6cp3GGREqXJbeNTHxXDy1k9ShZqEW9fNj6CQ12gA8c34` We’ll refer to this wallet as the **Top 6 Holder (holds 1.5% of the supply)**. Upon analysing the address, we noticed that RFC tokens were transferred from another wallet to it. As we investigated the connected wallet, we uncovered a series of intriguing activities that prompted us to dig deeper. After hours of research, we uncovered what appears to be a large-scale, coordinated operation behind this address—over **$1.2 million in profits** from selling RFC, an initial snipe for just a few hundred dollars, wallets prepared days before the launch, and other suspicious behaviours. Due to the complexity and scale of this activity, we’ve dedicated an [entire chapter later in the report](#top-6-holder-analysis) to break down this operation fully. For now, here are the addresses connected to this holder that hold big amounts of RFC: * `HMoS3ManNuRbJXAo97tccxwJZj6xrZZvKFbWy1FsQMyX` (0.65% of the supply) * `AA2A3Y5xohjxQe2cUHEXpna1QCMRKMDrgn7nJhCu2mEL` (0.1% of the supply) * `cjDDvBNbmWXZjc9LEFKcjVxN2x2r8T6YBZS28AzSg9T` (0.9% of the supply) * and many smaller wallets... * `9LMvNkALecBLeKtCzez9Vr594qB98dQDZk2gHoWkRYLZ` This appears to be a large buyer actively trading multiple tokens. The address currently holds 1% of the RFC supply, which was acquired and moved from the wallet `4g9PrnKAAvBfP5cAJysb3w1Bfgw1qqPbH556iFq3xHjd`. Most of the RFC tokens were purchased within the first two days of trading, with additional buys made in the following days, totaling over $130,000 USD. The wallet has also realized $17,757 USD in RFC sales, and has transferred 3,100,000 RFC to the Gate.io exchange. Based on the volume and transaction patterns across associated wallets, this activity suggests involvement from a larger, more strategic player.

First 9LMvNkALecBLeKtCzez9Vr594qB98dQDZk2gHoWkRYLZ RFC buys

9LMvNkALecBLeKtCzez9Vr594qB98dQDZk2gHoWkRYLZ main RFC movement.

* `7TqPiVEhHxmzCy4FuwRQ8SVUcCHDYHWi8HxMmeMoJpwZ` This appears to be another whale wallet. As of April 23, 2025, it holds 0.93% of the RFC supply and over 100,000 SOL and additional meme coin holdings. Most SOL is regularly deposited into and withdrawn from Binance, indicating active trading behavior. The wallet purchased over $200,000 worth of RFC, with the first buying phase starting on March 25. It sold approximately $57,000 worth of RFC on March 31, before resuming another buying round on April 18. * `C4GbdngLh7tdHLgC3jqWaEqHCf6kPdDb9weMPTaGMFfB` make over 250,000$ of profits selling RFC transferred from the `pvXy2FCSeHCXGSbXK4vqSxobwTqyYrQDnqW1XMqW9ar` wallet.

C4GbdngLh7tdHLgC3jqWaEqHCf6kPdDb9weMPTaGMFfB flow

The last thing we looked into was a suspicious cluster of wallets initially thought to hold around 0.5% of the RFC supply. After digging deeper, we discovered that this group controls about 6.5% of the total supply. The wallets were linked with Wintermute Bots. [Wintermute](https://www.wintermute.com/) is a known algorithmic trading firm and [market maker in the crypto space](https://www.forbes.com/sites/jeffkauflin/2022/12/20/with-sam-bankman-frieds-hedge-fund-gone-crypto-trading-firm-wintermute-emerges/?sh=4a94055d2bbb), often criticized for market manipulation. Some Twitter users even call these wallets “Death Bot” addresses. Here is a fast example of flows going on with the connected wallets:
Wintermute connected wallets ```python "7TwQvuEqjRGZETxW2fZy2kUeYz6tvMigMt6TeWHXYzGQ", "7rhxnLV8C77o6d8oz26AgK8x8m5ePsdeRawjqvojbjnQ", "3ZvDVJLq3yoCWMMjBU7dDdPySNPi8FJbWiiDy3bAPtKF", "7Z5VhcNSpMpaTVqRg8QTkySw6syfcTehTx8CqRPvf9bg", "7zenhRwrPi61L2S9SL8VDj88X7oEfese7Mj8WdStxyac", "2CLzp7kzTGE4upuGjWQAHGRTdHj5PwM38cRWurziJLA5", "4K8nRAcPBdpJ6CcgFjyeNUHEinGubuk5VdQSmtUX7oyp", "4K8nRAcPBdpJ6CcgFjyeNUHEinGubuk5VdQSmtUX7oyp", "A5tB5c78T38dMbfoyz6rBpRyvaQoVXgDr5qmXjxnLMDN", "Dyr9D7LChfZe2z7vo7jPeHD8T7ukSiDBJRWogdM4CUmE", "JDZMmYxbrDTwvF2wTbYebHzLaJ2te5Xo3gastgUbH87Y", "7WFrdaXgTndsNg2Bf5gxrkZ6FU2SUMB1ETgHHbzHnwk9", "BWuJjGUp57ocPhirvf4LPu1UHexMzHvj5tmiAHCYBAhS", "5Se1QkGw5k6ifbyaZxvTdpDAfxPCdRsmNGGr4K8GyE3j", "nkxM1SCNk6peRDrLMWV79oG4yfEKexXuiSb1NADgHmd", "BccSmkxdWNL8MkuBkbzcQoNTq7H3GbSjPXCfrB1DvNYY", "BrjQoy9btvctG3ifVKzQXKifQK4vePMstwTCNcxe7Ue7", "AWPmgAr6xDJUhCa2Wxna5gd14UT98hicTXdow9XkYnNX", "BrcTTponSkbfRTYp2J33WuVooVrYkFVNAgSXHpri9Dsd", "P3HqKrPhGe8HCzMjZ9YH8LmqEhQqqL2JEUK3BjK9rn9", "4GQeEya6ZTwvXre4Br6ZfDyfe2WQMkcDz2QbkJZazVqS", "MfDuWeqSHEqTFVYZ7LoexgAK9dxk7cy4DFJWjWMGVWa", "9xn3JjPreFAaAEBZL3VVvcou33jrfRWhsuiNbD4sJcEe", "C2FZxNGToRkspnrrGd2WDQBMo2p1571Agyg3xv9Dpu3t", "6JJdhkhk2fsxJcv5f2pEfrkMfHDe6bJSWT6JF2pUXGAK", "B1U63kxqf1DPBSKvktQfJ3yZVUPpNu1J2DdtvBBPoxmt", ```

Wintermute cluster on Bubblemaps.

We found that these wallets account for roughly **10% of the total trading volume** of the RFC token and have generated **hundreds of thousands of dollars in profits** over time. Analyzing their trading activity shows that **most of their volume occurred in the last two weeks**, coinciding with the **token price decline**.

Buy volume by Wintermute bots.

Sell volume by Wintermute bots.

Analyzing the top 10 holders reveals that a few entities hold significant control over the RFC token, suggesting a high level of manipulation. These wallets have enough RFC to either dump the price or push it up, meaning the token’s future largely depends on their actions. ### Top 6 Holder Analysis As previously mentioned, this section is dedicated to uncovering the operation behind the `Top 6 Holder` (`6cp3GGREqXJbeNTHxXDy1k9ShZqEW9fNj6CQ12gA8c34`) [wallet](https://solscan.io/account/6cp3GGREqXJbeNTHxXDy1k9ShZqEW9fNj6CQ12gA8c34). The following graphic illustrates the full scope of the activity and the network of connected wallets.

Full operation

To make the entire operation easier to understand, let's break it down step by step. The `Top 6 Holder` wallet appears to be primarily a deposit address, so we began our analysis with the wallet that initially transferred the RFC tokens. The source was `FEuhRFJNWZtppyxco4pLxnoJ7KwiSTSGuTmRwT7rMoLT` (tagged as `Top 6 Holder RFC Funder`), which sent 20 million RFC tokens—of which 5 million were later forwarded to another wallet. The flow of tokens looks as follows:

Top 6 Holder connections

We’ll now focus on the `Top 6 Holder RFC Funder` wallet, as it appears to be the **central hub** of the entire operation. `Top 6 Holder RFC Funder` wallet was initially funded via Mayan Finance on March 21, 2025, just a few days before the RFC token launch. The capital originated from Binance, was moved to the Ethereum network, then routed through two intermediary wallets before being bridged to Solana using Mayan Finance.

Top 6 Holder RFC Funder wallet funding.

The wallet remained inactive until the RFC token launch, and on March 25, 2025, at 01:04:51, it initiated three rapid buys on Pump.fun—just one minute after the official announcement on Twitter. In total, the wallet acquired over 5.5% of the total RFC supply for just over $1,000 USD. Given how the wallet was pre-funded, prepared days in advance, and executed purchases with such precise timing, it strongly suggests insider knowledge or access to non-public information, as the token launch was not publicly disclosed prior to the March 25 announcement on Twitter.

The early buys on Pump.fun

In the days that followed, the wallet engaged in several key actions: * A big portion of the RFC tokens was distributed across **three different wallets** * **Over $300,000 worth of RFC** was sold * The resulting profits were transferred to new wallets The flow of these transactions is outlined below:

Top 6 Holder RFC Funder flow

* The profits were sent to two different wallets—$260,000 USDC to one, and 271 SOL to another. The USDC was later transferred to a [final deposit wallet](https://solscan.io/account/7z2CX7EVVvyTzMnFUBUmHUWoyymFpspgHB5gdhXaHsLB?exclude_amount_zero=true\&remove_spam=true#transfers) (`7z2CX7EVVvyTzMnFUBUmHUWoyymFpspgHB5gdhXaHsLB`), which holds over $20 million in assets. This USDC was then moved to Binance. Based on the wallet’s behavior and transaction history, it doesn’t appear to be a classic exchange wallet, but rather one belonging to a very large whale. If anyone has more information about this address, let us know—it could be worth doing a full analysis of this wallet in the future.

7z2CX7EVVvyTzMnFUBUmHUWoyymFpspgHB5gdhXaHsLB wallet holdings.

Another interesting finding came when the **`Top 6 Holder RFC Funder`** moved **24 million RFC** and an additional **5 million RFC from the `Top 6 Holder` wallet**—**a total of 29 million RFC**—to the **MEXC exchange**. What stood out was the **0.6 SOL** sent to the **`Top 6 Holder SOL Deposit 2`** wallet to cover transfer fees. On Solana, having a small amount of SOL is necessary to execute any transactions. This **0.6 SOL** came from a [wallet](https://solscan.io/account/GkfKT1cgSyaKP7zT19gzTdVaEJrcPcurABe43m52xVwK?exclude_amount_zero=true\&remove_spam=true\&token_address=So11111111111111111111111111111111111111111#transfers) (`GkfKT1cgSyaKP7zT19gzTdVaEJrcPcurABe43m52xVwK`) that **constantly sends exactly 0.6 SOL to multiple addresses several times per hour**. The consistent timing and fixed amount make it look suspicious. It appears connected to **MEXC**, as most of its SOL funding also originates from there. While we can’t confirm the exact purpose, it **might be part of an organized operation by the MEXC exchange**. If the amounts varied, it would seem like a standard withdrawal wallet, but the identical 0.6 SOL pattern raises questions.

GkfKT1cgSyaKP7zT19gzTdVaEJrcPcurABe43m52xVwK wallet

The RFC token was officially listed on MEXC on April 9, 2025, at 13:28, [according to an announcement from the exchange on Twitter](https://x.com/MEXC_Listings/status/1909946599129944375). However, the tokens were [transferred to MEXC](https://solscan.io/account/Ac9PWpuk8nNM2hEQwbZEQj1KKyhcLEHuGRVHUD7Kxi4E?exclude_amount_zero=true\&remove_spam=true#transfers), on March 28, which strongly suggests this was the initial inflow required for the exchange to prepare the trading pair. Exchanges typically need a supply of tokens in advance before activating a new listing, and this transfer appears to have served that purpose. We currently have one theory: > It appears that MEXC exchange may have orchestrated the entire operation—sniping the tokens early to secure a large position, profiting from the price movement, and also ensuring they had the required tokens for the eventual listing. We analyzed wallets within a tightly connected cluster and uncovered more suspicious behavior. Two of these wallets received RFC tokens directly from MEXC’s hot wallet before the token was listed on the exchange, and then multiple sales were executed, generating profits. * One of them, `Top 6 Holder Subwallet 3` (`GeStwmQCzt2tZJvL9dsrX9GKS4b9oGc2vWNEhvGGhvUP`), received around 4 million RFC from MEXC and sold them for a profit of $318,393. A portion of that profit was later transferred to the same final deposit wallet mentioned earlier (`Top 6 Holder Final Deposit`), linking it to the initial sniping operation.

Top 6 Holder Subwallet 3 selling and profits move

* The [second address](https://solscan.io/account/6uEbyAM6ezCPq1S3JEb9ntPNiBSf8uh28vWVPrP4xZvz?exclude_amount_zero=true\&remove_spam=true#transfers) (`Top 6 Holder Subwallet 13`) received 20 million RFC from MEXC several days before the listing (29.3.2025). Then it distributed the tokens across multiple wallets, which later sold them alongside the tokens from the `Top 6 Holder RFC Funder,` suggesting coordinated activity.
To summarize, the wallets tightly connected within this cluster acquired RFC for just a few thousand USD and ultimately generated over $1.2 million in net profits from selling the token. These wallets were prepared and positioned days before the launch, enabling them to snipe early. Most of the profits were later moved across various Solana wallets and bridged out via Mayan Finance. Below is the full list of wallets, including their holdings, buy/sell activity, and total RFC profits.
Top 6 Holder conncted wallets
ADDRESSTAGFirst activeSOL HOLDINGRFC HOLDINGRFC TRADING PROFITSRFC BUYRFC SELL
FubKAUf81fcGsJxBRfxCetMaNGRUYdMNw3vitzfMvBG5Top 6 Holder Subwallet 2119-03-2025 0:45:5400$0,00$0,00$0,00
6HrK5sEHczPobGvKof1vTZ9Z3XUdEWuyqy1ng3e67M1aTop 6 Holder Subwallet 1919-03-2025 10:36:3200$0,00$0,00$0,00
97Hup6JrpS5kh6FMYypiwr1E2BxBfCrseoVqVtiuZk4STop 6 Holder SOL Fee 221-03-2025 8:25:0100$208.249,00$0,00$208.249,00
6t9HsiYTCjWSCGsjvqD8vuojEPGU2SPRtvARWMpjW3xbTop 6 Holder Subwallet 921-03-2025 8:25:5500$0,00$49,00$0,00
Dzuctu1ptMSgT7BHhYP6qyFxFp25eU8mJ2S2R5fPWA99Top 6 Holder Subwallet 1021-03-2025 8:46:4200$68.978,00$163,00$69.141,00
FEuhRFJNWZtppyxco4pLxnoJ7KwiSTSGuTmRwT7rMoLTTop 6 Holder RFC Funder21-03-2025 3:41:204.20$300.545,00$3.335,00$303.880,00
4GghnJysywQjvzQW5gAEp6DgzayhGzTpo47M3Nna5VxgTop 6 Holder Subwallet 2024-03-2025 22:29:3500$0,00$168,00$0,00
BtmQQZ8QEps5q4dZzH7YtdvhcsANHTHQbxDpecAZBEqtTop 6 Holder SOL Fee 124-03-2025 23:52:5900$28.304,00$3.218,00$31.521,00
9bmSPzeWMVnDWDKZHy5PbKH5uR5fPAAKqoBNQSDuEmPXTop 6 Holder Subwallet 225-03-2025 16:27:4100$0,00$5.924,00$0,00
cjDDvBNbmWXZjc9LEFKcjVxN2x2r8T6YBZS28AzSg9TTop 6 Holder Subwallet 1125-03-2025 18:09:460.99.000.000$22.044,00$0,00$22.044,00
DziueRSHFY8dQGDHCkgtnBMWF9xQGjLnZ756hsAK1UEUTop 6 Holder SOL Funder
6cp3GGREqXJbeNTHxXDy1k9ShZqEW9fNj6CQ12gA8c34Top 6 Holder28-03-2025 2:18:39015.010.000$0,00$0,00$0,00
HuN5adfBAedHUnpHANLmCL9NacVXbes3mdBsxSQzgCSSTop 6 Holder SOL Deposit18-04-2025 1:50:572710$0,00$0,00$0,00
5iKA5XU3RPr2GASPz37oWQ8Lzii4jDgMjZAGVJBuJiQGTop 6 Holder SOL Deposit 209-04-2025 18:41:09307.50$0,00$0,00$0,00
7WAt5CDn6eeHFvmFjc5f1yub5fKmhZFYN1HWMeE6BDezTop 6 Holder USDC Deposit31-05-2024 8:41:5600$0,00$0,00$0,00
ERm3rjRxWtaACbFqUkgUn5AWymBJL5RD5Xiu1MmhgRaxTop 6 Holder RFC Deposit 104-04-2025 0:37:3100$0,00$0,00$0,00
Ac9PWpuk8nNM2hEQwbZEQj1KKyhcLEHuGRVHUD7Kxi4ETop 6 Holder RFC Deposit 228-03-2025 5:26:370.60$0,00$0,00$0,00
HMoS3ManNuRbJXAo97tccxwJZj6xrZZvKFbWy1FsQMyXTop 6 Holder RFC Deposit 304-04-2025 11:22:380.56.500.000$7.798,00$0,00$7.798,00
7z2CX7EVVvyTzMnFUBUmHUWoyymFpspgHB5gdhXaHsLBTop 6 Holder Final Deposit175100$0,00$0,00$0,00
GeStwmQCzt2tZJvL9dsrX9GKS4b9oGc2vWNEhvGGhvUPTop 6 Holder Subwallet 307-04-2025 1:47:024.80$318.393,00$0,00$318.393,00
3f9RWgTGLuE8DDtGGzkd8D6jqFzDd7Nb9UdcPKDBUt5QTop 6 Holder Subwallet 424-05-2024 0:36:290.90$0,00$0,00$0,00
Epzcmw4eKnbkqXEyyUcNz8XeXJuBfT3Re21DG1VFVG16Top 6 Holder Subwallet 518-04-2025 1:58:002450$0,00$0,00$0,00
AA2A3Y5xohjxQe2cUHEXpna1QCMRKMDrgn7nJhCu2mELTop 6 Holder Subwallet 610-04-2025 7:23:570.21.000.000$176.976,00$0,00$176.976,00
12H2wvESuQfU8mFTAprjRnn3SBSfJYzyxpU9ABJTL7VnTop 6 Holder Subwallet 704-04-2025 0:34:2600$119.718,00$0,00$119.718,00
C5ZZ2feX7n29tgtkhR98hggFfi2uiYxDzZF99t1qmVk5Top 6 Holder Subwallet 812-04-2025 3:07:560.50$0,00$0,00$0,00
E3zU1bZ5oX1gNGkm3eeVR1o1wyZcyBDK7BP3f6tJRVXETop 6 Holder Subwallet 1204-04-2025 0:48:480194.990$0,00$12.224,00$0,00
6uEbyAM6ezCPq1S3JEb9ntPNiBSf8uh28vWVPrP4xZvzTop 6 Holder Subwallet 1328-03-2025 5:35:080.30$0,00$0,00$0,00
23nGFEniHVV4fM7L4KJud1kYrgHHFHFiEE2Tf5EHVvHvTop 6 Holder Subwallet 1429-03-2025 7:11:032.50$0,00$0,00$0,00
7nLkHCqv9xjeCwwHSdS53Z97apSC2H8WwHc4tv1g66LLTop 6 Holder Subwallet 1525-03-2025 18:16:060.10$11.045,00$0,00$11.045,00
4Ezzi5bZaKQu2r8d4cQw9BeiyyB7WzrYiXQuwcedxuavTop 6 Holder Subwallet 1630-03-2025 3:07:5600$0,00$0,00$0,00
FadVnWK2vkakzGsE4h2SVmSaSTsat5XqYFeK87wwzXHSTop 6 Holder Subwallet 1718-04-2025 1:54:18700$0,00$0,00$0,00
7WKSbXBTw5sXKeeC28zixiFhLRW7iHyQ9c3GswnpiRw8Top 6 Holder Subwallet 1824-03-2025 3:04:530.060$0,00$4.378,00$3.147,00
GkfKT1cgSyaKP7zT19gzTdVaEJrcPcurABe43m52xVwKMEXC connected wallet
DUGjv2MrwJYtcRxKat1EU14VMEPw6Esh9Vx7uPXPdg6eTop 6 Holder Small Wallet 104-04-2025 0:26:3600$0,00$0,00$0,00

Profits being sent to Mayan Finance Bridge.

In the chart below, we can see the amount of supply bought by these wallets over time. They sniped over 7% of the total supply right at the start of trading, with no significant purchases made afterward.

RFC bought supply.

Looking at the sell volume over time, we can see that these wallets have been **consistently selling**, yet they still **hold a significant portion of the supply—over 3%**—indicating there may be **more selling ahead**.

Sell volume over time by conncted wallets.

The final step in our investigation was analyzing the **deposits made to the Mayan Finance Bridge**. We traced the outflows and found that the funds were bridged to the **Ethereum network**, ultimately distributed across several addresses, including: * `0x9749c7d240be7ec17aed8470b9d5f303465ecb3a` * `0xf2d58f1310c59d3835920b2517d6834a73a47b29` * `0xbf26e75891Ae3E48b69643aD4B90D06C2F9DF8AC` All of these addresses appear to be **interconnected and likely controlled by a single entity**. On **April 24, 2025**, the majority of profits were consolidated and sent to three main destinations: * `0xbf26e75891Ae3E48b69643aD4B90D06C2F9DF8AC`: Holding **36.8 ETH** and **$192,530 USDC** (tagged as **ETH Deposit 1**) * **$110,000** was deposited into a **Coinbase wallet** * **97 ETH** was transferred to the **PulseChain Omnibridge** At this point, our tracking ends, as we are currently **unable to follow funds beyond PulseChain**. If anyone has expertise in tracing transactions on PulseChain, we welcome your input. The following diagram summarizes the **Ethereum-side flows**.

Ethereum-side flows of profits.

To conclude, this operation appears to be **highly coordinated, well-funded, and strategically executed**, pointing to the involvement of an experienced and organized actor—**potentially the MEXC exchange**. On-chain data strongly suggests that MEXC had **prior knowledge of the RFC token launch**, despite the official Twitter account claiming there were no insiders—**a claim that’s hard to believe given the blockchain evidence**. As of April 23, the wallets tied to this operation had already **generated over $1.2 million in profits** and still **hold more than 3% of the total RFC supply**. ## Conclusion From a broader perspective, RFC follows the typical pattern of many Solana-based tokens — initial hype followed by a sharp decline just weeks after launch. While the associated Twitter page has a large following, it doesn't reflect actual community support for the token, as the page wasn’t originally created for a token project. Our in-depth on-chain analysis reveals that whales dominate most of the activity, with two highly suspicious clusters profiting heavily: one linked to Wintermute trading bots and another showing behavior that points toward possible involvement by the MEXC exchange. In conclusion, this case highlights how many tokens today are heavily manipulated by a small number of entities who extract significant profits at the expense of retail participants. # Strategies Building a profitable strategy is one of the most important aspects of buying new tokens. Blokiments offers simple yet advanced tools for building the best strategy. In this tutorial, we will show you how the following process works. {% hint style="danger" %} **Before trading any token, you should be aware of many scams.** {% endhint %} ## What is a strategy? **A strategy is a collection of filters.** We offer 50+ filters, but using them separately is not as useful as combining them to create a strategy. Besides being just a collection of filters, a strategy offers many other features: * Adding alerts for being up-to-date with new tokens found by the strategy * Check the profits of found tokens by the strategy * Saving the strategy * Sharing the strategy with the community * Generate a trading strategy with maximizing profits In the following sections, we will explain in detail all the features that enable you to become a Gem Master! {% hint style="info" %} Many platforms, such as DexScreener or DexTools... offer trending sections where you can find the hottest tokens. But there are two main problems with this approach: * The user has no idea how the trending tokens are chosen * There are a lot of scams trending in the first place because the scammers have found out how the algorithm works Strategies can offer trending tokens based on user preferences with many other features. {% endhint %} ## Default Strategies (Base View) To make your journey more user-friendly, we created multiple default strategies to help you easily find trending tokens. To check the default strategies, go to the [Discovery Hub](https://blokiments.com/discoveryHub). They are available to all users.

A list of available default strategies.

{% hint style="success" %} Each network's default strategies are designed differently to adapt to the selected network trends. We actively monitor the default strategies and adapt the filters to ensure their best performance. {% endhint %} You can load the current pools matching the strategy's filters by clicking the USE button.

An example of how the results look when we run a strategy.

There are multiple strategies adapted for different users' risk profiles. The description under the strategy name can give you better insights into the strategy filters. Of course, checking and adjusting the strategy filters is possible, which we will learn in the next section. {% hint style="warning" %} Sometimes, a strategy may return no results. This happens when no pools fit the minimal filter criteria. Waiting and checking the strategy for a few hours can change the results. {% endhint %} ## Checking and adapting default strategy filters You may be interested in how the results are selected for a specific strategy. The selected filters are shown for the default strategy by changing the mode to Pro.

Current filters for the selected strategy.

Feel free to adjust the filters and the values to your preferences. You can[ learn more about the filter options here](/features/discovery-hub/filters-guide). When ready, click the Apply Filter button to get the latest pools that match the filters. If you like the strategy results and you want to share them with your friends or community, you can create a shareable link that will load the exact same filters. There are two options: * **Copy Link**: The URL will be copied to your clipboard, and it's available to paste wherever you want * **Share on X**: Share the strategy with your followers on X (ex Twitter)

Share your strategy filters.

## Checking the strategy profits When you run a strategy or filter some tokens, you see the current tokens meeting the criteria. But it would be interesting to see how well the strategy would perform if you bought every newly detected token.
Technical details on how the detection works In our backend, we run all the strategies every 2 minutes and check for any new tokens in the results (we have a list of previously found tokens for each strategy, so no duplicates are allowed). If a new token is found, we add it to the list of found tokens for the strategy. In batch intervals (every few hours), we run a profit report for each default strategy's latest 30 found tokens.
We calculate a profit report with each default strategy to better understand the strategy performance. When looking at the strategies, you can see a `Avg. Peak Price`field. The field represents the average peak profits for the 30 latest found tokens. We constantly run the strategies filters in the backend and check for new matching tokens. If a token is found the first time, we save the time it was detected and calculate a profit report based on the price change.

The average peak price for a strategy.

The strategy dashboard provides a detailed list of the tokens found and their profits (the latest 30 found tokens are included in the analysis). 1. To access the list, go to . 2. Select the networks you are interested in. 3. Select the strategy 4. Click on the Tokens section.

Latest foun tokens for a selected strategy.

In the Tokens profit report, you can see the following fields: * **Current Price**: The price change in % from the moment the token was found till the current time (the report generation time) * **Peak Price:** The maximal profits in % from when the token was found. This represents the maximal theoretical profits if the token is sold at the top, which is hard to do in practice. * **Dip Price**: The lowest the token price moved in % from the moment the token was found. It can help you identify a good stop-loss. * **Volume Moved**: The amount of trading volume change in USD from the token detection timestamp. * **Found**: The timestamp when the token was detected for the first time. In the[ following video](https://x.com/blokiments/status/1894102292938293637), you can check the full process. ## Build and save your strategy Our strategy systems' main feature enables users to build strategies using more than 60 filters and detect tokens in real-time. The profits report shows how well the strategy would perform for new tokens. Let's build a strategy! {% hint style="warning" %} This feature requires a user to log in. Create an account [here](https://blokiments.com/register). {% endhint %} 1. **Step 1: Open the** [**Blokiments Discovery Hub Pro**](https://blokiments.com/discoveryHub) **version and remove all already set filters.**

Step 1

2. **Step 2: Set the filters to your liking.** You can use our [filters guide](/features/discovery-hub/filters-guide) to learn how all the filters work or the [strategy-building guides](/guides/strategy-building-guides) to learn the ultimate tips and tricks. For the sake of this tutorial, we are setting and applying the following filters ([learn how to set filters](/features/discovery-hub#add-filters)): 1. Price Age greater than 5 days. 2. The price trend in the last 30 days is an uptrend. 3. Liquidity in USD is greater than 50k $. 4. Suspicious Trades percentage is less than 10%. 5. The social score is greater than good. 6. The top 100 wallets hold less than 80% of the supply. 7. More than 10 detected Smart Money Traders. 8. We sort the results by the volume change on the last day. Applying the filters will show the pools currently meeting the criteria set by the filters. {% hint style="info" %} Select the blockchain you want to apply the filters in the top left corner. {% endhint %}

Step 2

3. **Step 3:** **You can save the strategy when you are happy with your filters.** This will allow you multiple things (we will look at this in the following chapters of the tutorial): 1. You can open the same strategy without setting the filters again. The saved strategy will be displayed in the top bar of the Base view or the right sidebar of the Pro view. 2. Set an alert (Telegram, Discord, Webhook) to receive real-time notifications about new tokens that meet the filters. 3. Generate profit reports to see how well the strategy would perform on new data. 4. Export the profits reports and the found tokens to CSV, JSON, and Excel to continue with more advanced manual analysis. **Click the saving icon in the top right corner to save the strategy.**

Step 3a

After clicking the safe button, a pop-up window opens where you can set a name and a description for the strategy. Click on the Create button when you are done. * Name: Helps you to identify the strategy in the dashboards. * Description: You can explain why you set these filters, add links, or do whatever will help you in the future (or leave it empty—it's up to you).

Step 3b

4. Step 4: We can confirm the strategy was successfully saved.

Step 4

## Add an alert to your strategy As explained, we constantly check for new tokens that match the filters for all the saved strategies in the background. You can add an alert to your saved strategy to be notified when a new token is found in real time. We currently support notifications to Telegram, Discord, and webhooks. Select the strategy you want to add alerts by clicking on the `Use` button and then click the alert bell icon in the top right corner.

First click use on the strategy, than click on the bell.

The pop-up opens where you can assign an alert destination for the strategy. If this is your first time, you must create an alert destination by clicking: `Add New Destination`. [Follow the guide for the setup](/features/alerts).

Select the destination.

Click `Create` when you are done. Now, alerts will automatically be sent when a new token is detected. {% hint style="warning" %} Based on your filter selection, it can take a while to get a token that meets your filter selection. Let's say you created a filter to detect tokens with more than two million of liquidity. If there are no new tokens that meet this criteria, no alerts will be sent. You can always adjust your strategy. {% endhint %} ## Generate a profit report Coming soon. ## Build your trading strategy Coming soon. ## Edit you strategy Coming soon. ## Export strategy data Coming soon. # Discovery Hub One of our app's key features is the filter functionality, which allows you to easily search for specific tokens based on your preferences. ## Use predefined strategies Coming soon. ## Add filters Coming soon. ## Edit columns position ## ## Filter rows

Filter rows

For each filter you can set: * Filter name * Operator * Value * Timeframe (optional) {% tabs %} {% tab title="Filter Name" %} **Filter name** specifies what exact filter you want to use. For example - *pair age*, which tells you how long ago a dex pair was created. > If you are not sure what a specific filter means, you can hover over the *info* icon or check out the [Filters guide](/features/discovery-hub/filters-guide)page. > {% endtab %} {% tab title="Operator" %} **Operator** specifies how the filter behaves. In our example above, we only want token pairs that have *Security Score* **equal** to Good. And we only want token pairs that were created less than 10 days ago (*Pair age* **less than or equal to** 10). And we only want tokens whose *Price changed* by **more than or equal to** 50 in the **last 1 day**. {% endtab %} {% tab title="Value" %} **Value** specifies the value for the filter. In the example we could set the *Pair age* to **10** days. Or **15**, or **2,** etc. {% endtab %} {% tab title="Timeframe" %} **Timeframe** is used for some filters. In our example, the *Price change* is calculated by taking the current price and the price **1 day** ago. But we could also check the *Price change* for the last **7 days** or last **30 days.** {% endtab %} {% endtabs %} If you want to add more filters you can click the *Add filter ...* or if you want to delete a specific filter, you can click the *X* sign. ## Sorting

Sorting

Inside this section, we can set the sorting order of our returned token pairs. We can sort by specific filters or metrics and we can set the order to be **ascending** or **descending**. In our example, we filtered the coins and sorted them so that the ones with **most** *New Buyers* are in the first rows. ## Filter configurations

Filter configuration

As you experiment with filters you will find a few good combinations (called **filter configurations**). One configuration might be good for finding gems that are really starting to go off. Another configuration might be good to help you find potential gems you want to keep your eye on. On the right side of filters table you can **save** or **load** these configurations. By default we provide you with a few to get you started. These will be always available, but you are free to add your own. ## Other

Apply Filters button

Once you are satisfied with your selected filters click the **Apply filters** button. All the filters will be applied and the token pairs that pass every filter are returned back. In our example the token pairs need to have **Security Score** *greater or equal to* Good and **Pair Age** *lower or equal to* 10 and **Liquidity Score** *greater than or equal to* Mediocre. *** Once you are done with filters, you can **collapse** the table and focus on the token pairs.

Collapse button

*** If you want to check out every information we have about a specific token pair, you can do so in the [Token Analyzer](/features/token-analyzer)(check out next section). ### Automatic removal of inactive and scam tokens We automatically remove tokens with low liquidity (less than 5000$) and detect rug pulls, honeypots, and tokens created by the previous scammers. ### Show duplicated tokens Our system parses blockchain data to display metrics for each liquidity pool separately. By default, duplicated pools (if multiple pools are found for the same token based on the filter results) are hidden and only the pool with the most liquidity is shown. By clicking on the `Show similar pools` button all pools will be displayed.

Show all pairs.

🎓 What is the difference between a token and a pool (pair)? A token is a digital asset issued on a blockchain, often following standards like ERC-20 on Ethereum. It represents a unit of value or utility. Its creation is an independent event that defines its supply and functionality. A liquidity pool (or pair) is a smart contract that enables decentralized trading by holding reserves of two tokens, typically the token in question and a base asset (like WETH, SOL or a stablecoin). These pools use Automated Market Maker (AMM) algorithms to facilitate swaps and provide liquidity. To draw an analogy, consider a token as an independently manufactured product. Liquidity pools are like different retail outlets where the product is sold. Here are the key points: * Multiple Pairings: A single token can be paired with various other tokens across different liquidity pools. Each pool acts as an independent market with its own liquidity depth, trading volume, and fee structure. * Sequence of Creation: The token must be deployed to the blockchain before creating any liquidity pool. In practice, liquidity pools can be launched much later than the token, allowing for evolving market opportunities. * Trading Dependency: Without an active liquidity pool, there is no mechanism for price discovery or trade execution. A token cannot be traded if it isn’t paired in a liquidity pool.
# Filters guide Understanding and Using Blokiments Filters One of the core strengths of the **Blokiments** app lies in its **powerful filtering system**, designed to help users **discover tokens** and **build tailored strategies** with precision and speed. We offer **dozens of filters and metrics**, thoughtfully categorized to give users a flexible and structured search experience. These filters are organized into the following main categories: * [**General filters and metrics**](/features/discovery-hub/filters-guide/general-filters) * [**Liquidity filters and metrics**](/features/discovery-hub/filters-guide/liquidity-filters) * [**Security filters and metrics**](/features/discovery-hub/filters-guide/security-filters) * [**Socials filters and metrics**](/features/discovery-hub/filters-guide/social-filters) * [**Trading filters and metrics**](/features/discovery-hub/filters-guide/trading-filters) With these filters, you can **mix and match conditions** to find tokens that meet your exact criteria—whether you're hunting early gems, analyzing trading patterns, or building automated strategies. ## Filter selection When adding a new filter in the **Discovery Hub**, a selection window will appear. This process is divided into **three main steps** to help you easily find and apply the right filter: 1\. **Choose a Filter Category (Left Panel):** Filters are grouped into categories to make navigation easier. On the **left side** of the window, you’ll see a list of filter categories. **Hover over** or **click** on a category to explore the filters it contains. **2. Once you select a category explore Subcategories and Filters:** * **Subcategories** will appear in **orange text** to help you narrow down your search. * **Individual filters** are displayed in **white text** within each subcategory. * Hover your mouse over a filter (or **long-press** on mobile/tablet) to see a **description** of what the filter does, which will appear **at the bottom** of the window. 3\. **Select a Filter:** When you've found the filter you want simply **click on it** to select. The selection window will **automatically close**, and the filter will be added to your strategy or search.

Filter selection window.

# General filters General Filters in the Blokiments App.

General filters

The **General** category includes two main subcategories: **Main** and **Price-Related** filters. These filters enable you to extract tokens based on fundamental criteria, allowing you to narrow down your selection efficiently. Let's explore each filter in more detail. ## Blokiments Score This is the primary score that consolidates all token metrics into a single value, ranging from 0 to 100 (with higher values being better). For a detailed explanation, refer to the [**Scores** section](/features/discovery-hub/filters-guide/our-scores). This filter is also **sortable**, meaning you can sort the token results based on their **Blokiments Score** for easier comparison and analysis.

Example of using Blokiments score as a filter and a sorting value.

## DEX Name
What is a DEX? A **DEX**, or **Decentralized Exchange**, is a place where people can trade cryptocurrencies **directly with each other** without needing a middleman like a bank or a traditional exchange. Instead of a company holding your money, a DEX runs on blockchain technology using **smart contracts**, which automatically match and process trades. You stay in control of your crypto the whole time. In short, a DEX allows you to swap cryptocurrencies with others directly and securely, utilizing **blockchain technology.**
In the decentralized world of blockchain, most trading occurs on decentralized exchanges, commonly referred to as **DEXes**. To trade any token created on a blockchain, that token must be listed on a decentralized exchange (DEX). Each blockchain can have multiple DEXes, and it's common for a single token to be traded across several of them. At **Blokiments**, we aggregate token data based on **DEX pools**. This filter allows you to extract only those tokens that are traded on a specific DEX. For example, if you want to see only tokens available on **Uniswap V3**, you can set the filter to `UniswapV3`. We support numerous DEXs across various blockchains, and our list is regularly updated. You can view the full list of supported decentralized exchanges (DEXes) [here](/roadmap-and-releases/supported-networks#supported-dexes). You can apply multiple `=` filters in a single query, and the same applies to the `!=` operator. However, the `=` and `!=` operators **cannot** be used together in the same query. When multiple filters are applied, they are treated as **OR** conditions — meaning the token only needs to match **one** of the specified criteria.

Example of setting up 2 DEX Name filters.

## Pair/Token Age in Days When researching tokens to trade, it's very common to filter by **token age** or **pair age**. These filters can be helpful in different scenarios: * If your strategy is to **"ape in" on early-launched tokens, you can use the filter to show only tokens created within** the last 5 days, for example. * If you prefer a **less risky** trading approach, consider looking for tokens that are older than 30 days. {% hint style="warning" %} **Note:** Trading newly launched tokens can be extremely risky. Over **95% of all rug pulls occur within the first day** after a token is launched. {% endhint %}
🎓 What is the difference between a token and a pool (pair)? A token is a digital asset issued on a blockchain, often following standards like ERC-20 on Ethereum. It represents a unit of value or utility. Its creation is an independent event that defines its supply and functionality. A liquidity pool (or pair) is a smart contract that enables decentralized trading by holding reserves of two tokens, typically the token in question and a base asset (like WETH, SOL or a stablecoin). These pools use Automated Market Maker (AMM) algorithms to facilitate swaps and provide liquidity. To draw an analogy, consider a token as an independently manufactured product. Liquidity pools are like different retail outlets where the product is sold. Here are the key points: * Multiple Pairings: A single token can be paired with various other tokens across different liquidity pools. Each pool acts as an independent market with its own liquidity depth, trading volume, and fee structure. * Sequence of Creation: The token must be deployed to the blockchain before creating any liquidity pool. In practice, liquidity pools can be launched much later than the token, allowing for evolving market opportunities. * Trading Dependency: Without an active liquidity pool, there is no mechanism for price discovery or trade execution. A token cannot be traded if it isn’t paired in a liquidity pool.
We offer **two separate filters**: * **Token Age**: Tracks how long ago the token itself was created. * **Pair Age**: Tracks how long ago the trading pair (pool) was created. These are not always the same — it's common for a trading pair to be launched days or even weeks after the token is created. If you're looking to discover **new projects**, filtering by **token age** is usually the better choice. The age metrics measure the number of full days since creation: * If a pair was created on September 1st and today is September 10th, the **pair age** will be **9 days** (counting full days passed). * If a token was created within the **last 24 hours**, its **token age** will be **0**. * If it was created between **24 and 48 hours ago**, the age will be **1**, and so on. These filters enable you to target tokens that align with your risk profile and trading strategy. {% hint style="info" %} The filter can also be used as a sort value. {% endhint %}

An example of filtering tokens newer than 3 days and sort them from the newest to the oldest.

## Price change in % This filter allows you to find tokens based on their **percentage price movement** over a specific time frame. 1. Enter the percentage threshold for the filter (e.g. `40` to filter tokens that moved 40% or more, depending on the operator you selected.) 2. Define the period over which the price change is measured. The available options are: 30d, 7d, 1d, 12h, 4h, 1h.
When you add **multiple filters**, they are evaluated using **AND logic**. This means that **all conditions must be true** for a token to appear in the results. For example, if you apply: 1. **Price Change ≥ 40% (1d)** 2. **Price Change ≤ 10% (12h)** Only tokens that satisfy **both conditions** — 40%+ change in the last 24 hours **and** no more than 10% change in the last 12 hours — will be included. ## Price trend If you don’t want to deal with exact percentage movements every time, you can use the **Price Trend** filter instead. In the background, we continuously calculate the trend for each token in real-time, classifying it as an uptrend, a sideways trend, or a downtrend. This gives you a quick way to assess the overall direction of a token's price without needing to set specific percentage thresholds. We currently support trend analysis over three time frames: * **1 day (1d)** * **7 days (7d)** * **30 days (30d)** For example, you can easily filter for tokens that have been in an **uptrend over the last 7 days**, making it easier to spot momentum without manual calculations.

A price trend filter usage example.

## Example This [example is configured](https://blokiments.com/s/0dbac572) to find **Solana-based tokens** that meet all of the following conditions: 1. **🟠 Blokiments Score ≥ 40** * Only includes tokens with a **Blokiments Score of 40 or higher**, indicating stronger fundamentals based on our internal metrics. 2. **🟠 DEX Name = PumpSwap AMM** * Filters for tokens that are **traded specifically on PumpSwap AMM**. 3. **🟠 Token Age ≥ 3 days** * Ensures tokens are **at least 3 days old**, avoiding newly launched tokens that may carry higher risk. 4. **🟠 Token Age ≤ 30 days** * Limits results to **tokens no older than 30 days**, focusing on relatively new projects. 5. **🟠 Price Change (1d) ≥ 40%** * Includes only tokens that have experienced a **price increase of 40% or more in the last 24 hours**, highlighting strong short-term momentum. 6. **🟠 Price Trend = Uptrend (7d)** * Filters for tokens that have shown a consistent **uptrend over the past 7 days**, according to our trend analysis model.

Filter configuration

# Liquidity filters # Security filters ## Traders Trust

An example of a strategy using traders trust filters.

These filters help you spot risky tokens and avoid scams by analyzing the behavior of wallets and traders. Use all three filters together to get a clear picture ([Try it here](https://blokiments.com/s/3453cd25)). The token will likely be safer if all ratios are low. Always double-check before investing! This is only one way to remove scams from your filter search. ### **New Wallets Ratio**

New Wallets Ratio filter

This shows the percentage of new wallets (with no past activity and suspicious behavior) swapping the token. * **Why it matters:** If many new wallets buy a token, it could signify a scam (like bots or fake buyers). * **How to use it:** * Look for tokens with less than 10% new wallets. * A low ratio means more trusted, experienced wallets trade the token. ### New Wallets Volume Ratio

New Wallets Volume Ratio filter

This shows the percentage of trading volume (money being moved) that comes from new wallets. * **Why it matters:** If most of the volume comes from new wallets, it's a red flag—scammers often use new wallets to fake activity. * **How to use it:** * Choose tokens where this ratio is under 10%. * A lower volume ratio means real money comes from known wallets, not suspicious new ones. {% hint style="info" %} **Why You Need Both (New Wallets Volume Ratio and New Wallets Ratio)?** \ \ Sometimes, only a few new wallets are involved (low New Wallets Ratio), but those wallets are doing most of the trading (high Volume Ratio). This kind of imbalance is a red flag — it's exactly how scam projects fake trust or pump-and-dump. Other times, there might be lots of new wallets involved (high Wallets Ratio) but they aren't trading much volume — which can also be suspicious (like bots or mass fake accounts). {% endhint %} ### Suspicious Traders

Suspicious Traders filter

This shows how many suspicious traders are involved. Suspicious traders are traders that has a history of trading mostly scams, rug pulls or tokens with fake volume. * **Why it matters:** A high number of suspicious traders is a clear warning sign—they might try to manipulate the token or pull a scam. * **How to use it:** * Look for tokens with 0% suspicious traders for maximum safety. * Even a small percentage can be risky, so use caution. ## **Is the contract verified** ## **Ownership Renounced** ## **Number of Tokens Created by Deployer** **The "Number of Tokens Created by Deployer" filter tracks the total number of tokens created by the same deployer address (the wallet or smart contract that originally launched the token). This metric provides insights into the deployer’s activity, revealing whether they are focused on a single project or involved in multiple token launches.** **Why It's Cool: This filter helps you assess the credibility and intent behind a project by examining the deployer’s past behavior. If the deployer has created multiple tokens, it can be a sign of a prolific developer or team, but it can also raise red flags about the potential for scams, such as pump-and-dump schemes or rug pulls. Understanding the deployer's history allows for better risk assessment when evaluating a new token.** {% hint style="info" %} **Some apps can easily deploy tokens using the same deployer address, even if the token owners are not connected. In the future, this will be fixed by tagging such addresses.** {% endhint %} ### Buy Tax Each trade incurs a fee that is split between liquidity providers and the protocol itself. This fee is commonly called a "swap fee" and is typically set at 0.3% of the transaction value. However, some tokens on Uniswap may also have additional fees associated with them, known as **sell/buy taxes**. These taxes are applied on top of the standard swap fee and are typically used to incentivize holders to hold the token for longer periods of time. Sell/buy taxes are usually **imposed by the token's contract itself and can vary widely depending on the specific token.** For example, some tokens may have a higher sell tax than buy tax, meaning sellers will incur a larger fee than buyers. Other tokens may have a flat fee that is applied equally to both buys and sells. {% hint style="danger" %} It's important to pay attention to the sell/buy taxes associated with any tokens you're considering trading. {% endhint %} * **Buy tax** will cause the actual value received when buying a token to be less than expected, and too much buy tax may lead to heavy losses. * **Sell tax** will cause the actual value received when selling a token to be less than expected, and too much buy tax may lead to large losses. # Trading filters Description for trading filters and metrics in the Blokiments app. ## Experienced Buyers Coming soon. ## KOLs filters and metrics We maintain a growing database of 1300+ verified KOL wallets, manually curated from across the crypto space. These are the wallets of influencers, analysts, traders, and public figures whose on-chain moves can provide valuable insight. {% hint style="info" %} **💡 If you spot a new KOL wallet, share it in the** [**community chat**](https://t.me/blokiments_public) **— we’ll review and add it to the database. The list is continuously expanding and improving.** {% endhint %} We support a full suite of **KOL wallet filters**, including: **📈 Wallet Count-Based Filters:** Track the number of KOL wallets interacting with a token over a selected time frame: * **Total KOL Buyers** * **Change in KOL Buyers** (in selected interval) * **Total KOL Sellers** * **Change in KOL Sellers** (in selected interval) * **Net KOL Buyers** (buyers minus sellers) * **Change in Net KOL Buyers** (in selected interval) **💰 Volume-Based Filters:** Measure the trading volume (in USD) from KOL wallets: * **KOL Buy Volume** * **KOL Buy Volume Change** * **KOL Sell Volume** * **KOL Sell Volume Change** * **KOL Net Volume** (buy volume minus sell volume) * **KOL Net Volume Change** ## Smart money filters and metrics Our advanced smart money filters make it effortless to track tokens being actively bought or sold by top-performing wallets in real time. The real power lies in flexibility—you can seamlessly combine smart money insights with other filters to produce high-quality opportunities faster. Whether you’re tracking buyer/seller counts, volume shifts, or net flows, our system gives you granular control and live data on what skilled traders are doing. The process of how we define smart money wallets is [defined here](/features/smart-money-analysis#how-do-we-calculate-smart-money-wallets). {% hint style="info" %} All smart money data is refreshed on a minute basis. {% endhint %} We support a full suite of smart money filters, including: * **Wallet Count-Based Filters:** These filters track the number of smart money wallets interacting with a token, whether buying, selling, or net buying/selling. * Total smart money buyers * Change in smart money buyers in a selected interval * Total smart money sellers * Change in smart money sellers in a selected interval * Total net smart money buyers * Change in net smart money buyers in a selected interval * **Volume-Based Filters:** These filters measure the volume (in USD) traded by smart money wallets. * Smart Money Buy Volume * Smart Money Buy Volume Change * Smart Money Sell Volume * Smart Money Sell Volume Change * Smart Money Net Volume * Smart Money Net Volume Change
## Holders filters and metrics This section explains our advanced filters for filtering holders and their distribution. The token distribution shows how cryptocurrency is shared (allocated) among different user groups: founders, investors, and the community. Thanks to blockchain transparency, you can easily check the real token distribution. Aping into a meme coin is fun, but the holder distribution is important to the long-term success of a token. New launches are the riskiest places to spend money in the meme coin space. The developers and team (if they even have a real team) will likely hold much of the supply. If a token makes it past the initial launch, one of the most crucial points to its long-term success is the drawdown from an ATH, where the tokens can be redistributed from the larger holders across multiple new buyers who all hold a much smaller percentage of the tokens. Many factors should be considered when deciding to invest in a project. One of the most important in ensuring the safety of your money is the distribution of holders. Having the tokens spread out healthily helps a token survive as people leave or buy into the project and ensures the long-term growth of the token. This is why we offer different filters and metrics for holders and their distribution. {% hint style="info" %} All holder data is refreshed on a daily base. {% endhint %} ### Total token holders The **Total Token Holders** metric represents the number of unique wallets holding a specific cryptocurrency token at any time. It provides a high-level view of how widely a token is distributed among crypto ecosystem participants. The number of total token holders is a critical indicator of the adoption and popularity of a project. A higher number of token holders often suggests a broader level of interest and participation, which can contribute to: * **Market Stability**: A wider distribution of tokens among numerous holders reduces the risk of price manipulation by a few large investors. * **Community Engagement**: Tokens held by more individuals foster a stronger and more active community. **Including "Total Token Holders" in your filtering criteria enables users to identify tokens with desirable distribution patterns and avoid potential risks.** **Available Filters:** * **`Total Holders:`** Displays the current number of token holders. Usually, higher is better. * **`Change In Holders (1 day, 7 days, 30 days)`**: Tracks changes in the number of token holders over specific timeframes. We want to see positive values. This means the project is growing. Example of a filter configuration ([try it here](https://blokiments.com/s/c307b6c7) - fix the values as needed):
You can check the change in token holders over time in the plot in the token detail view by clicking on the token:
{% hint style="warning" %} **Potential Risks:** * Be aware that the **Total Token Holders** metric can be artificially inflated by: * **Fake Airdrops**: Tokens sent to popular wallets to create the illusion of higher holder counts. * **Wallet Splitting**: Dividing large holdings into multiple wallets to simulate decentralization, but the same entity controls all the tokens. We currently can't connect multiple wallets (we plan to implement this in the future). In the meantime, you can use tools like [Bubblemaps](https://bubblemaps.io/). {% endhint %} It’s important to understand that **Total Token Holders alone cannot give you the full picture**. While many holders might seem positive, the **distribution of tokens** among these holders is equally critical. For example, take a token with 1,000 smallholders (a total sum of 10% of the supply) and a single wallet holding 90% of the supply. A token would have 1001 holders, which is not bad, but the distribution is very bad. This indicates centralization and significant risk. Always analyze the **distribution** alongside total holders to accurately assess a token’s health and potential. ### Token holders **distribution** {% hint style="warning" %} Currently, distribution filters are only supported for Solana. Support for other chains will be added soon. {% endhint %} **Token distribution** refers to how a cryptocurrency’s total supply is allocated across its holders. It measures the ownership concentration among wallets, offering insights into whether the token is widely held by many participants or controlled by a few significant players. {% hint style="info" %} Where detection is possible, **supply held by centralized exchanges or decentralized exchange (DEX) liquidity pools is excluded from the distribution analysis**. This adjustment ensures a more accurate representation of the true distribution among individual holders, as exchange wallets often consolidate large amounts of tokens for trading and liquidity purposes. {% endhint %} **Supported Filters for Token Distribution Analysis:** * **`Top 1 holder sum (%)`**: Measures the total percentage of the token supply held by the largest holder. It helps identify extreme centralization. If one wallet holds a disproportionately large percentage of the supply, it could pose risks such as price manipulation or liquidity instability. * **`Top 10 holders sum (%)`:** Represents the total percentage of the token supply held by the top 10 holders combined. * **`Top 20 holders sum (%)`:** Calculates the total percentage of the token supply held by the top 20 holders. * **`Top 50 holders sum (%)`:** Represents the percentage of tokens held by the top 50 holders. * **`Top 100 holders sum (%)`:** Summarizes the total percentage of tokens held by the top 100 holders. * **`Top 200 holders sum (%)`:** Measures the total percentage of tokens held by the top 200 holders. * **`Median holder rank`**: Identifies the wallet rank at which half the total token supply is held. For example, if the median rank is 50, the first 50 holders collectively own 50% of the total supply. Indicates whether the token supply is top-heavy (dominated by a few wallets) or more evenly distributed. The higher the value, the better. * **`Holders HHI Market Concentration`**: The Herfindahl-Hirschman Index (HHI) calculates the concentration of ownership by squaring the percentage of supply held by each holder and summing the results. It can range from close to zero to 10,000. A market with an HHI of less than 1,500 is considered a competitive marketplace; an HHI of 1,500 to 2,500 is moderately concentrated, and an HHI of 2,500 or greater is highly concentrated. The primary disadvantage of the HHI stems from the fact that it is such a simple measure that it fails to consider the complexities of various markets. The lower the value, the better. * **`Has Whale Wallet Distribution`**: Summarize all the above metrics in a simple True/False filter: * **True (BAD)**: If whale wallets hold a substantial percentage of the supply, signaling high concentration. * **False (GOOD)**: If ownership is more evenly distributed among holders, suggesting lower whale dominance. Here is an example of a filter configuration to find new trending tokens with good holders and distribution metrics on Solana: . Before buying any token, always check the holder distribution in the pair detail view.

Example of a very bad token distribution.

{% hint style="info" %} It's possible to check how much of the tokens are held by the developer (creator or deployer of the token -> The Deployer Holds filed). If you see some % here, it is a bad sign. Of course, the deployer could move the tokens to another wallet, but we couldn't detect this currently. {% endhint %} So, when building your strategy with our filters, don't forget to add the token holders and token distribution filters to your query (besides the others!). For example: * **`Token holder > 500`** * **`Top 100 holders sum (%) < 60%`** * **`Median Holder Rank > 50`** # Social filters Description for social filters in the Blokiments app. Supported filters: * [Is Listed On CoinGecko](#is-listed-on-coingecko) * [Is Listed On CoinMarketCap](#is-listed-on-coinmarketcap) * [X (ex Twitter) filters](#x-ex-twitter-filters) * [Telegram members](#telegram-members) * [Shillers filters](#shillers-filters) ## Is Listed On CoinGecko The filter helps you filter out the tokens that are listed on [CoinGecko](https://www.coingecko.com/). {% hint style="info" %} The results may take up to 24 hours to be updated. {% endhint %} | Features | Options | | --------------------------------------- | --------------------------------- | | Value | Boolean (True, False), `ex. True` | | Operators | `True, False` | | Time ranges | `None` | | [Maximum usage](#user-content-fn-1)[^1] | `1` | | Is sortable | `False` | ## Is Listed On CoinMarketCap The filter helps you filter out the tokens that are listed on [CoinMarketCap](https://coinmarketcap.com/). {% hint style="info" %} The results may take up to 24 hours to be updated. {% endhint %} | Features | Options | | --------------------------------------- | --------------------------------- | | Value | Boolean (True, False), `ex. True` | | Operators | `True, False` | | Time ranges | `None` | | [Maximum usage](#user-content-fn-1)[^1] | `1` | | Is sortable | `False` | ## X (ex Twitter) filters ### Has an Active Twitter Account **What It Is:** The "Has Active Twitter Account" filter checks whether a token's official Twitter (X) account is active. For an account to be considered active, it must have the following guidelines: * It must exist (some projects provide a link that does not exist or has been deleted) * Should not be suspended (some project accounts violate the X rules and are suspended) * It should not be temporarily restricted * Must have at least one follower * You must have at least one post We are also checking that the account is not using a fake Twitter link that is not connected to the selected token (a warning is added for these tokens). We do this by checking how many projects have the same Twitter account, the similarity of the handle to the project name, and the large number of followers. {% hint style="info" %} More checks will be added (last posts, number of posts in last N days, post sentiment, engagement). {% endhint %} **Why It's Cool:** This filter helps you quickly identify whether a token’s team maintains an active presence on Twitter, one of the most influential platforms in the crypto world. An active Twitter account is crucial for communicating with investors, sharing updates, engaging with the community, and building credibility. **What to Pay Attention To:** * **Consistency of Posts:** An active account isn’t just about existing and regularly posting updates. Frequent posts indicate that the team is engaged with the community and working on the project. Look for consistent communication rather than just sporadic or infrequent updates. * **Content Quality:** Pay attention to the nature of the posts. Are they informative and professional, providing valuable updates and technical insights and engaging with followers? Or are they mostly promotional and hype-driven? High-quality content can indicate a well-managed project that values transparency. * **Engagement Metrics:** Look beyond the account's existence—examine how well it engages with its audience. High engagement (likes, retweets, comments) suggests a responsive community and can be a sign of strong investor interest. * **Response to Criticism and Questions:** An active Twitter account should address community questions and concerns. The team's response to criticism can be a strong indicator of its professionalism and commitment to the project. * **Security and Authenticity:** If possible, ensure the account is verified or at least clearly linked to the official project website. Beware of fake or copycat accounts, which are common in crypto and can mislead investors. * **Alerts for Suspensions or Restrictions:** Even if an account is active now, past suspensions or restrictions could be red flags indicating issues with compliance, behavior, or security. Monitoring the account’s standing can help avoid risks associated with poorly managed or controversial projects. ### Total Number of Twitter Posts **What It Is:** The "Total Number of Twitter Posts" filter shows the total number of tweets made by the token's official Twitter (X) account. This metric provides insight into how actively the project engages with its audience on one of the most influential social media platforms in crypto. **Why It's Cool:** This filter helps you assess the project's team's activity level and communication. A higher number of posts typically indicates that the team is active, regularly updates followers, engages with the community, and is committed to maintaining a visible presence. This can boost confidence in the project and keep the community informed about developments, partnerships, and other important updates. {% hint style="info" %} The change of posts in intervals will be added in the future. {% endhint %} ## Telegram filters Telegram is a popular platform for cryptocurrency communities, where investors, developers, and enthusiasts gather to discuss projects, share updates, and build a following. ### Number of Telegram Members The "Number of Telegram Members" filter tracks the members in the official Telegram group for a specific token. The filter helps you evaluate the strength and vitality of a token’s community, which is a crucial factor in the long-term success of many cryptocurrency projects. **Why It's Cool:** This filter gives you direct insight into a token's community's size and potential influence. A larger Telegram group often indicates a strong, engaged community, which can be crucial for the token's success. Through coordinated actions or organic growth, community support can drive awareness, adoption, and even the token's price. **What to Pay Attention To:** * **Growth Rate:** Beyond just the number of members, consider how quickly the Telegram group grows. Rapid growth could signal increasing interest in the token, possibly due to upcoming news, a successful marketing campaign, or positive developments in the project. Use the [Change in Telegram Members](#change-in-telegram-members) filter to detect changes. The history data can be seen in the token detail view under the social category.

Example: Telegram members trend over time for a selected token.

* **Engagement vs. Size:** A large group isn't always a sign of a healthy community. Pay attention to the level of engagement within the group. Are members actively participating in discussions, or is the group filled with spam or inactive users? High engagement is often a better indicator of a strong community than sheer numbers. * **Authenticity of Members:** Be wary of artificially inflated member counts. Some projects might boost their numbers with fake or bot accounts to appear more popular than they are. Look for signs of genuine activity and avoid placing too much emphasis on numbers alone. Check for big spikes in number of members in a short time. * **Community Sentiment:** The tone and sentiment within the Telegram group can provide valuable insights into how the community feels about the project. Are the discussions positive, with members excited about the future? Or is there dissatisfaction or concern being voiced? Understanding the community’s mood can help you gauge the potential risks and rewards. We plan to add sentiment detection for groups in the future. ### Change in Telegram Members ## Shillers filters Our shillers data can be used even when searching for specific tokens. You can use the shillers filters as any other filter (and, of course, with them). If you want to learn more about shillers, check out our [shillers page](/features/caller-tracker-and-analysis). {% hint style="info" %} New shiller calls are added in real-time. {% endhint %} ### Total Number of Shillers The "Total Number of Shillers" filter tracks the number of people promoting a specific token on social media platforms like Telegram and Twitter. A "shiller" refers to someone who actively endorses or hypes up a token, often to their followers. This filter allows users to identify tokens that influencers are heavily promoting quickly. **Why It's Cool:** This filter is powerful because it helps you gauge the potential impact of social media hype on a token's price and market behavior. If multiple influencers are shilling a token, it can indicate growing interest and potentially lead to increased buying pressure. This can be especially useful for identifying early opportunities before the broader market catches on. **What to Pay Attention To:** * **Quality vs. Quantity:** While a higher number of shillers might indicate strong promotion, it's important to consider the quality of these shillers. Are they reputable influencers or merely accounts with little credibility? High-quality shillers can have a more significant impact on a token’s value. Check our [shillers dashboard](https://blokiments.com/shillers) to find out the rankings. Then, use the [Shilled By](#shilled-by) filter to select the desired shillers. * **Timing of Shilling:** Pay attention to when the shillings were happening. Was it during a token launch or later? The timing can affect whether the token is a good buy or might already be overhyped. The social section in the tokens detail view can help you with this. Use the [Number of Shillers in the Interval](#number-of-shillers-in-interval) filter to get the shills for a selected interval.

Example: Shillers detailed information for a selected token.

* **Potential for Pump and Dump:** Be cautious of tokens with a sudden surge in shillers, as this might indicate a pump-and-dump scheme where the token is artificially inflated in price before it’s sold off rapidly. Always combine this filter with other filters to ensure you're not just following a short-term trend. * **Market Context:** Consider the broader market conditions. Even if a token has many shillers, external factors like market downturns can affect its price regardless of the hype. When used wisely, this filter can be an excellent tool for spotting potentially lucrative tokens early on. However, it should always be used with other filters to make informed decisions.

Exmaple of usage in a combination with a liquidty filter.

### Number of Shillers in Interval The number of shillers for the token in the selected time range. ### Shilled By The name of the Telegram channel that shilled the token (If multiple filters are selected, the token must be shilled by at least one of the selected channels). ### Days Since Latest Shill The "Days Since Latest Shill" filter **tracks how many days have passed since the last time an influencer promoted (or "shilled") a token** on platforms like Telegram or Twitter. A "shill" refers to a public endorsement or promotion of a token, usually aimed at driving interest and increasing its market activity. **Why It's Cool:** This filter helps you understand the current level of attention a token receives from influencers. A recent shill might signal a surge in interest and upcoming price action. You can use this field as a sort value to receive the latest alerts for selected shillers. Here is an example of getting all the latest tokens shilled by selected shillers (the selected shillers are only an example) and minimum liquidity of $ 80,000$.
### First Time Shilled By The name of the influencer (Twitter account, Telegram Channel) that was the first one to shill the token. [^1]: The maximum times the filter can be used inside a query. # Our scores Our scoring system is designed to provide users with a comprehensive and efficient way to evaluate crypto tokens. **Key Benefits:** * **Simplified Token Analysis:** Our scoring system provides an easy-to-understand overview when analyzing a specific token, saving users time and effort. * **Effortless Discovery Hub Filtering**: The scores eliminate the need to apply multiple filters in specific categories, streamlining the token discovery process. Each token is evaluated across four primary categories: 1. **Security** 2. **Liquidity** 3. **Socials** 4. **Trading** This structure ensures users can take a more granular approach when searching for and comparing tokens. The scoring system uses a 1–5 scale, providing a clear and intuitive rating for each category: * **5**: Excellent * **4**: Good * **3**: Mediocre * **2**: Bad * **1**: Terrible This framework helps users quickly identify the strengths and weaknesses of a token across various key aspects. Our score evaluation process constantly improves to ensure accuracy, reliability, and alignment with the latest market trends and user needs. Feedback and new insights are regularly incorporated to enhance the scoring methodology. The following chapters describe the main metrics we use to calculate the score. {% hint style="warning" %} The score's calculation is not detailed to avoid giving scammers insight into the mechanisms they could exploit. If we provide too much detail about the specific checks or thresholds, malicious actors might manipulate their tokens to bypass the system and appear safer than they are. {% endhint %} If you have any questions or feedback about our scoring system, feel free to contact us on our Telegram channel: ## Security Score The Blokiments security score assesses the risk associated with investing in a particular token. It evaluates various security factors, such as the potential for scams, token contract behavior, and other warning signals provided by multiple security providers. Each token is analyzed using a set of checks, and the score dynamically adjusts based on the findings. **All detected scams are automatically removed from the filtering results in the Discovery Hub** (we are doing our best to remove as many scams as possible, but it is never possible to remove all, so doing your own research is always important before buying a token). **Key Factors Assessed:** * **Contract Verification** * **Honeypot Detection** * **Tax Structure** * **Ownership Renouncement** * **Token Deployer History:** The deployer’s history is assessed, including whether the deployer has created numerous tokens. * **Minting and Proxy Contracts** * **Deployer’s Scam History**: The system checks for historical scam reports linked to the deployer or associated addresses. If found, the token is marked with a severe warning. * **Creation Timestamp**: Newly created tokens are more prone to scams. * **External Scanners and Security Reviews**: The score integrates data from third-party security providers * **Our manual scam database** * **Detection of suspicious patterns in a token lifecycle** {% hint style="danger" %} The score reflects the available data and the checks performed during analysis, but it may not account for all potential risks, especially in rapidly changing or highly sophisticated scenarios. Scammers may also find new ways to bypass certain detection methods, and as a result, the security score might occasionally fail to identify every threat or flag token incorrectly. {% endhint %} The security score system uses a simple rating scale to help users quickly understand the risk level associated with a token. The scale ranges from **1 (Terrible)** to **5 (Excellent)**, providing a clear overview of the token's safety based on several risk factors. Here's a breakdown of each category: 1. **TERRIBLE (1)**: * Tokens in this category are highly risky and are often identified as scams or major threats. They may exhibit multiple red flags, such as unverified contracts, honeypot behavior, high trading taxes, or repeated scam activity. Users are strongly advised to avoid interacting with these tokens. 2. **BAD (2)**: * Tokens classified as "Bad" are highly suspicious, with several potential risk indicators. While not confirmed as outright scams, they display characteristics that raise serious concerns. Extreme caution is recommended. 3. **MEDIOCRE (3)**: * These tokens fall into a gray area where some risk factors are present but may not be immediately harmful. Users should be cautious but not necessarily avoid them outright. 4. **GOOD (4)**: * Tokens rated as "Good" show positive security signals. They are verified, exhibit no major red flags, and operate as expected. However, minor concerns, such as certain risky functions or relatively short trading history, may warrant attention. 5. **EXCELLENT (5)**: * These tokens are considered secure, with all checks returning favorable results. However, even with an excellent security score, checking other data like liquidity, trading activity, and socials is always important. ## Liquidity Score The **Liquidity Score** system is designed to evaluate the health and reliability of a token's liquidity on a blockchain. It quantifies risks associated with liquidity parameters, enabling traders and analysts to make informed decisions. The system integrates several data points, calculates a score, and provides a review summarizing key insights. **Key Factors Assessed:** The Liquidity Score system assesses the following critical factors to ensure robust evaluation: * **Token Age and New Token Risk** * **Total Liquidity** * **Liquidity Lock Providers** * Evaluates the reputation and reliability of liquidity lock providers, categorizing them as: * **Good Providers**: Enhance liquidity safety. * **Neutral Providers**: Neutral impact. * **Bad Providers**: Increase risk. * **Liquidity Lock and Burn**: * Examines whether at least X% of liquidity is locked or burned for a minimum of X days. * Review scenarios where liquidity is unlocked sooner or not locked at all. * **Liquidity Share Distribution**: * Assesses whether the deployer or related wallets hold more than X% of liquidity tokens, indicating centralization risks. * **Liquidity Burned Percentage**: * Measures the percentage of liquidity permanently removed from circulation to ensure immutability and trust. ## Social Score The **Social Score** system evaluates a crypto token's social presence and engagement. It integrates multiple social media, web, and community indicators to generate a comprehensive score that reflects the token's social visibility and reliability. The **Social Score** is generated using the following key criteria: 1. **Twitter** * Checks for the existence and status of the Twitter account. * Evaluates the number of followers and activity level (posts). * Considers verification status and other potential issues. 2. **Telegram** * Assesses the size and engagement of the Telegram community based on group membership. 3. **Webpage** * Verifies whether the token has an active and secure webpage. 4. **Token Details** * Checks for essential token information, such as a logo, description, and whitepaper availability. 5. **Discord** * Evaluates the presence of an active Discord link to gauge community engagement. 6. **GitHub or Bitbucket** * Review code repository links to determine transparency and development activity. 7. **Other Social Media** * Considers presence on platforms like Instagram, Medium, and Reddit. 8. **Listings** * Checks for the token's listing on major aggregators like CoinGecko and CoinMarketCap. 9. **Callers and Promotions** * Incorporates activity from social influencers or callers. 10. **Other external metrics** ## Trading Score The **Trading Score** system evaluates a token's trading behavior's health, reliability, and activity. **Key Factors Assessed** The Trading Score system evaluates the following critical parameters: 1. **Buyers Behavior**: * Rewards tokens with a higher number of active buyers. Penalizes tokens with a lack of trading participants. 2. **Seller Behavior**: * Identifies tokens with no sellers or a minimal number of sellers, flagging potential honeypots. 3. **Experienced Buyers and Smart Money Traders**: * Scores positively for tokens with experienced or smart money buyers, indicating confidence and interest from informed investors. 4. **Whale Wallet Distribution**: * Detects centralization by analyzing the percentage of tokens held by the largest wallets. * Penalizes tokens with high centralization. 5. **Trading Activity**: * Evaluates activity over time (e.g., last 7 days or 30 days). * Penalizes tokens with no trading activity, signaling low market interest. 6. **Volume and Market Cap**: * Scores higher for tokens with significant trading volume and market cap. * Flags potential manipulation when high trading volumes coincide with low trade counts. 7. **Holders Distribution**: * Rewards tokens with a higher number of holders, suggesting widespread adoption. 8. **Net Buyer and Volume Changes**: * Assesses recent trends in buyer participation and trading volume. 9. **Price change and price trend** ## Blokiments Score The Blokiments score filter allows you to filter pairs based on our in-house calculated score. The score aggregates a pair's security, liquidity, trading, and social scores. A score of 0 indicates a very bad pair and should not be bought. While a score of 100 is the best possible score. By only using this score, you can achieve great results in finding new gems. The score constantly improves under the hood to provide the best possible results. {% hint style="success" %} **Pro tip:** Try to filter pairs with the Blokiments score bigger than 70 and sort them by new buyers on the last day. {% endhint %}
FeaturesOptions
ValueInteger (0-100), ex. 75
Operators≥, ≤, =
Time rangesNone
Maximum usage2
Is sortableTrue
{% hint style="warning" %} The Blokiments score is automated and is not always completely accurate. A token with a high score may still have hidden malicious code. The score is not advice and should be considered along with other factors. Always do your research and consult multiple sources of information. Results are regenerated every few minutes. {% endhint %} [^1]: The maximum times the filter can be used inside a query. # Token Analyzer Dive deep into token security and key performance metrics. {% hint style="danger" %} ⚠️ **Disclaimer**\ The Token Analyzer does **not provide financial advice**. All results are generated automatically using data from our analysis engine and third-party sources, which may contain errors or inaccuracies. Please note that even projects with millions in market cap can turn out to be scams or rug pulls. Always conduct your own research (**DYOR**) before making any investment decisions. We do **not take any responsibility** for financial losses or decisions made based on this tool. If you notice any incorrect or missing data, please let us know. We’ll work to fix it as quickly as possible. {% endhint %} Blokiments Token Analyzer is a powerful tool that scans and aggregates token data in real time, providing clear, user-friendly warnings alongside a powerful dashboard for deeper inspection. **Try it here:** [**https://blokiments.com/**](https://blokiments.com/)
{% hint style="info" %} **Why Does Loading Take Longer?** Loading all data may take a few seconds, depending on token complexity, because we run every scan in real time with the most up-to-date information. In the fast-paced world of crypto, even data that’s just a few minutes old can give an outdated picture of a token. {% endhint %} ## Integrate the Analyzer into Your App, Website, or Bot We [**offer an API that gives you direct access**](/features/blokiments-api/token-analyzer-api) to token analyzer data for seamless integration into your platform, as well as a ready-to-use [**Telegram bot**](/features/token-analyzer-telegram-bot) you can add to your community channels. To get started or discuss integration options, reach out to us at or connect with us in our [Telegram group](mailto:undefined). ## **Why Is the Blokiments Token Analyzer One of the Best Tools for Reviewing Tokens?** The Blokiments Token Analyzer stands out by combining **real-time data**, advanced analytics, and user-friendly insights, giving you the clearest picture possible of any token. **Key Features:** * **Real-Time Data:** All metrics are fetched when you click the refresh button, ensuring you always see the latest information. * **Aggregated by Token:** Data from all pools is merged, giving you a complete and accurate overview. * **Advanced Security Checks:** Our in-house rugpull database, integrations with trusted external data providers, and pattern-based scam detection rules help spot potential risks. * **Clear Warnings:** Easy-to-understand, automatically generated alerts for faster decision-making. * **Off-Chain Metrics:** Insights from Twitter sentiment, Telegram activity, GitHub development, and even a project’s website scan. ## Is it free to use? **Yes.** Anyone with a Blokiments account can use the Token Analyzer for free. Most actions are free; credits are only used when you choose to create or refresh a token report. How it works: * **New token (never analyzed)**: **This costs 300 Blokiments credits.** * **Previously analyzed token:** You’ll see the most recent cached report (it may be hours or days old, depending on when it last ran). * **Want the latest numbers? Click Refresh to run a real-time analysis. This costs 300 Blokiments credits.** {% hint style="info" %} **Free monthly credits:** * Every registered user gets 1,000 free credits each month (early adopters receive more). * At 300 credits per refresh, that’s roughly 3 real-time reports per month for free. * Viewing cached reports is always free. If you need more frequent real-time refreshes or extra features, you can upgrade to a paid plan to get additional credits and capabilities. [More here](/blokiments-premium). {% endhint %} Credits keep usage fair and cover the real costs of running live analyses, while still letting everyone use the analyzer with no feature limits for browsing and checking cached results. ## Token Analyzer Usage **To start, go to the Blokiments home page:** [**https://blokiments.com/**](https://blokiments.com/) * **Choose the blockchain** you want to analyze the token on. * Enter the token contract address.
{% hint style="info" %} **Open from anywhere:** Click the Blokiments logo to jump to the token, or use the search bar to find it. {% endhint %} When you open a token in the Blokiments Token Analyzer, the report is generated in real time. This means you may need to wait a few seconds while each module loads. Results appear one by one, so you can already start reviewing insights while the rest of the analysis continues in the background. Here’s how to read and use the overview effectively: * Each module runs its own checks independently (liquidity, contract security, holders, deployer history, etc.). * **IMPORTANT! - Some of the most important warnings may show up later in the loading process. Wait for all of the modules to load and then check the header for warnings.** * A single WARNING may not be enough to dismiss a project, but if you see multiple Warnings or Critical reviews across different modules, that’s a strong indicator of danger.
* If the token was analyzed before, you’ll first see a cached report (free). * For the most up-to-date results, hit the Refresh button (costs 300 credits). This re-runs all modules with live data.
* Stay Critical and Do Your Own Research (DYOR) * The analyzer highlights risks and anomalies, but cannot guarantee accuracy. * Always combine results here with your own research before investing. ## Token Analyzer Modules The token analysis process is divided into several modules or categories that run an in-depth analysis. Each module loads separately, which prevents long page loading times. We have incorporated several detection rules into each module that search for common scam patterns and generate user-friendly warnings. {% hint style="info" %} New detection rules are continuously updated to reflect real trends. If you have an idea for a rule to add, please contact us (Telegram: ). {% endhint %} All reviews are classified into three categories:
LevelMeaning
INFOAn overview of certain token aspects that investors should consider. These do not indicate a direct scam risk but serve as a heads-up to help evaluate the token’s metrics more easily.
WARNINGThis category indicates risk behavior associated with the token. Caution is strongly advised before investing. If multiple warnings appear across different categories, extreme care should be taken.
CRITICALIndicates a serious risk of fraud. If critical warnings are present, you should avoid buying this token, as there is a strong likelihood of being scammed
### Overview module
This module provides a broad, high-level assessment of a token by combining background checks, trading activity signals, and ecosystem presence. The goal is to highlight potential red flags early and give investors a quick snapshot of overall project health. Background checks we perform: * **WARNING**/**CRITICAL**: **Manual security reviews** - Cross-checks against our internally curated database of scams, fraud alerts, and manually reported risks. * **WARNING:**** High trading activity with low social engagement** - Flags situations where on-chain activity looks inflated but the project lacks genuine community presence, a possible sign of wash trading or manipulation. * **INFO**/**WARNING**: **Recently launched token** - Very new tokens may carry additional risks (short track record, untested security), but in some cases, this can simply mean an early-stage opportunity. * **INFO:**** Presence on multiple networks** - Reviews whether the token is deployed across other blockchains, which can add utility or signal wider adoption. * **INFO:**** CEX listings and quality** - Evaluates where the token is listed and the reliability of those centralized exchanges. ### Security Checks Module
The Security Checks module analyzes different aspects of a token to identify potential scam patterns. It examines on-chain behavior, social intelligence, and early-trade forensics to detect higher-order risks that individual signals often miss. In the background, large amounts of data are aggregated and correlated to provide a clear, high-level overview of potential scam warnings. **Some of the key metrics include:** * 🔴 **Coordinated Sniping Activity**: This check looks for patterns where multiple connected wallets snipe large amounts of a token. For example, if 50 wallets funded from the same source collectively snipe 60% of the total supply, it is a major red flag. Based on historical data analysis, this behavior almost certainly indicates a high risk of a rug pull. * 🔴 **Abnormal Sniping Activity**: This check looks for unorganic sniping activity within the first few hundred trades. It identifies unnatural patterns that commonly indicate market manipulation. While less severe than the Coordinated Sniping Activity metric, it is still considered a red flag. * 🔴 **Current Snipers Supply:** This metric shows the current combined supply held by all sniper wallets (wallets that bought the token within the first three minutes after launch). A large share of the supply held by snipers usually indicates a high probability of a significant dump when the token reaches a higher market cap. Note that snipers can move tokens to new wallets, which this metric does not track. For more advanced behavior analysis and wallet movement patterns, use the [Activity Review module](#activity-review-module). * 🔴 **Current Early Traders Supply:** This metric shows the current combined supply held by the first few hundred traders. Some scammers do not acquire a large portion of the supply immediately after launch, instead waiting to avoid sniping detection. With this approach, we identify early entrants who accumulated tokens at very low prices, even if several hours have passed since launch. As with the previous metric, this does not track transfers to new wallets. * 🔴 **First Block Sniped Supply:** This metric shows the percentage of the total supply sniped in the first block. This is particularly useful for detecting certain scam patterns where the deployer snipes 50% or more of the supply in the very first block and then moves the tokens to new wallets. If a majority of the supply is sniped in the first block, it is a very strong indicator that the project is likely a scam. * 🔴 **Scam Telegram Groups:** We monitor many Telegram scam channels and track the tokens mentioned in them. These groups include pump channels and communities that routinely promote scam tokens. If a token is promoted in any of these channels, it will be flagged here. A promotion in such channels is a strong indicator that the token may be a scam. * 🔴 **Credible scam reports:** Mentions from vetted, reputable Twitter/X accounts identifying the token as a scam. A high number of such mentions strongly indicates that the token is likely a scam. * 🔴 **Promotions by Bad KOLs:** To help prevent future scams, we monitor a wide range of X accounts that have been repeatedly associated with suspicious activity. When these accounts begin promoting new tokens, we flag those tokens accordingly. By leveraging our internal scammer database, we can identify and tag newly promoted tokens at an early stage. If a token is being promoted by these accounts, it is likely a negative signal and should be treated with caution. * 🔴 **Twitter Sentiment**: We monitor the most common Twitter posts related to a token and check for low post volume and low post views. In addition, we track the number of posts that mention the token as a scam. Combining this data helps evaluate whether a token is being artificially promoted and provides insight into overall community sentiment. ### Holders module
The **Holders module** analyzes all token holders and their balances to determine who controls the supply, how concentrated ownership is, whether the distribution appears organic, and whether top wallets show signs of coordination. We tag special wallets (such as burn addresses, liquidity pools, lockers, token owner, and token creators' wallets) so that distribution metrics reflect real circulating holders rather than technical or infrastructure addresses. The module also analyzes funding patterns of the top wallets to detect suspicious behaviors commonly associated with scams or manipulated tokens. **Some of the key metrics include:** * 🔴 **Total holders**: The total number of unique wallet addresses that currently hold the token. This gives a quick view of how widely the token is distributed. A higher holder count generally suggests broader adoption and lower dependence on a small group of wallets. However, total holders alone can be misleading if many wallets hold only dust amounts, which is why the next metrics exist. * 🔴 **Total Holders with More Than $5:** The number of holders whose balance is worth more than $5. Filters out dust wallets and spam airdrops. Scam tokens often inflate holder counts by sending tiny amounts to thousands of wallets to look popular. * 🔴 **Small Wallets %**: The percentage of holders that own less than $5 worth of the token. A very high small-wallet percentage often signals mass dust airdrops, fake holder farming, marketing manipulation,... and is a common tactic used by scam tokens to inflate their holder count and appear more popular than they actually are. * 🔴 **Median Holder Rank**: The holder rank at which 50% of the circulating supply is reached. This is one of the strongest concentration indicators. It shows whether control is spread across many holders or dominated by a small cluster. This metric is harder to manipulate than simple holder counts. For example, a median holder rank of 12 means that just 12 wallets control 50% of the supply. * 🔴 **HHI (Herfindahl–Hirschman Index)**: A standard concentration index calculated from holder supply percentages. Higher values = more concentration. HHI is widely used in finance and antitrust analysis to measure market concentration. It gives a mathematically robust view of how uneven the distribution is. * 🔴 **Holders Top Distribution**: The Holders Top Distribution metrics show what percentage of the total circulating supply is controlled by the largest wallets across multiple tiers (Top 1, Top 10, Top 20, Top 50, Top 100, Top 200, and Top 500 holders), giving a layered view of how concentrated or decentralized the token ownership is. Instead of looking at only the single largest holder, this distribution curve helps reveal whether control is spread gradually across many participants or clustered among a small insider group. A healthy token typically shows low percentages in the top tiers and a smooth increase as you move toward larger holder groups, indicating broad participation and lower coordinated dump risk. In contrast, if the top few tiers already control a very large share of supply, it suggests whale dominance or team-controlled wallets, which increases volatility and manipulation risk. For example, if the Top 10 holders control 60% of supply, a small coordinated sell-off could crash the price, whereas if the Top 100 holders together control only 55%, selling pressure is more distributed and market behavior is usually more stable. * 🔴 **High Ratio of Small Holders:** This metric flags when most holders own less than $5 worth of the token, meaning the majority of wallets have only tiny balances while a small number of wallets control most of the supply. This pattern often indicates artificial distribution or dust airdrops rather than real adoption. It is risky because a few large holders can strongly influence price and liquidity while the holder count looks deceptively healthy. * 🔴 **Artificially Inflated Holders:** This detects patterns where identical or near-identical small token amounts are distributed to many wallets to make the holder count appear larger than it really is. Such behavior is commonly used to boost credibility on listing sites and dashboards. It is a negative signal because the growth in holders is manufactured, not driven by genuine buyers. * 🔴 **Suspicious Funding Patterns:** This checks whether many top holders were funded by the same wallet or within tight time windows, suggesting coordination between wallets. When multiple large holders share the same funding source or timing, they are often controlled by the same entity or group. This increases manipulation and dump risk because those wallets may act together. * 🔴 **High Amount of New Wallets:** This flags cases where many of the top holders’ wallets were created shortly before the token launch (for example, within 7 days). A cluster of newly created wallets among major holders often points to staged distribution or insider setup. It is risky because organic tokens usually have a mix of older and newer wallets, not a top list dominated by freshly created ones. * 🔴 **Airdrop to Known Addresses:** This detects when significant allocations were sent to well-known or tagged public wallets such as influencers or notable traders. While it can create visibility, it does not necessarily reflect genuine interest or investment. It is considered a warning sign because teams sometimes use these airdrops as marketing optics rather than building real holder demand. * 🔴 **Executed Hidden Mint:** This signals that a large amount of new tokens were minted after deployment and allocated to specific wallets. Hidden or unexpected minting expands supply beyond what buyers anticipated. This is dangerous because it enables sudden dilution and is a common mechanism used in rug pulls.
This section displays a **detailed table of the Top 60 token holders**, along with funding source analysis to help identify who controls the largest balances and where their wallets were funded from. For each top holder, the table shows the wallet address, share of supply, known tags (such as team, pool, locker, burn, or exchange), and, when available, the funding wallet, funding transaction, timestamp, and funded amount. By combining balance concentration with funding origin data, this view helps reveal clusters of wallets that may be connected, funded by the same source, or created in coordinated batches. This is important because when many top holders trace back to the same funder or time window, it can indicate insider control or staged distribution rather than independent buyers. ### Liquidity module This module checks the **basic on-chain liquidity** for a token on the selected network. It: * **Sums the liquidity across all detected pools** for the token. * Reviews the **initial liquidity** (who added it and how much). * Checks whether the liquidity is **locked** or **burned** (or still removable). * Looks at the **liquidity history** over time. **Background checks we perform:** * **WARNING**/**CRITICAL**: **Is total liquidity too low?** Low liquidity means it can be hard to buy or sell without moving the price a lot. In the worst case, you might not be able to sell at all when you want to exit. * **WARNING:**** Can the liquidity be removed?** We estimate the risk that liquidity could be removed (“pulled”), which would leave traders stuck. To do this, we look at things like: * Was the token launched on a launchpad that locks liquidity? * Is the liquidity locked or burned, or is it unlocked and easy to remove? * Are there enough pools with meaningful liquidity, or just one/small ones? * Are there centralized exchange (CEX) listings that provide extra liquidity? * How many liquidity providers are there (many vs. one big holder)? * **WARNING:**** Market cap vs. liquidity (L/MC ratio) -** If the market cap is very large compared to the available on-chain liquidity, and there’s little or no CEX depth, that’s a sign the price might be fragile or inflated. This can increase the chance of sharp drops or manipulative behavior. * **WARNING:**** Liquidity unlocking soon** - Some projects without major CEX listings may lock liquidity for a short period to appear like a safe investment. However, once the lock expires, they could pull a rug pull. Always check liquidity lock duration and unlock dates before investing. ### Smart Contract Audit Module
This module focuses on the security audit of a token’s smart contract and how it may impact investment decisions. It generates metrics and reviews using our in-house contract analysis engine, combined with data from external providers. The merged dataset is then evaluated alongside other project metrics to reduce false-positive scam alerts and provide more reliable risk assessments. {% hint style="warning" %} Blokiments does not validate nor assume responsibility for the accuracy of data obtained from these external auditors. {% endhint %} **Some of the key metrics include:** * 🔴 **Scam Audits**: This means the token or contract has been flagged by one or more scanners or audit-style checkers as a scam. This usually indicates that the code is likely malicious, and investing in such tokens can lead to a loss of funds. * 🔴**Is Mintable:** “Mintable” means the contract can create (mint) new tokens after launch. If the owner can mint tokens, they could inflate the supply and crash the price by dumping newly created tokens. Some legitimate projects can still use this feature, so it should always be evaluated together with other metrics. * 🔴 **Is Freezable**: “Freezable” means an admin/owner can stop transfers for certain wallets (or sometimes everyone). This can be used for legitimate security, but it can also be abused to prevent you from selling or moving your tokens. * 🔴 **Is Honeypot**: A honeypot token lets you buy, but makes it impossible (or extremely hard or expensive) to sell. If a token is tagged as a honeypot, avoid it. * 🔴 **Ownership Renounced**: This means the contract owner has given up special control privileges (usually by sending ownership to a null or burn address). It reduces the risk that the owner can change things later, but it does not automatically make the token safe if the contract was poorly designed from the start. In general, however, it is a good thing to have. Not applicable on Solana. * 🔴 **Contract Verified**: Verified means the public source code is published on a block explorer (like Etherscan or BscScan) and matches the on-chain bytecode. If it’s not verified, you’re trusting a “mystery code,” which makes hidden tricks much harder to detect. You always want the code to be verified - if it isn’t, it’s a major red flag. Not applicable on Solana. * 🔴 **Is Proxy**: A proxy contract is an upgradeable setup where the logic can be changed by pointing to new code. This can be normal for serious projects, but it also means the team might be able to change rules later (such as fees, transfers, or blacklist behavior). You need to check who controls upgrades, trust the team, and verify other metrics. Not applicable on Solana. * 🔴 **Has Blacklist**: A blacklist feature allows an admin to block specific addresses from transferring or trading. This can help stop malicious actors, but it can also be used to target holders and effectively lock their tokens. Not applicable on Solana. * 🔴 **External Functions:** External functions are callable entry points that other contracts or users can trigger. For legitimate projects where you can trust the team, this is not necessarily bad, but seeing it on a newly created memetoken is a big red flag. Not applicable on Solana. * 🔴 **Mutable Metadata:** Mutable metadata means that token or NFT details (such as name, symbol, token URI, image, or traits) can be changed after launch. This feature is only available on Solana. While it can be benign, it still adds additional risk. * 🔴 **Buy Tax:** Buy tax is a fee taken when you purchase a token, meaning you receive less than you paid for. It may be used to fund development or liquidity, but high or variable buy taxes can make it difficult to profit or even exit a position. Excessive transaction taxes (especially over 15%) can make trading impractical or act as a hidden trap. Not applicable on Solana. * 🔴 **Sell Tax**: Sell tax is a fee taken when you sell a token, reducing the amount you receive. An extremely high sell tax (or one that can be increased later) is a major red flag, as it can function like a soft honeypot. Not applicable on Solana. {% hint style="info" %} To make evaluating the metrics easier, we added SCAM, DANGER, RISKY, and GOOD tags next to each metric. These tags provide a quick visual indicator to help you instantly understand whether a security check has passed or requires caution. {% endhint %} ### Deployer Module
This module analyzes the behavior and background of the token deployer (creator wallet). Since deployers often launch multiple tokens, their track record can provide strong signals about legitimacy or risk. At Blokiments, we run multiple detection services to identify rug pull and scam creators. Using this data, we continuously build a scammer's database that helps us detect and tag future scams more effectively. **Some of the key metrics include:** * **Deployer Wallet Metadata**: Deployer wallet metadata, such as wallet tags, portfolio value, funding wallet, funding amount, and funding date, can help identify connections to other wallets and detect suspicious funding sources. Many scams are funded through offshore or less-regulated services, such as certain bridges, or CEXs, like Changelly. * 🔴 **Deployer Maliciousness Assessment**: We use external providers and an internally maintained, manually curated database of known scam deployers to tag suspicious wallets. The deployer wallet of the token under review is checked against these databases, and if a match is found, a warning is issued along with a detailed explanation of why the wallet was flagged. * 🔴 **Deployer Holdings:** If the deployer retains a large portion of the token supply, this increases the risk of sudden dumps. In general, the lower the deployer’s holdings, the better. It’s also important to note that malicious deployers often spread their supply across multiple wallets to hide their true holdings, which is why checking metrics from other modules is essential to properly assess dump risk. * 🔴 **Deployed Tokens**: This shows the number of tokens created by the deployer wallet. If a wallet has deployed many tokens, it usually indicates that the deployer is not focused on building a long-term project, but instead on repeatedly launching tokens to extract funds. * 🔴**Rugpulls by DEV:** This shows the number of classic rug pulls, where liquidity was removed from the pool, associated with tokens previously created by the deployer wallet. If this number is greater than zero, it indicates a high risk. * 🔴**Suspicious Mints**: Sometimes scam deployers mint tokens to multiple wallets after launch to hide the supply they later plan to sell. While minting can be a legitimate action for some projects, we detect suspicious minting patterns that are commonly used by scammers. If this number is greater than zero, there is a high likelihood of suspicious activity. ### Activity Review Module The **Activity Review** module performs an in-depth analysis of the top 40 holders of a token (excluding CEXes, pools,..). For each wallet, it examines swaps, funding sources, trading history, behavioral patterns, and transfers. It then calculates various metrics based on this data. This module is one of the most important components, providing valuable insights into potential opportunities and helping to identify whether a token may be a scam. {% hint style="warning" %} The module works best with tokens that have limited CEX exposure and are available exclusively on a specific chain. For such tokens, the analyzer delivers highly accurate results since all trading activity occurs on-chain. For larger or more established tokens with multiple CEX listings, the data should be interpreted with caution, as a significant portion of trading happens off-chain and cannot be detected by the analyzer. **In summary, this module is ideal for analyzing newer tokens and provides deep, valuable insights.** {% endhint %} {% hint style="info" %} We exclude CEX wallets, liquidity pools, lockers, and other similar addresses from the analysis, focusing only on genuine token holders. {% endhint %}
The **Module Review** provides a comprehensive overview of the top wallets, presented as follows: * **Top Holders Actions:** Understand what the top wallets are doing during the last 5% of the token’s lifecycle. We analyze their swaps to determine whether they are accumulating, selling, trading, or holding. This helps detect suspicious patterns, for example, if multiple wallets behave the same way, and provides insight into overall activity relative to wallet size. * **Top Holders Classifications:** We tag top wallets with one or more behavioral labels to give you an easy overview of their activity. These classifications can help identify potential scams or uncover early opportunities. * **Top Holders Statistics:** Displays key statistics such as the average entry market cap and average holding time for top wallets. This information helps you make smarter, data-driven trading decisions. * **Top Holders Profits:** Quickly see whether the top holders are in profit, at a loss, or primarily receiving tokens via transfers from other wallets. This insight helps you gauge the token’s current phase; for instance, if most wallets are already in profit, it might not be the best time to enter.
How to Use and Evaluate the Entry and Take Profits Statuses
You may come across two key metrics on the webpage: **Entry Status** and **Take Profits Status**. Before using them, it’s important to understand a few key points. These two metrics are fully calculated based on the **top N holders** of a token. We analyze all their **buy** and **sell** transactions to determine each holder’s **entry market cap**. Then, we track when these top holders start selling. Afterward, we calculate the average for all holders and normalize the results based on their holdings. Finally, the status is generated using a formula derived from this data. ⚠️ **Important:** These metrics are **not direct buy or sell signals**. They are tools meant to **support your analysis** and help you evaluate whether it might be a good moment to enter or take profits on a token in combination with other metrics. **Key Things to Check Before Using These Metrics:** * **Number of analyzed top holders:**\ Always make sure the number of top holders analyzed is **greater than 20**. If there are too few holders or too many wallets that only received tokens through transfers, the metrics may be unreliable. * **Source of holdings:**\ We cannot accurately calculate these metrics for tokens where all top holders received their tokens via manual transfers (for example, directly from the deployer).\ This is common in certain scams or large projects where most of the supply was distributed manually. * **Other metrics and warnings:**\ Always review **other indicators** and make sure there are **no important warnings** present.\ Sometimes, the metrics may show a “good” entry point simply because the price has dropped sharply and top holders are in loss, even if the token is inactive or abandoned. * **Token activity:**\ Verify that the token is **active**, **legitimate**, and has **social engagement** that supports potential growth. * **Status Meanings** * **GOOD:** If all other metrics look healthy, there are no red flags, and the token is active, a “GOOD” status may suggest that it could be a favorable entry point based on the behavior of top holders. * **BAD:** Indicates that top holders are in significant profit and entered very early, suggesting they may start selling soon. * **NEUTRAL:** No clear sentiment can be determined. The data does not strongly indicate either a buying or a selling opportunity. * **UNKNOWN:** There is not enough data available to calculate the status reliably. These statuses are **not buy/sell signals**, but rather **helper indicators** based on the behavior of top holders. Always combine them with other metrics, research, and warnings before making any trading decisions.
Wallet Classification Types * **High-Frequency Trading Wallet:** Wallets that perform thousands of swaps and handle large trading volumes across many tokens, often driven by bots or professional traders. * **New Wallet:** Wallets with no prior trading history or activity before interacting with the scanned token. * **Early Buyer Wallet:** Wallets that purchased the token within the first 60 minutes of launch. * **Dormant Wallet:** Wallets that were inactive for at least seven days before making their first buy of the scanned token. * **Fresh Wallet:** Wallets with fewer than 20 lifetime swaps, indicating limited trading experience or use. * **Sniper Wallet:** Wallets that buy within the first three minutes of launch, often using automation to secure early entries. * **Whale Wallet:** Wallets holding over $25,000 in native currency, indicating high-capital investors. * **Low Native Balance Wallet:** Wallets with less than $10 in native currency. * **Suspicious Wallet:** Wallets showing unnatural trading patterns; for example, very low prior activity followed by abnormally high trading volume on the scanned token, which doesn’t appear organic. * **Insider Wallet:** Wallets that show transaction patterns or connections to the token deployer, team members, or related addresses.
{% tabs %} {% tab title="Early Buyers" %} * **Are early buyers truly a significant risk factor?** This depends on several factors and needs to be correlated with other indicators. For example, if the token has no other warnings and around 25 early wallets among the top holders, additional context is needed. If the token is only a few hours old, a high number of early wallets is normal; the token is new, and naturally, most buyers are early participants. However, if the token is already a few days old, a large number of early wallets may be a red flag. In genuinely organic tokens, you typically won’t see many early buyers after several days, apart from a few legitimate early investors. But if most of the top holders are tagged as early wallets, it could indicate suspicious activity or suggest that significant sell pressure may occur soon. You should also correlate this with the average entry market cap and profit status of top wallets. If the average entry market cap is low, many wallets are in profit, and most of them are early buyers, then a strong sell-off is likely in the near future. {% endtab %} {% endtabs %} ### Callers module Surfaces social “calls” (promotions/shills) tied to the token across our tracked channels. The module helps you spot **early hype**, **coordinated pushes**, and which callers historically move markets. **Background checks we perform:** * **First & latest call:** Who called the token first and when, plus the most recent call time. * **Caller breadth:** Total calls and count of **unique callers** overall and in rolling windows (**1d / 7d / 30d**). * **Quality & impact:** For early calls, we track **caller score**, **current profit %**, **ATH profit %**, and **volume moved** after the call (when available). * **Coordinated campaigns:** Detects bursts of many calls from different accounts in a short window (likely paid or orchestrated promotion). ### Socials module Brings together signals from **Twitter, Telegram, Discord, GitHub**, and project **websites** to gauge real community traction vs. manufactured hype. **Background checks we perform:** * **Presence & basic hygiene:** Do official links exist (Twitter, Telegram, Discord, GitHub, Website)? Is the website reachable and non‑malicious? * **External platform sentiment:** The summary of the external data sentiment. * **Twitter/activity & quality:** Posting frequency, recency, follower/following, engagement (likes/retweets/replies/quotes/views), community page stats, account age, reused handles, and suspensions. * **GitHub signals (when applicable):** Organization activity, repos, followers, forks/issues/watchers as a proxy for open‑source development and interest. ### Smart money module Surface activity from wallets that historically trade well or influence markets: **whales**, **experienced traders**, and **KOLs (key opinion leaders)**. The goal is to quickly see whether knowledgeable capital accumulates or stays away. **Background checks we perform:** * **Whale trading history:** Time‑ordered buys/sells from whale wallets for this token. Used to spot accumulation, distribution, and pivots. * **Important buyer counts:** Unique **smart‑money**, **experienced**, **KOL**, and **whale** buyers derived from recent trading activity. * **Detected KOLs:** Tags/handles of KOL accounts linked to on‑chain wallets that interacted with the token.
Understand the whale wallets activity plot A classic scam plot:
### Suspicious Patterns module One way to avoid scams and manipulated tokens is to check for patterns in on-chain trading data. This is where the **Suspicious Patterns** module helps by detecting trading behaviors that often precede rug pulls or orchestrated market manipulation. We aggregate various on-chain metrics to identify patterns commonly seen in scam or non-organic tokens.
{% hint style="danger" %} If all metrics show no negative signals, that doesn’t mean the token is safe. It only means the scammer didn’t use any of the suspicious methods we track to manipulate the token. When a suspicious pattern is detected, however, we can be fairly certain that some form of manipulation, or at least unusual, non-organic behavior, is occurring. {% endhint %} **Some of the key metrics include:** * 🔴 **Scam Makers Ratio (good scam detection):** * In the background, we maintain a database of wallets that interact exclusively with known scam tokens. For any token being analyzed, this metric represents the percentage of trading wallets that also appear in our scammer database. * This metric works particularly well on EVM chains, where many honeypots are deployed, and it produces very few false positives. * If the percentage is above 5%, that’s a strong red flag. * If it exceeds 30%, avoid interacting with the token entirely. It’s most likely a honeypot, and you probably won’t be able to sell once you buy. * 🔴 **New Wallets Ratio, New Wallets Volume Ratio (good unorganic activity detection):** * These two metrics measure the proportion of wallets trading a token that are newly created. * Why is a high number of new wallets bad? * It often indicates the use of bots or artificially generated traders. Most organic traders have previously interacted with other tokens, so genuine trading activity usually involves established wallets. * Ideally, these two metrics should be as low as possible. If you see values above 50%, it likely means that most of the trading volume or transactions come from bots, and the token does not appear to be organic. * **Why Do We Need Volume and Wallet Ratios?** Projects use different methods to manipulate tokens. One common tactic is using a few new wallets to generate most of the token’s volume, artificially inflating trading activity. In such cases, the New Wallets Volume Ratio is crucial for detection. In other scenarios, scammers use many new wallets with smaller volumes to increase the number of unique trades and make the token appear more active or appealing. Here, the New Wallets Ratio becomes the key metric. In either case, if any of these two metrics show unusually high values, it’s a red flag. * Many projects, especially on chains like Solana or BSC, where transaction fees are low, use bots during launch to push their token into trending sections on analytics platforms. This doesn’t necessarily mean the token is an outright scam, but it often indicates non-organic trading activity. Ultimately, it’s up to each trader and their risk tolerance to decide how to interpret and act on this information. {% hint style="info" %} **What If the Project Uses Old Wallets?** Sometimes, projects use bots that have already interacted with many tokens. In such cases, the “new wallets” metrics may not detect suspicious activity. We are currently working on a module update to improve bot volume detection and introduce new metrics designed to identify emerging scams more effectively. This update will allow us to detect and categorize market maker activity, MEV bots, and volume bots, providing a complete breakdown of the token’s volume structure for a clearer and more accurate analysis. {% endhint %} * 🔴 **Buy/Sell Volume Breakdown Chart** * The chart displays the token’s buy and sell volume over equal time intervals. The interval length depends on the token’s age, and you can view the exact intervals by hovering your mouse over the chart. This visualization helps identify trends such as increasing or decreasing volume, as well as other suspicious trading behaviors. Check the practical examples below to better understand how to interpret and use the chart.
Examples of how to use the Buy/Sell Volume Breakdown Chart These pattern detection examples work best when the token is at least a day old, as clearer trends can be observed in the charts. * 🔴 **Example 1:** The token’s trading volume is steadily decreasing over time. While there are no suspicious patterns in this case, the chart indicates a declining level of interest in the token.
* 🟢 **Example 2:** We can see a significant increase, which may indicate growing interest in the token. This data should be analyzed alongside other metrics, but it still provides a good overview, suggesting that overall interest might be rising.
* 🔴 **Trade Size Distribution Chart** * This chart similarly breaks down the metrics into equal intervals and displays the number of trades by trade size within those intervals. It’s particularly useful for detecting unusual or bot-driven activity. For example, tokens that show thousands of micro-trades (under $2) often indicate the use of bots to artificially inflate transaction counts. The best way to learn how to interpret this chart is by reviewing a few practical examples.
How can the number-of-trades-by-size chart help detect scams? 🔴 **\[BAD] Example 1**: A pattern dominated by large trades is highly suspicious for organic tokens, where trade sizes are typically more naturally diversified.
🔴 **\[BAD] Example 2:** We can see that the number of small trades ($2–$100) and medium trades ($100–$1,000) is roughly the same. Also, there are a few spikes of over 1,000 micro-trades (below $2) during the first, sixth, and seventh intervals, which indicate highly non-organic behavior. These spikes were most likely caused by bots actively trading during those periods.
🟢 **\[GOOD] Example 3**: An example of a more organic token is one where the number of micro-trades is low, and most trades fall within the medium trade range, showing no unusual patterns in the trade distribution.
🔴 **\[BAD] Example 4:** In this case, we can see that on November 6th, the team likely ran a bot that generated over 2,000 micro and small trades. Looking at the overall chart, there is also a high number of small trades, which indicates poor and potentially manipulated trading activity.
* 🔴 **Review the Holders vs. Makers Ratio** * Another way to detect unusual patterns is by comparing the **total number of token holders** with the **number of unique makers** (active traders) in the last 24 hours. If the number of makers is higher than the number of holders, it likely indicates **bot activity**. This often happens when bots continuously buy and sell the token almost immediately, causing the maker count to rise while the number of holders remains unchanged. Some projects intentionally use this method to boost their visibility on analytics platforms such as **Dexscreener**. We issue a **warning** whenever we detect an anomaly in this ratio. * 🔴 **Review the Holders vs. Market Cap Ratio** * Another important ratio to review is the holders-to-market-cap ratio. In some cases, the number of holders is relatively low while the market capitalization is very high. This often indicates that the market cap has been artificially inflated, likely through tight supply control to make the project appear more valuable or appealing than it actually is. A **warning** is also generated when such anomalies are detected. # Security metrics A detail explenation of the token security meteics. ## Alerts ## Blokiments Security metrics Our platform evaluates and reports on various security metrics for crypto tokens. These metrics are designed to provide a clear and concise overview of the security status of a token. Below are the metrics we use for our reviews:

Examle for the Blokiments security metrics.

* **Contract Renounced:** Renouncing a smart contract means that the contract's creator will no longer have control over it, making it trustless and transparent. This gives investors a sense of security, knowing that their investment is secure and not subject to manipulation by the contract creator. One of the main benefits of renouncing smart contracts is increased security. **It is also important to note that there are scammers who will put code into contracts that allow them to perform certain actions even when the contract is renounced!** * **Buy Tax/Sell Tax:** Smart contracts can be programmed to impose an on-chain "tax" whenever tokens are bought or sold. A portion of the transaction is automatically transferred to a designated address, effectively taxing the buyer or seller. This mechanism is often used to discourage wash trading. However, if the tax rate is set too high, it can be exploited, turning the token into a honeypot where users are heavily penalized or even prevented from selling their tokens. Rates should be less than 10%. * **Verified**: It describes whether the token is famous and verified. * **Honeypot**: A honeypot is a scam used in the crypto industry to trap victims and steal their assets or sensitive information. A honeypot means that the token may not be sold because of the token contract's function or because it contains malicious code. **Never buy a token tag as a honeypot.** * **Open Source:** An open-sourced (verified) contract is one in which the developer has uploaded a human-readable “plain text” version of the contract code, which is automatically compared to the version the blockchain has to ensure it matches. This is important because sites like Etherscan display the text version so users can dig into a contract's code. The risk of a non-verified contract is that a user cannot verify what the contract actually does. This is a concern because you are fully (and blindly) trusting the developer. The general understanding is that if a contract is not verified, it is probably a scam, as there is no legitimate reason not to verify it. * **Is Deployer Scammer**: The token deployer is a known scammer. * **Rugpull**: If the token has been rug-pulled, all liquidity was removed by the main liquidity provider. * **Number of Deployer Tokens**: Number of tokens created by the token deployer. ## GoPlus security metrics {% hint style="warning" %} Blokiments does not validate nor assume responsibility for the accuracy of data obtained from these external auditors. {% endhint %} * **Mintable**: The ability to create new tokens beyond the initial supply. This feature allows for flexibility in funding development, rewarding the community, or responding to changing economic conditions. However, it can also introduce the risk of inflation, which may decrease the value of existing tokens if not managed carefully. Mint functions can trigger a massive sell-off, causing the coin price to plummet. * **Proxy Contract:** A proxy contract is an intermediary contract that delegates calls to another smart contract known as the 'implementation' contract. When you intend to interact with the underlying 'implementation' contract, you must do so through the proxy. Proxy contracts preserve the same contract address and interface while simplifying the maintenance and modification of the contract logic. While proxy contracts provide several advantages, most are accompanied by implementation contracts, which are modifiable and potentially contain significant risks. * **Whitelist**: A whitelist is where a team flags specific wallet addresses to allow that wallet to perform certain actions outside the contract's usual rules. The best positive examples of this are the whitelisting of the developer, marketing, and exchange wallets to be exempt from taxes. While the above are positive, there are also some ways a whitelist can be used negatively. An example of this would be the whitelisting of a bot to be exempt from taxes. Investors are now potentially trading with taxes, while the bot has no taxes. * **Blacklist**: A blacklist is the opposite of a whitelist. A blacklist prevents wallet addresses from performing specific actions. The action in question is typically the ability to buy or sell. The best positive example of this is blacklisting a bot that's causing disruptions in the token's chart. Blacklisting can also help prevent fraud, scams, and other illegal activity by tracking suspicious wallets and limiting their capabilities. One of the main detrimental ways it is leveraged is similar to honeypot scams. A team is capable of blacklisting anyone who buys, which makes it impossible to sell. Some people will call this a honeypot, but it is slightly different. # Token Analyzer Telegram Bot Telegram Interface for the Blokiments Token Analyzer. If you prefer using Telegram to analyze tokens, you can try our lite integration of the Blokiments Token Analyzer. This version uses a few key modules from the full web platform to provide faster insights while still delivering essential token metrics. For a comprehensive report with detailed analytics, please visit our web platform, where you can access the full range of data and features. {% hint style="danger" %} Note: Many coordinated or “bundled” scams cannot be reliably detected by the Telegram bot report alone. The full webpage report analyzes top holders with advanced pattern detection and metrics to uncover sophisticated fraud, which takes more time but yields stronger results. {% endhint %} **LAUNCH TELEGRAM BOT:** [**https://t.me/BlokimentsBot**](https://t.me/BlokimentsBot) ### How to Use the Bot 1. Open the [Telegram bot](https://t.me/BlokimentsBot) and run the `/start` command.
2. Select the chain you want to analyze the token on. 3. Send the bot a token address you want to analyze. 4. The bot will generate a lite review with some additional metrics. 5. Review the risk indicators, metrics, and warnings provided in the report. If you need more data, open the report on the webpage.
# Caller tracker & analysis Main information for our caller tracking system. **Shillers Dashboard ->** [**https://blokiments.com/shillers**](https://blokiments.com/shillers) {% hint style="danger" %} Thousands of tokens are shilled everywhere on Twitter and Telegram. **Don't make investment decisions based on influencers.** While some are good, there are **many bad actors. They secretly buy the project while its** price is low, hype it up, and sell it as soon as their audience buys in. They make a lot of profit while their followers are left holding the bags. {% endhint %} ## What is a caller? A caller (shiller, influencer, calling group) is a person or organization that advertises another coin or token inside the community (most often a Telegram channel or Twitter account). A shiller does this to steal the attention of community members and encourage them to shift to the cryptocurrency he/she is promoting. We currently support accounts on Telegram and Twitter (coming soon!). ## How to list your channel? If you want your channel to be listed, please follow these steps: 1. **Follow** our Twitter:[ ](https://twitter.com/blokiments) 2. **Write** us a DM on Twitter or Telegram. 3. We will check if the channel fits the minimal criteria for a listing. 4. The channel will be added to our system, and the result will be visible on the webpage. {% hint style="warning" %} If your channel has fake views, followers, or bad actions like deleting posts, please do not DM us. Don't waste our time by checking. {% endhint %} ## Filtering shillers

Shillers Dashboard

The shillers dashboard is available at: Here, you can filter the best shillers. We support the following filters (all the filters apply for the selected time range 1d, 7d, or 30d): * **Network:** Select the network on which the calls were made. By default, all networks are selected. * **Avg. HPAD Profit Percentage**: Average highest price after discovery profit percentage. This means the maximum profit you could make if you bought the token five minutes after the received message and sold at the highest price. This theoretical value is hard to achieve in reality for every trade. * **Average Current Profit Percentage: The average current profit percentage is the current profit if you bought the token five minutes after receiving the** message and sold it right now. * **Shillers Score:** Our internally computed score for each shiller is based on different criteria, including profit, number of good calls, volume, market cap, scams, and so on. The scoring system is constantly improved. * **Total first shills**: The total number of calls that the shiller first makes from all of the tracked shillers. * **x10 Gems**: Number of calls that make more than 10x of profit. * **Total shills**: The total number of calls. * **Total loser tokens**: How many shilled tokens did not make any profit at all. * **Total scams**: The total number of shilled tokens that were detected as scams (honeypots, rugpulls). You need to select one of the metrics for the sorting value. ## Shiller detailed view A detailed view of each shiller with all calls and statistics. Just click on a shiller to open a dashboard.

Shiller 1 day, 7 days and 30 days statistics.

You can also check the first-seen messages for a specific token with a profit report in the timeline of the call:

Historic calls timeline.

## Search tokens by shillers filters You can filter tokens by shiller engagement (number of shillers calling the token, filtering by specific shiller, change of calls in the interval). Learn about the options [here](/features/discovery-hub/filters-guide/social-filters#shillers-filters).

Demo filter configuration

## Blokiments weekly/monthly shillers ranking We announce each week/month the ranking of best shillers. The shiller ranking is computed in the following way: * We include only the tokens on networks we support (currently Ethereum, Base, BSC, Arbitrum) * Total shills > 10 for a monthly score or > 3 for a weekly one. * Total scams < 2 * x10 Gems > 2 on monthly and > 1 on weekly scale * Sort by best Blokiments Shiller score. # Finding well performing callers Docs coming soon. ## Use filtering dashboard
How is the Caller Score calculated? The score's main objective is to summarize the most important metrics for a caller in a single number between 0 and 100, making it easier to find good callers. Firstly, every call gets a specific score using the following metrics: * ATH profit (if ATH is 1000% for just a minute, and the tokens die a few minutes after the call, the score will be low, we are targeting for more long-term successful tokens) * Current profit (higher the better) * Volume change after the call compared to before the call * Market cap (making a good call with a bigger market cap is harder) * If there is very little time between a token creation (\~5 minutes) and the call, some points are removed (many callers are paid in advance for calling tokens at launch time, but group followers won't be able to make an entry like that) * Remove points if a called token is a scam or the liquidity is very low. Then we get all the calls for a caller in a selected interval and calculate the final caller score based on: * Average call score described in the previous step * Average ATH percentage * Average Current percentage * Last time the caller made a call * How many scams were called * Gem Bonus: how many 10X tokens were found * Good calls consistency * Number of first calls from all of the tracked callers
# Caller analyzer Docs coming soon. # Real-Time Alerting Docs coming soon. # Smart Money analysis Track and analyze wallets with our Smart Money Features. **Smart Money Discovery Hub** **->** [**https://blokiments.com/smartMoney**](https://blokiments.com/smartMoney) In crypto trading, "smart money" refers to experienced investors or institutions known for making profitable trades, getting into promising projects early, and whose moves often impact market trends. ## Smart Money Features Blokiments app provides a suite of tools that help you discover and analyze smart money wallets, while giving you a head start on identifying emerging tokens. * 📊 Easily [check the most traded tokens](#most-traded-tokens-by-smart-money-dashboard) by smart money wallets * 🐋 [Latest whale trades](#latest-whale-trades-dashboard) * ⚙️ [Filter wallets](/features/smart-money-analysis/find-smart-money-wallets) using comprehensive trading statistics derived from aggregated swap data. * 📛 Easily spot scam wallets by suspicious trading behavior * 💰 Leverage our [smart money filters](/features/discovery-hub/filters-guide/trading-filters#smart-money-filters-and-metrics) alongside over 60 additional criteria to create powerful, advanced trading strategies. * 🔔 Get real-time alerts for swaps, new deployed tokens, new pairs, liquidity events, and NFTs. * 🧠 [Check any wallet statistics](/features/smart-money-analysis/analyze-wallets-with-ease), traded tokens, deployed tokens, and holdings in a user-friendly interface. * 📤 Export wallet history data to CSV, JSON, or Excel with ease. * ⛓️‍💥 Multichain support. {% hint style="info" %} **We don't just provide a static list of addresses—instead, our platform offers versatile filters and metrics so you can build your criteria and spot wallets that align with your view of smart money.** {% endhint %} **Explore these guides to unlock real alpha and stay ahead of other traders:** {% content-ref url="/pages/rGxekwmR7VnvFeLlitdZ" %} [Find smart money wallets](/features/smart-money-analysis/find-smart-money-wallets) {% endcontent-ref %} {% content-ref url="/pages/dJfeC6tmY7gbkw3Rup4T" %} [Analyze wallets with ease](/features/smart-money-analysis/analyze-wallets-with-ease) {% endcontent-ref %} {% content-ref url="/pages/mjc16Zyp9tqaMcnyPpyb" %} [Track wallets in real-time](/features/smart-money-analysis/track-wallets-in-real-time) {% endcontent-ref %} ## How do we calculate smart money wallets? In some places in our app, we use smart money addresses that we calculate in real-time. These addresses are used for the [smart money filters](/features/discovery-hub/filters-guide/trading-filters#smart-money-filters-and-metrics) and the [most traded tokens by the smart money dashboard](#most-traded-tokens-by-smart-money-dashboard). Let's learn how we calculate them. We analyze blockchain data to determine which wallets belong to skilled traders who consistently make profitable trades. Our process involves aggregating decentralized exchange (DEX) swaps, applying filters, and tracking smart money in real time. Here’s an overview of how we do it: 1. **Step 1: Aggregating Wallet Data:** 1. We collect all swap transactions on decentralized exchanges and compile real-time statistics per wallet. This dataset provides a historical view of trading activity, profits, and overall wallet behavior. 2. Ste**p 2: Applying Smart Money Filters** 1. Not every active trader qualifies as smart money. We apply a rigorous filtering process based on criteria that help us distinguish skilled traders from casual participants. The main factors include: 1. **Profitability**: Wallets must have achieved a minimum absolute and relative profit over a defined period. 2. **Trading Volume:** Only wallets that have traded significantly over the past few months are considered. 3. **Number and Diversity of Trades:** A smart money wallet must have completed a minimum number of trades across various tokens. 4. **Hold Time Analysis:** Short-term speculative trades are excluded; we prioritize traders demonstrating strategic holding periods. 5. **Activity Threshold:** Wallets must have been active for several days to ensure we track relevant traders. 6. **Token Health:** A large portion of the tokens the wallet trades should remain healthy to filter out traders engaging in low-quality or scam tokens. 3. **Step 3: Calculating Smart Money Statistics on New Tokens in Real-Time** 1. For each token in our database, we track how many smart money wallets interact with it and calculate key statistics, including: 1. The number of smart money buyers and sellers 2. Changes in trading volume by these wallets 2. This enables users to apply smart money filters on the main dashboard, helping them quickly identify tokens gaining or losing traction among skilled traders. To refine our model further, we actively filter out wallets that exhibit irregular DEX trading patterns. This includes: * **Removing Inactive or Manipulated Wallets:** We identify and remove patterns suggesting wash trading, artificial volume inflation, or manipulation from our dataset. * **Filtering Out Airdrop Exploiters:** Some wallets receive tokens for free and immediately sell them, which does not reflect genuine trading skill. ## Most traded tokens by smart money dashboard [This dashboard](https://blokiments.com/smartMoney) highlights the most actively traded tokens by ["smart money" wallets](#how-do-we-calculate-smart-money-wallets). It aggregates data across all supported networks, allowing users to see trends in token purchases and sales easily. * Toggle between **Most Bought** and **Most Sold** tokens to see where smart money accumulates or exits positions. * Filter activity by time **intervals**: 1h, 4h, 12h, 1d, 7d, 30d. * View buyer/seller counts and buy/sell volumes for each token.

A screenshot of the dashboard.

{% hint style="info" %} For some lower time intervals, it is sometimes possible that there is no data, as no new smart money trades are executed. {% endhint %} **Tips for using the dashboard:** * A surge in "Most Bought" tokens over lower intervals may signal short-term opportunities, especially when the buy volume is high compared to sell volume. The green bar should be as big as possible and the buy volume high (over 20k in 12 hours). * Tokens appearing in "Most Sold" over 30d could indicate profit-taking or bearish sentiment. ## Latest whale trades dashboard This dashboard tracks high-value token accumulations (over 25,000$ ) to help users identify market-moving trends. Users can filter trades to focus on **buying** or **selling** activity, revealing whether whales are accumulating or exiting positions.

Buy example

For example, in the image above, we can see that the address `0x4b1b...384d` made the most recent buy swap 17 minutes ago. Over the past 76 hours, this wallet has accumulated $149.5k worth of Broccoli tokens without selling any. (Note: selling could still occur if the wallet transferred tokens to another wallet— at the moment, we don't track all wallet-to-wallet transfers.) Trades are sortable by **timestamp** to prioritize recent activity or by **volume** to spotlight the largest transactions. {% hint style="warning" %} The "buying" list only includes wallets that have *never sold* the token—addresses that sell are automatically excluded, ensuring the data reflects pure accumulation. This helps users spot tokens with strong, sustained whale interest. {% endhint %}

A screenshot of the dashboard.

By clicking on the wallet or token, you can continue the analysis. ## Frequently Asked Questions
Is there a way to have an alert system that notifies when multiple smart money wallets buy into a newly created coin? Sure! You can use our filtering system with real-time alerts. More coming soon.
What are the challenges in identifying smart money? People who are smart with money can easily stay hidden and undetected if they want to. They can change wallets after each trade or after a few trades. They can also buy a token with one wallet, transfer it to another, and then sell it for profit using that new wallet. So, if your algorithm only tracks smart money by swaps, you could potentially miss out on a group of wallets owned by one entity that together make smart money. A significant challenge in identifying genuine "smart money" wallets is filtering out those exhibiting impressive profit statistics but primarily trading scam tokens or tokens they've deployed themselves. Scammers often create fraudulent tokens to manipulate value, misleading investors and inflating their profit metrics.
# Find smart money wallets Empower your crypto strategy by effortlessly identifying "smart money" wallets with our intuitive filtering dashboard. Welcome to the [Smart Money Discovery Hub](https://blokiments.com/smartMoney)! In the dynamic world of blockchain and crypto investments, "smart money" means different things to different people. Our platform allows you to define it on your terms—tailoring insights to your unique strategy. Uncovering truly valuable wallets can be challenging amidst the vast sea of data, so we’ve designed our intuitive filtering system to simplify the search. With our dashboard, you can easily sift through the noise and pinpoint wallets aligning with your investment criteria, empowering you to make smarter, data-driven decisions. ## Smart Money Discovery Hub Navigation

Smart Money Discovery Hub

Here are the main parts: 1. [Most traded tokens by smart money info](/features/smart-money-analysis#most-traded-tokens-by-smart-money-dashboard) (data for all networks) 2. [Latest whale trades info](/features/smart-money-analysis#latest-whale-trades-dashboard) (data for all networks) 3. Select the blockchain network to which you'd like to apply the filters. 4. View all your active wallet alerts (login required). Learn how to set up alerts [here](/features/smart-money-analysis/track-wallets-in-real-time). 5. Choose between Base and Pro modes: 1. **Base mode**: This is the default view when the page loads. It comes with preconfigured filters to help you quickly discover promising wallets. Depending on the selected time range and network, only a few wallets may be displayed. 2. **Pro mode:** [Unlock full control with customizable filters](#wallets-filtering). Adjust and fine-tune your search criteria to find wallets that match your specific strategy and preferences. This feature is available to logged-in users only. 6. Select the time range for which the data is aggregated and displayed in the results table. 7. The results table displays tokens that match your filter criteria, sorted by the selected column. ## Wallets Filtering ### Step 1: Go to [Blokiments - Smart money](https://blokiments.com/smartMoney) Log in if you are not yet logged in. ### Step 2: Click on Pro Mode. This will open up a filter menu.

Choose the Pro mode.

Our filtering dashboard allows you to find smart money with some simple filters: * **Realized Profit (USD)** - The realized profit earned by the wallet in USD during the selected time range. Realized profit means that open trades will count as a loss until the wallet sells tokens. * **Volume (USD)** - The total sum of actual trades (sells and buys) in the selected interval for the specific maker address. * **Realized ROI \[%]** - The wallet's overall return on investment (ROI) within the selected time range. Realized profit means that open trades will count as a loss until the wallet sells tokens. * **Number of Trades** - The total number of trades the wallet executes in the selected time range. * **Number of Unique Tokens** - The total count of distinct tokens purchased by the wallet during the selected time range. * **Profitable Tokens Ratio \[%]** - The percentage of unique tokens the wallet profited on within the selected time range. {% hint style="info" %} For the upper filters, is it possible to use the following time intervals (7d, 30d, 90d, 190d, 360d) {% endhint %} * **Average Hold Time (minutes)** - The average duration, in minutes, between the first buy and first sell of a token. * **Days Since Last Active** - The number of days since the wallet last conducted a trade. {% hint style="warning" %} **Unhealthy tokens: Scams, just-created tokens, or tokens without enough trading activity and liquidity are considered unhealthy.** {% endhint %} * **Healthy Tokens Ratio \[%]** - The percentage of the address's total traded tokens over the past 360 days classified as healthy tokens. * **Healthy Tokens Count** - The total number of unique tokens actively traded by the selected address within the past 360 days that are considered healthy. * **Invalid Tokens** - The number of tokens in the last 360 days where the wallet sold tokens before purchasing them or sold more than it initially bought. This could suggest the wallet received tokens from other sources, such as direct transfers, mints, or airdrops.

Filters options.

{% hint style="warning" %} Two important reminders: Make sure to select the blockchain network, and don’t forget to sort the fields using the ascending or descending options. {% endhint %} ### Step 3: Set and apply the filters 1. Let's choose the BSC network first. 2. Apply the following filters: 1. **Realized ROI \[%] > 50%:** We want the wallet to achieve a total profit of at least 50% across all tokens traded in the last 30 days. 2. **The number of Unique Tokens > 10 in the last 90 days**: There should be some tokens. Otherwise, the statistics don't represent the success correctly (it's much easier to do 2x on three tokens than 20). The more tokens, the better. 3. **Profitable Tokens Ratio \[%] > 50 in the last 90 days**: At least half of the trades should be profitable. Otherwise, a wallet could profit greatly with just one trade (pure luck). 4. **Average Hold Time (minutes) > 100:** The hold time is longer than 100 minutes to avoid wallets that end with MEV bots and other sniper strategies. 5. **Last Active less than 10 days**: We want to include wallets that are still active (most smart users constantly change their wallets). 6. **Healthy Tokens Ratio \[%] more than 70%:** At least 70% of the traded tokens should be considered healthy. 7. **Invalid Tokens under 4**: We don't want to include airdropped and minted tokens. We allow a very small number of such trades. 3. Sort the data by the **realized profits (USD)** in the last 30 days.

The filter configuration.

{% hint style="info" %} You are expected to optimize and configure the filters according to the specific requirements and risk tolerance. {% endhint %} ### Step 4: Check the results When the filter was run, four wallets on BSC met our criteria. Wallet statistics are recalculated hourly on our backend. You can adjust the time range for the results using the control in the top right corner of the table.

Filtering result.

### Step 5: Check the wallet analyzer and set an alert Clicking on a wallet [opens the Token Analyzer](/features/smart-money-analysis/analyze-wallets-with-ease), where you can view detailed data including trades, deployed tokens, and current holdings. You can [set real-time alerts](/features/smart-money-analysis/track-wallets-in-real-time) for new swaps and deployed tokens associated with that wallet by clicking the small bell icon next to the address. ## Frequently Asked Questions
Why would you want to find consistent wallets? Because then you can copy and trade their wallet. Or at least see in which direction the narratives are going by following what tokens smart money buys. Use the profitable token ratio filter to achieve this. The higher the ratio, the more tokens are in profit. But pay attention to wallets with a 100% ratio and multiple tokens. They are probably scammers or insiders (depending on the type of tokens they trade—this is where the healthy token ratio comes into play). So, the healthy token ratio should be high.
# Analyze wallets with ease Effortlessly analyze wallets with our intuitive toolkit. {% hint style="warning" %} This feature requires a user to log in. Create an account [here](https://blokiments.com/register). {% endhint %} By clicking on the wallet or searching for it using the search bar, you can open the wallet analyzer ([random example](https://blokiments.com/smartMoney/detailedView?wallet=0x6a00a755d10cfd6722014dcdccdf920bec5437f0\&chain=base)) to view detailed information about that wallet. We are continuously improving the features offered by the analyzer. We aim to make it the go-to tool for accessing all relevant information and activity associated with a wallet.

Wallet analyzer

1. Select wallet **activity by network**—This feature is especially useful for EVM blockchains, where the same user can use the same address across multiple networks. 2. Easily copy the wallet address. 3. Open the wallet address in a blockchain explorer for deeper investigation. 4. Set up alerts for wallet activity — [Learn more here](/features/smart-money-analysis/track-wallets-in-real-time). 5. Download wallet data in various formats (coming soon). 6. View [summarized wallet statistics](#check-the-summarized-wallet-statistics) over a selected time interval. 7. Switch between different wallet aggregations. 1. [Wallet trading activity](#wallet-trading-activity) 2. [Wallet deployed tokens](#wallet-deployed-tokens) 3. [Wallet holdings](#check-wallet-holdings) 8. Analyze results based on the selected wallet aggregation data. ## Check the summarized wallet statistics {% hint style="info" %} All summarized statistics are based solely on **valid token trades**. A trade is considered **invalid** if a wallet sells tokens before purchasing or sells more than originally acquired. This indicates that the wallet received tokens from other sources, such as direct transfers, mints, or airdrops. Cross-wallet **transfers are not supported**, which means such scenarios are marked as invalid trades. This is a common pattern among large holders (whales), who often use separate wallets for buying and selling. To address this, we plan to introduce **cluster aggregation** in the future, which will allow us to group and analyze connected wallets for more accurate insights. {% endhint %}

Summarized wallet statistics

This section displays key **trading statistics** for the selected wallet over a specified time frame. The main metrics include: * **Realized Profits**: Profit is only considered *realized* when the asset is sold. Simply holding the asset does not count. * **Total Traded Volume**: The total value of all assets the wallet trades. * **Realized ROI**: The average return on investment, expressed as a percentage, based on realized profits. * **Number of Trades**: The total number of trades executed by the wallet. * **Unique Tokens Traded**: The number of distinct tokens traded. A wallet may have many trades but interact with only one or a few unique tokens. * **Profitability Ratio**: The percentage of unique tokens traded profitably within the selected period. A higher ratio generally indicates stronger performance. However, if a wallet has traded multiple tokens (e.g., 30) and has a 100% profitability ratio, it could suggest insider activity or potential manipulation, especially if the tokens involved are low-quality or illiquid. Always review the quality of the tokens to assess credibility. A 100% success rate with unhealthy tokens is often a red flag and may indicate scam behavior. * **Healthy Trades ratio:** To help identify wallets potentially linked to **scams or market manipulation**, we classify each token as either **healthy** or **unhealthy**. **Unhealthy tokens** include newly created tokens, scams, or tokens with low trading activity and poor liquidity. Wallets that trade only (or mostly) unhealthy tokens—especially when trading a large number of them—are often associated with suspicious or scam-like behavior. **We strongly advise against copy-trading such wallets.** * **Trades breakdown:** This chart displays the breakdown of **realized profits from valid trades**, grouped by token. In the example below, you can observe: * The wallet achieved **over 10x profit** with one token. * **One token** generated a profit between **2x and 10x**. * **Five tokens** returned a profit between **0x and 2x**. * **Eleven tokens** resulted in a **loss** (the wallet may still be holding these tokens).

Trades breakdown

{% hint style="info" %} No data may appear for certain shorter timeframes. This means the wallet was not active during that period. {% endhint %} ## Wallet trading activity
1. Click the `Trading` button to open the trading activity history. The number in parentheses indicates the number of traded tokens displayed. Currently, we support up to **40 of the most recent tokens** traded within the **last 360 days**. The data is aggregated by token, combining multiple trades across all supported pools, and is **sorted from the most recent to the oldest**. In the future, we plan to introduce **pagination** and expand the **history window** for deeper analysis. 2. The **(2) button** enables the option to display **unhealthy tokens**, which are highlighted in **red** for easier identification. 3. Example of an unhealthy token. Some tokens with very high profits are often scammers: ## Wallet deployed tokens The Deploy section displays the latest 100 tokens deployed by the wallet. If some data is missing, it means the token has not reached the minimum required liquidity or activity needed to be enriched with metadata. ## Download wallet data Coming soon. ## Check wallet holdings Coming soon.
# Track wallets in real-time Get instant alerts for all wallet activities. Never miss a transaction. The **Real-Time Wallet Tracking** feature lets users monitor blockchain wallets with live transactions and updates on newly deployed tokens. Whether tracking your wallet, monitoring a smart money trader, or staying informed about specific addresses, this feature provides instant insights with minimal delay. {% hint style="warning" %} This feature requires a user to log in. Create an account [here](https://blokiments.com/register). {% endhint %} ## Step 1: Find a wallet to track If you **already have a wallet address** you want to track, paste it into our [search bar](https://blokiments.com/discoveryHub) and open the wallet analyzer.

Searchbar on our main page.

Open the anlyzer by clicking on the wallet.

{% hint style="info" %} The search works for wallets on all supported networks. {% endhint %} If you **don't have a wallet address**, use our [wallet filtering dashboard](/features/smart-money-analysis/find-smart-money-wallets) to find smart money traders. ## Step 2: Create Wallet Alert Click the bell on the wallet analyzer page to track all new trades for a selected wallet.

Click on the bell.

A pop-up opens to set up the alert. Follow the steps described in the picture below.
Set up the following (the numbers on the picture represent the bullets below): 1. The address you selected to track (no action needed here). 2. **\[OPTIONAL] Wallet tag:** Assign a custom name to your wallet for easier identification and organization. 3. Select the event type you want to track: 1. Buy and sell events. By default, all buy and sell events are tracked. 2. New deployed tokens. By default it is off. 4. **Select Blockchain:** You can follow a wallet on multiple blockchains simultaneously (this is especially useful on the ERC chains where the same wallet address is used on multiple networks) 5. **Choose an alert destination**: Choose the destination for your alerts (Telegram, Discord, Webhook) from your preconfigured options. If this is your first time, you must create an alert destination by clicking: `Add New Destination`. [Follow the guide for the setup](/features/alerts). 6. When the alert destination is successfully created, you can click on: `Create`. ## Step 3: Wait for the first alert to come When the wallet performs a selected event type, you will get a notification on your configured destination:

Telegram message example

Feel free to repeat the process for multiple wallets. # Watchlists Organize your favourite tokens into categories. {% hint style="warning" %} T**his feature requires a user to log in. Create an account** [**here**](https://blokiments.com/register)**.** {% endhint %} The Watchlist feature empowers users to effortlessly organize tokens into customizable categories, ensuring seamless tracking of key metrics. Create multiple watchlists, add tokens of interest, and dive into a dashboard to monitor real-time prices, liquidity, volume, market cap, and more.

Watchlist Dashboard

Users can organize tokens into custom categories (e.g., DeFi, Memes, NFTs, Layer 1, Gaming). The number of categories and tokens allowed per category depends on the user's subscription plan. {% hint style="info" %} Currently, only tokens/pools can be watchlisted. In the future, we plan to add support for wallets and callers. {% endhint %} ## Adding tokens to watchlists Click the star icon to add tokens to your watchlists in the Discovery Hub or Token Analyzer. **How to Add a Token to Your Watchlist (or Multiple Watchlists):** 1. Hover over the token name or logo to reveal an expanded section with social links and a star icon. 2. **Click the star icon** for the token you want to add. 3. **Create categories**: Select existing categories or create new ones. 4. **Choose categories:** You can add the same token to multiple categories simultaneously. 1. **Make sure to select the tokens explicitly!** The orange checkmark indicates which categories the token is included in. 2. **Confirm your selection** by clicking anywhere outside the menu. 5. Tokens in your watchlist will display a **filled-in star** in the top-left corner of their logos.

How to add a token to the watchlist

Similarly, you can add a token to a watchlist in the Token Analyzer.
Now you can open your dashboard to check all the saved tokens:
## Watchlists Dashboard The[ **Watchlist Dashboard**](https://blokiments.com/watchlists) is your central hub for managing tracked tokens and analyzing their key metrics. Here’s what you can do: ✅ **View All Tracked Tokens** – See your saved tokens, their socials, price, price change, market cap, volume, liquidity, and Blokiments core in one place. ✅ **Organize by Categories** – Tokens are grouped into your custom watchlists (e.g., DeFi, NFTs, Gaming) for easy navigation. ✅ **Edit & Remove Tokens** * Remove individual tokens from a watchlist. * Delete entire watchlists if needed. * You can edit a watchlist category name by selecting a category and switching to the metadata tab. ✅ **Check Plan Limits** – See how many tokens and watchlists you can have based on your subscription tier.

Watchlists Dashboard

# Alerts Start using alerts to make sure you never miss a trading opportunity. Our app lets you stay informed in real time by sending alerts to your preferred communication channels. With support for multiple alert destinations—including **Telegram, Discord, and Webhooks**—you can ensure that important notifications reach you where they matter most. ## Why Use Alerts? Setting up alert destinations enables you to: * [**Track wallets**](/features/smart-money-analysis/track-wallets-in-real-time) for new trades, new deployed tokens, and other on-chain events in real-time. * Receive notifications for new [**calls from Telegram caller groups**](/features/caller-tracker-and-analysis). * Stay updated on newly **discovered tokens** [**identified by your strategies**](/features/strategies). ## Create an alert destination Before you can start receiving alerts, you need to create an **alert destination**. This destination can be reused across multiple alert types, such as wallet trackers, strategies, caller alerts, and more. You can create an alert destination either while setting up alerts on specific resources or directly from the [**Alert Destinations Dashboard**](https://blokiments.com/alerts). ## Supported Alert Destinations Coming soon! * Telegram * Option 1: Use Blokiments Alerts Bot * [Use the Blokiments Alerts Bot](/features/alerts/telegram-alerts#use-the-blokiments-alerts-bot) * [Use the Blokiments Alerts Bot in a group chat](/features/alerts/telegram-alerts#use-the-blokiments-alerts-bot-in-a-group-chat) * [Option 2: Use a personal bot](/features/alerts/telegram-alerts#use-a-personal-bot) * Discord * Webhooks ## Alerts destination dashboard Dashboard: # Telegram Alerts Learn how to set up and use Telegram to receive Blokiments alerts. There are three ways to receive alerts via Telegram: 1. [**Use the Blokiments Alerts Bot**](#use-the-blokiments-alerts-bot) *(recommended and easiest setup)* – Perfect for individual users who want quick and simple notifications. 2. [**Use the Blokiments Alerts Bot in a group chat**](#use-the-blokiments-alerts-bot-in-a-group-chat)—this is ideal for communities or teams where multiple users need to stay informed. 3. [**Use a personal bot**](#use-a-personal-bot) – Best for advanced or specific use cases where the default Blokiments Alerts Bot isn’t suitable. ## Use the Blokiments Alerts Bot Follow these steps: 1. **Start a conversation** with [**@blokiments\_notification\_bot**](https://t.me/blokiments_notification_bot) by sending any message—just say `/start` or anything you like. {% hint style="danger" %} **Important:** Telegram requires you to send a message to activate the bot. If you skip this step, the bot won’t work! {% endhint %} 2. **Retrieve Your Chat ID**: 1. You can get the Chat ID by contacting [@get\_myidbot](https://t.me/get_myidbot). Write `/start` , and the bot will send you the chat ID. Your user ID is the same as your chat ID. 2. Copy the `Current chat ID` number.
3. Now, enter the details in the Blokiments web app: 1. **Name**: Give your destination a name (e.g., *Blokiments Bot Personal*) 2. **Type**: Select **TELEGRAM** 3. **Chat ID**: Paste the Chat ID you received in the previous step 4. **Select Bot**: Choose **Blokiments Bot** (this is the default option)
4. Then click **Send Test** to make sure everything is working correctly. You should receive a confirmation message in your Telegram chat.

Example of the test message in the chat.

{% hint style="warning" %} If you don't receive a message, something was wrong in the previous steps. Check the steps again or write to us in the [community group](https://t.me/blokiments_public). We're here to assist you! {% endhint %} 5. Click `Create` if the test was successful. {% hint style="info" %} A specific user can create only one alert destination using a Blokiments Bot for a personal account. {% endhint %} ## Use the Blokiments Alerts Bot in a group chat Below is a step‐by‐step guide to adding the Blokiments Alerts Telegram bot to your group and setting it up to work with your group chat. {% hint style="info" %} For each group, you need to create a different alert destination. {% endhint %} **Step 1: Add the Bot to Your Telegram Group** * Open Your Telegram Group: Launch Telegram and open the group you want to use or create a new group. You should be the group's admin! * Invite the Bot: * Tap the group name (or group info icon) to access settings. * Select “Add Members” (or “Invite Members”). * In the search field, type [**@blokiments\_notification\_bot**](https://t.me/blokiments_notification_bot) and select it. * Confirm Addition: The bot is now a member of your group.
**Step 2: Retrieve Your Group’s Chat ID** * **Send a Test Message: Send a message from your account to the group. ****This step is essential for the bot to work!** * Add a helper bot like [**@myidbot**](https://t.me/get_myidbot) to the group and ask it for the ID. After adding the bot, a message should be sent to the chat.

The message from the @myidbot

* **Copy the Current chat ID**. You will need it in the next step. **Step 3: Configure the Bot on the Blokiments Webpage** In the new alert destination dialog, enter the **name of** the alert destination (it can be anything to help you recognize this destination if you have multiple of them). For the **destination type** select **Telegram**.

Set the name and the destination type.

Follow the following steps: * **Enter the Chat ID:** Copy the `Current chat ID` from the previous step into the Chat ID field. {% hint style="warning" %} The minus sign should be included! {% endhint %} * Select the **Blokiments Bot.** * Send a test message to confirm everything is set up correctly. You should receive the following message in the group:

A test message

{% hint style="danger" %} If you don't receive a message, something was wrong in the previous steps. Check the steps again or write to us in the [community group](https://t.me/blokiments_public). We're here to assist you! {% endhint %} * After the successful message click on Create.
Now the alerting in your group should be set up. The alert will be sent to your group when the condition is fulfilled. ## Use a personal bot ### Step 1: Create a Telegram Bot and Get the Bot API Token Firstly, you must create a bot and obtain the Bot API token. Follow these steps: 1. **Open Telegram** and search for [**@BotFather**](https://t.me/BotFather) (or click [here](https://t.me/BotFather)). 2. Start a conversation with **@BotFather** by clicking the **Start** button. 3. In the chat, type `/newbot` and press **Enter**. 4. **BotFather** will prompt you to: * **Choose a name** for your bot (e.g., "MyAlertBot123"). * **Choose a username** that ends with "bot" (e.g., "MyAlertBot123\_bot").
5. Once completed, **@BotFather** will create your bot and provide a **Bot API Token** (a long string that looks like this: `123456789:ABCDEF...`). This token is required to connect your bot to our webpage. 6. **Copy the Bot API Token** and paste it into our web page's Bot API token field. 7. **Start a conversation with your new bot (missing this step will prevent the bot from working).** 1. Search for your bot using its username (e.g., `@MyAlertBot123`) on Telegram or by clicking the link provided by **@BotFather**. 2. Open the chat and click the **Start** button. This step activates the bot and allows it to send messages. {% hint style="warning" %} We understand the importance of keeping your Bot API Token secure. Rest assured that we take all necessary measures to handle and store your Bot API Token with the highest level of security. Your token is used exclusively to facilitate communication between your Telegram bot and our system. However, to minimize any potential security risks, we recommend the following: * **Use this bot only for receiving Blokiments-related notifications, and avoid using it for sensitive or personal information.** * If you suspect any unauthorized use of your bot, immediately revoke the Bot API Token via **@BotFather** and generate a new one. {% endhint %} ### Step 2: Get the Chat ID The Chat ID is needed to send alerts or messages from the bot to a specific chat or group. Follow these steps to obtain it: * Open Telegram and search for[ **@get\_myidbot**](https://t.me/get_myidbot) (or click [here](https://t.me/get_myidbot)). * Start a conversation with [ **@**get\_myidbot](https://t.me/get_myidbot) by clicking the **Start** button. * The bot will reply with your **Chat ID**. It usually looks like a series of numbers, e.g., `12345678`. * **Copy the Chat ID** and paste it into the **Chat ID** field on your webpage.
### Step 3: Test the Bot Connection * After entering the **Bot API Token** and **Chat ID** on your webpage, click the **Send Test** button. * You should receive a test message in the chat or group linked to the Chat ID if everything is set up correctly.
You are ready to click the Next button. # Discord Alerts # Webhook Alerts # Search The fastest way to find a token, wallet, or a caller. The advanced search helps find tokens, wallets, or callers from one search interface. The search bar is always available at the top of the app.
## Search tokens Tokens can be searched by the token address, token name, token symbol, or the token's pool address (pair address). It searches over all supported networks simultaneously. The matches for the searched terms are sorted by liquidity. By clicking on a selected pair, the [detail view](/features/token-analyzer) will open. The following info is available for each pair: * Logo and general data * Current price and daily price change * Liquidity * Volume change on the last day * Total Market Cap * Pair creation time * Blokiments score

Search result example - tokens

Tokens detected as scams will be placed at the bottom of the list, with a red background to help you avoid them.

Detected scams with a red backgroud.

## Search callers groups You can search for callers by their name, Telegram handle, or Twitter (X) handle. Clicking on a caller opens the caller's statistics. General statistics about the calls are available for each caller.

Search result example - callers

## Search wallets Pasting a wallet inside a bar will search over the wallet on all supported networks. By clicking on the wallet, a detail view opens. The following info is available for each wallet: * Network * Profit * Volume * Unique traded tokens * Profitable ratio * Healthy ratio

Search result example - wallets

# Token Swapping ## Swap via the LI.FI integration We offer in-app swapping via the [LI.FI](https://li.fi/) integration. The swap fee is 1% (0.25% for LI.FI and 0.75% for Blokiments). {% hint style="info" %} We collect a 0.75% swap fee to support ongoing development and innovation. This helps us improve the platform, cover operational costs, and bring you the best products and features. We aim to enhance your experience with seamless, secure, and cutting-edge solutions. {% endhint %} When opening a token analyzer for a specific token, click the `Click to trade` button to activate the swapping extension.
When the sidebar opens, you can connect your wallet and perform the swap for the selected token. More information about the integration can be found [here](https://docs.li.fi/). # Blokiments API Our API can help you automate your investing strategy. {% hint style="success" %} **Do you already have a key? Check the API reference ->** [**https://api.blokiments.com/documentation**](https://api.blokiments.com/documentation) {% endhint %} ## Create a new API key To create a new API key, follow this simple steps: 1. Create a free account: or log into an existing account 2. Go to the [API Keys management dashboard](https://blokiments.com/account-api-key-management). 3. Add a new API key and select the key name. 4. Click on `Create new key` 5. Copy the key to your script. 6. Check the API [reference](https://api.blokiments.com/documentation). {% hint style="warning" %} The API is in beta, so there might be unpredictable changes to the endpoints. We will add more endpoints soon. If you have any requests, please contact us at . {% endhint %} **If more API requests are needed than provided by the free plan in the Blokiments app, a subscription can be made via the RapidAPI platform:** [**https://rapidapi.com/blokiments/api/blokiments-data-api**](https://rapidapi.com/blokiments/api/blokiments-data-api) ## Use cases and guides * [Token Analyzer Engine API](/features/blokiments-api/token-analyzer-api) * [Google Sheets Integration guide](/features/blokiments-api/google-sheets-integration) * [Get historical price data](/features/blokiments-api/get-historical-price-data) * Get all token data # Google Sheets Integration Blokiments API Google Sheets integration A Google Docs version of the guide is available [here](https://drive.google.com/drive/folders/1-jsO4AiswKF72NLKdCOu9bWbvLJxg5rY?usp=sharing). ## Introduction This document will show you how to automatically fetch and update your spreadsheet crypto data using Google Apps Script and [Blokiments API](https://blokiments.com). {% hint style="success" %} **Are more requests needed? A subscription can be made via the RapidAPI platform:** [**https://rapidapi.com/blokiments/api/blokiments-data-api**](https://rapidapi.com/blokiments/api/blokiments-data-api) {% endhint %} ## Step 1: Setting Up Google Sheets 1. Create a new [Google Spreadsheet](https://spreadsheets.google.com/) or use an existing one. 2. You **MUST SPECIFY** 2 columns: 1. A1 -> ADDRESS - (contract/pool address) This will determine which token/pool you want to analyze. It can be either a token address or a pool address. 2. B1 -> CHAIN - This will determine what chain to look for in your token/pool. 1. Available values: `solana`, `ethereum`, `bsc`, `arbitrum`, `base`, `tron`, `apechain` 3. Next, **ADD the TOKENS** you want to analyze. Example:

A Google Sheet example with five tokens.

4. Now, you need to select which metric you want to see. You do this by naming the columns from C onwards with specific names. 1. EXAMPLE - we want to see the TICKER name (C1), if the token is a SCAM (D1), Beta vs. BTC (E1), and Holders HII (F1) for our tokens
{% hint style="danger" %} **Remember! The column name must exactly match the available metric name. You can select as many as you wish.** {% endhint %}
Available metrics names * PAIR\_ADDRESS * TOKEN\_ADDRESS * TOKEN\_DECIMALS * TOKEN\_NAME * TICKER * PAIR\_CREATION * TOKEN\_CREATION * SCAM * LIQUIDITY\_USD * LOCKED\_LIQUIDITY * BURNED\_LIQUIDITY * TOTAL\_MARKET\_CAP * CIRCULATING\_MARKETCAP * BTC\_ALPHA * ETH\_ALPHA * SOL\_ALPHA * BTC\_BETA * ETH\_BETA * SOL\_BETA * RSI * MOVING\_AVG * PRICE\_CHANGE\_1H * PRICE\_CHANGE\_4H * PRICE\_CHANGE\_12H * PRICE\_CHANGE\_1D * PRICE\_CHANGE\_7D * PRICE\_CHANGE\_30D * HOLDERS * HOLDER\_CHANGE\_1D * HOLDER\_CHANGE\_7D * HOLDER\_CHANGE\_30D * HOLDERS\_TOP1\_SUM * HOLDERS\_TOP10\_SUM * HOLDERS\_TOP20\_SUM * HOLDERS\_TOP50\_SUM * HOLDERS\_TOP100\_SUM * HOLDERS\_TOP200\_SUM * HOLDERS\_HHI * HOLDERS\_MEDIAN\_RANK * DEPLOYER\_HOLDS * VOLUME\_CHANGE\_1H * VOLUME\_CHANGE\_1D * VOLUME\_CHANGE\_7D * DEX\_TRADES\_CHANGE\_1H * DEX\_TRADES\_CHANGE\_1D * DEX\_TRADES\_CHANGE\_7D * MOM10 * BB
For quick copy-paste (ADDRESS and CHAIN must still be the first two columns): ``` PAIR_ADDRESS TOKEN_ADDRESS TOKEN_DECIMALS TOKEN_NAME TICKER PAIR_CREATION TOKEN_CREATION SCAM LIQUIDITY_USD LOCKED_LIQUIDITY BURNED_LIQUIDITY TOTAL_MARKET_CAP CIRCULATING_MARKETCAP BTC_ALPHA ETH_ALPHA SOL_ALPHA BTC_BETA ETH_BETA SOL_BETA RSI MOVING_AVG PRICE_CHANGE_1H PRICE_CHANGE_4H PRICE_CHANGE_12H PRICE_CHANGE_1D PRICE_CHANGE_7D PRICE_CHANGE_30D HOLDERS HOLDER_CHANGE_1D HOLDER_CHANGE_7D HOLDER_CHANGE_30D HOLDERS_TOP1_SUM HOLDERS_TOP10_SUM HOLDERS_TOP20_SUM HOLDERS_TOP50_SUM HOLDERS_TOP100_SUM HOLDERS_TOP200_SUM HOLDERS_HHI HOLDERS_MEDIAN_RANK DEPLOYER_HOLDS VOLUME_CHANGE_1H VOLUME_CHANGE_1D VOLUME_CHANGE_7D DEX_TRADES_CHANGE_1H DEX_TRADES_CHANGE_1D DEX_TRADES_CHANGE_7D MOM10 BB ``` 5. For the script to run, you also need an **API Key**. There are two options to get it: 1. Via the Blokiments page for a free trial (lower API limits) 2. A Pro version via the RapidAPI dashboard (more on that later) ## Step 2: Obtaining an API Key ### Option 1: Registration on Blokiments (free) A free option gives you 100 monthly requests to test the API's performance. 1. Register on Blokiments. Go to Blokiments - [REFERRAL LINK](https://blokiments.com/register?refCode=api_documentation) 1. Use the referral link to obtain great deals and exclusive features in the future 2. [NOT referral link](https://blokiments.com/) 2. If you don't have an account, click **Register** in the upper right corner to create one.
3. Log in with your credentials and navigate to **API Keys** in the hamburger menu on the top left:
3. Click on the orange button with a `+` on it to start creating a new API key. And then name it as you wish. The key name is only for you to separate if you have multiple keys. Once you name it, click the orange button `Create new key.`
You can now copy and save the new API key. If you lose the saved key at any time, you can revisit the “API key” section of the Blokiments web app and copy the key again. ### Option 2: Registration on RapidAPI (PRO verison) {% hint style="info" %} You can skip this step for now. Return here when more API calls are needed. {% endhint %} If **more API requests are needed than provided by the free plan in the Blokiments app**, a subscription can be made via the RapidAPI platform: 1. The UI is pretty straightforward. After logging in, on the link above, you can select the plan:

Select a plan that suits you.

2. Please input your billing information, and don’t forget to like and rate our API. 3. [Change your API key and USE\_PRO\_API Pro API (Rapidapi key)](#pro-api-rapidapi-key). ## Step 3: Scripting with Google Apps Script 1. Return to the Google Spreadsheet we set up in the first section of this tutorial. 2. On the top of the spreadsheet, click on **Extensions > Apps Script.**
3. Please select the following script and copy it. Then, paste the script into the App Scripts grey window we opened before. ```javascript const API_KEY = "API_KEY" const USE_PRO_API = false // _______ ______ .__ __. __.___________. .___________. ______ __ __ ______ __ __ // | \ / __ \ | \ | | (_ ) | | | / __ \ | | | | / || | | | // | .--. | | | | | \| | |/`---| |----` `---| |----`| | | | | | | | | ,----'| |__| | // | | | | | | | | . ` | | | | | | | | | | | | | | | | __ | // | '--' | `--' | | |\ | | | | | | `--' | | `--' | | `----.| | | | // |_______/ \______/ |__| \__| |__| |__| \______/ \______/ \______||__| |__| // // .______ _______ __ ______ ____ __ ____ // | _ \ | ____|| | / __ \ \ \ / \ / / // | |_) | | |__ | | | | | | \ \/ \/ / // | _ < | __| | | | | | | \ / // | |_) | | |____ | `----.| `--' | \ /\ / // |______/ |_______||_______| \______/ \__/ \__/ // Script for automated data fetching using Blokiments API // Version: 2.1.0 const CONFIG = { API_KEY: API_KEY, BASE_URL: USE_PRO_API ? "https://blokiments-data-api.p.rapidapi.com/api/v1/metrics/general" : "https://api.blokiments.com/api/v1/metrics/general", BATCH_SIZE: 10, DELAY_BETWEEN_BATCHES_MS: 500, NULL_VALUES_OVERWRITE_CELL: true, SPREADSHEET: { USE_NAME: false, NAME: "DeFiGodMode_Sheet123", ADDRESS_COL: 1, // Column A CHAIN_COL: 2, // Column B START_ROW: 2 } }; function main() { const ss = CONFIG.SPREADSHEET.USE_NAME ? SpreadsheetApp.getActive().getSheetByName(CONFIG.SPREADSHEET.NAME) : SpreadsheetApp.getActiveSheet(); if (!ss) { SpreadsheetApp.getUi().alert("Error: Sheet not found!"); return; } const [headers, addresses, chains] = getSheetData(ss); const requests = buildRequests(addresses, chains); processRequestsInBatches(ss, requests, headers); } function getSheetData(sheet) { const startRow = CONFIG.SPREADSHEET.START_ROW; const addressCol = CONFIG.SPREADSHEET.ADDRESS_COL; const chainCol = CONFIG.SPREADSHEET.CHAIN_COL; // Get all data in columns A and B from START_ROW downwards const lastRow = sheet.getLastRow(); const addresses = sheet.getRange(startRow, addressCol, lastRow - startRow + 1, 1).getValues(); const chains = sheet.getRange(startRow, chainCol, lastRow - startRow + 1, 1).getValues(); const validRows = []; for (let i = 0; i < addresses.length; i++) { const address = addresses[i][0]?.trim(); const chain = chains[i][0]?.trim(); // Stop at the first empty row in either column A or B if (!address || !chain) break; validRows.push({ address: address, chain: chain, rowNumber: startRow + i }); } const headers = []; let col = 1; while (true) { const header = sheet.getRange(1, col).getValue(); if (!header) break; // Stop at first empty header cell headers.push(header); col++; } return [headers, validRows]; } function buildRequests(validRows) { return validRows.map(({ address, chain, rowNumber }) => { let headers = { 'Accept': 'application/json', 'X-API-Key': CONFIG.API_KEY }; if (USE_PRO_API) { headers = { 'x-rapidapi-host': 'blokiments-data-api.p.rapidapi.com', 'x-rapidapi-key': CONFIG.API_KEY }; } return { url: `${CONFIG.BASE_URL}?network=${encodeURIComponent(chain)}&address=${encodeURIComponent(address)}`, headers: headers, method: 'GET', muteHttpExceptions: true, rowNumber: rowNumber // Store the actual row number }; }); } function processRequestsInBatches(sheet, requests, headers) { const totalRequests = requests.length; for (let i = 0; i < totalRequests; i += CONFIG.BATCH_SIZE) { const batch = requests.slice(i, i + CONFIG.BATCH_SIZE); const responses = UrlFetchApp.fetchAll(batch); Logger.log("Batch done!") updateProgress(i + batch.length, totalRequests); processResponses(sheet, headers, batch, responses); Utilities.sleep(CONFIG.DELAY_BETWEEN_BATCHES_MS); } } function processResponses(sheet, headers, batch, responses) { responses.forEach((response, index) => { const request = batch[index]; const rowNumber = request.rowNumber; // Use the stored row number try { if (response.getResponseCode() !== 200) { handleError(response, request, rowNumber); return; } const data = parseResponse(JSON.parse(response.getContentText())); updateRow(sheet, headers, data, rowNumber); } catch (e) { Logger.log(`Error processing row ${rowNumber}: ${e}`); } }); } function toPercentage(value) { return value !== null ? `${(value * 100).toFixed(2)}%` : null; } function parseResponse(responseData) { if (responseData.detail) throw new Error(responseData.detail); console.log("response data", responseData) return { NETWORK: responseData.network, PAIR_ADDRESS: responseData.pair_address, TOKEN_ADDRESS: responseData.token_address, TOKEN_DECIMALS: responseData.token_decimals, TOKEN_NAME: responseData.token_name, TICKER: responseData.token_symbol, PAIR_CREATION: responseData.pair_creation_datetime, TOKEN_CREATION: responseData.token_creation_datetime, SCAM: responseData.is_scam, LIQUIDITY_USD: responseData.current_liquidity_usd, LOCKED_LIQUIDITY: toPercentage(responseData.current_locked_liquidity_pct), BURNED_LIQUIDITY: toPercentage(responseData.current_burned_liquidity_pct), TOTAL_MARKET_CAP: responseData.current_total_marketcap, CIRCULATING_MARKETCAP: responseData.current_circulating_marketcap, BTC_ALPHA: responseData.current_alpha_vs_bitcoin, ETH_ALPHA: responseData.current_alpha_vs_eth, SOL_ALPHA: responseData.current_alpha_vs_sol, BTC_BETA: responseData.current_beta_vs_bitcoin, ETH_BETA: responseData.current_beta_vs_eth, SOL_BETA: responseData.current_beta_vs_sol, HOLDERS_HHI: responseData.holders_hhi_market_concentration, HOLDERS_MEDIAN_RANK: responseData.holders_median_holder_rank, DEPLOYER_HOLDS: toPercentage(responseData.holders_pct_hold_by_deployer), RSI: responseData.current_rsi, MOVING_AVG: responseData.current_moving_average, ...Object.fromEntries( ['1h', '4h', '12h', '1d', '7d', '30d'].map(period => [ `PRICE_CHANGE_${period.toUpperCase()}`, responseData[`price_change_${period}`]?.toFixed(2) + "%" ]) ), HOLDERS: responseData.total_holders, ...generateHolderChanges(responseData), ...generateTopHolders(responseData), VOLUME_CHANGE_1H: responseData.volume_change_1h, VOLUME_CHANGE_1D: responseData.volume_change_1d, VOLUME_CHANGE_7D: responseData.volume_change_7d, DEX_TRADES_CHANGE_1H: responseData.dex_trades_change_1h, DEX_TRADES_CHANGE_1D: responseData.dex_trades_change_1d, DEX_TRADES_CHANGE_7D: responseData.dex_trades_change_7d, MOM10: responseData.current_mom_10, BB: responseData.current_bollinger_band_pct }; } function updateRow(sheet, headers, data, rowNumber) { const columnIndices = {}; headers.forEach((header, index) => { columnIndices[header] = index + 1; // +1 because spreadsheet columns are 1-based }); const rowData = []; headers.forEach(header => { if (['ADDRESS', 'CHAIN'].includes(header)) return; const value = data[header] ?? ''; rowData[columnIndices[header] - 3] = // -3 because we start writing at column C (3) CONFIG.NULL_VALUES_OVERWRITE_CELL ? value : (value || null); }); // Fill empty spots with null to prevent shifting for (let i = 0; i < rowData.length; i++) { if (rowData[i] === undefined) rowData[i] = null; } if (rowData.length > 0) { sheet.getRange(rowNumber, 3, 1, headers.length - 2) // -2 to exclude ADDRESS/CHAIN .setValues([rowData]) .setNumberFormat("@"); } } function handleError(response, request, rowNumber) { const error = `${response.getResponseCode()} ${response.getContentText().slice(0, 100)}`; Logger.log(`Error in row ${rowNumber}: ${error}`); SpreadsheetApp.getActiveSpreadsheet().toast( `Error row ${rowNumber} (${request.url})`, "API Error", 10 ); } function updateProgress(current, total) { const percentage = ((current / total) * 100).toFixed(1); SpreadsheetApp.getActiveSpreadsheet().toast( `${current}/${total} (${percentage}%)`, "Progress", 5 ); } function generateHolderChanges(responseData) { return Object.fromEntries( ['1d', '7d', '30d'].map(period => [ `HOLDER_CHANGE_${period.toUpperCase()}`, responseData[`holders_change_${period}`] ]) ); } function generateTopHolders(responseData) { return Object.fromEntries( [1, 10, 20, 50, 100, 200].map(n => [ `HOLDERS_TOP${n}_SUM`, toPercentage(responseData[`holders_top${n}_sum`]) ]) ); } ``` {% hint style="info" %} **Script Overview** The script will: * Fetch Blokiments data for each address and network combination listed in the spreadsheet’s columns A and B using the [Blokiments API](https://api.blokiments.com/documentation#tag/Metrics) * Parse the [JSON](https://fr.wikipedia.org/wiki/JavaScript_Object_Notation) response from the response and extract the data * Write the data to your active spreadsheet {% endhint %} 4. Now, we have a **very important step**: scroll to the top of the script in the App Scripts. Now, you need to replace the “**API\_KEY**” in the first line of the script with the API key you created in the previous section (Obtaining an API key). Go to Blokiments and copy the key now. So, now, this part of the script:
It should look something like this:
{% hint style="warning" %} **Three things to consider:** * Each user will have a different API key; the key shown in this picture is just for tutorial purposes; your key will be different. * You must NOT remove quote characters ( ![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXflaUO9yw5PB3R6WlYaIRZrS1sUZPECOvGxYz0usn37FeFPo_bw_-M3A1q9r-bUQAipnBdTTbUEy3OhsucUDWmLJ1CiXrx-qi6_RH-0HNNFefgkFhGkRyZOa4AExOW9NtgMa65m?key=gZxaZKI6bgp6QrA6ExKwLl9u)![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXe1BjjCRnwtXtwUVqHjUWmcChv7yJpjtNcoD_xxOnhLCjqzRKQ0OFOaO5lh0zhcd_lyPIgIsT0kxDVmTQtxCefNbCIKdaaYAIBfadwpnLorDwTh6SRQUcV6UPqdXGhPzTYWZAWozA?key=gZxaZKI6bgp6QrA6ExKwLl9u)) surrounding your API key. * [Check the following section](#pro-api-rapidapi-key) if you are using a Pro version from Rapid API. {% endhint %} Now, the script in the App Scripts should look something like this:
5. Save the script by clicking on the `Save` icon at the top of the window:
6. Now, we want to run the script. In the same tab where you have clicked “Save Button,” click the dropdown menu to ensure the method “**main**” is selected. Then, **Run** the script to populate the Google Spreadsheet we created earlier.
7. The first time you run the script, you need to review permissions since this is an unverified script you just created:
8. Click on **advanced options** and then click go to **Untitled project (unsafe)**
9. Accept all conditions that will appear and click **Allow** in the pop-up window. After the script was run, if there was no error, you should get a similar output:
10. In the lower right corner of the sheet, there will be occasional updates on the progress.
11. The data can now be found in your spreadsheet.
If you want to change addresses and chains, add more metrics to track, or refresh the data, go to the spreadsheet we created, make the desired changes, and ensure it is saved (usually autosaves). \ Go again to **extensions > App Script**; the script should already be there, and click on **Run**. {% hint style="success" %} **NOW YOU ARE DONE.** You can check the rest of this tutorial to get more information. {% endhint %} ## Advanced settings ### Using ActiveSheet vs. Sheet Name By default, the script will use an **active sheet**. The active sheet in a spreadsheet is the sheet displayed in the spreadsheet UI. If you want to specify what sheet the script should use **by name**: 1. Go into the code 2. Change `USE_NAME` in the 28th line to true (replace `false` with `true` ) 3. Change `NAME` in the 29th line to the name of your sheet.

Original settings

New settings

### Empty values don’t overwrite cell values By default, if the API returns an empty value (missing data or data that can't be computed), it will always overwrite your cell. This is designed to ensure that you always have the most up-to-date data. But, if you wish for empty values to skip cells (e.g., you have a formula that doesn't support empty values), you can: * Change `NULL_VALUES_OVERWRITE_CELL` in the 26th line to `false`.

Old values.

New values.

### Pro API (RapidAPI key) If more API requests are needed than provided by the free plan in the Blokiments app, a subscription can be made via the RapidAPI platform: Change the `API_KEY` in the first line of the script to the new key provided by the RapidAPI, change the `USE_PRO_API` to `true` in the second line.

New settings.

## Metrics descriptions {% hint style="info" %} Full API docs -> {% endhint %} ### TOKEN\_ADDRESS, PAIR\_ADDRESS Address of the token and address of the pool. They are not the same thing! * A token contract address is a unique address that represents a token on the blockchain. * In DEX (decentralized exchange) trading, a pair address refers to the smart contract address of a liquidity pool for a specific token pair. One token can have multiple pools or pair addresses. ### TOKEN\_DECIMALS Every token needs to specify how many “decimals” it has. When you buy 1 PEPE on dextools, this “1” is a human-friendly number. The actual number is 1 \* 10^(d), where “d” is the decimals of the token. ### TOKEN\_NAME, TICKER The name of the token and the token’s symbol. ### PAIR\_CREATION, TOKEN\_CREATION The creation datetime of the selected pair. The creation datetime of the selected token. ### SCAM If the selected token was marked as a scam by our security engine. We account for previous rug pulls, honeypots, or scams. ### LIQUIDITY\_USD The amount of liquidity (in USD) for the given pool. ### LOCKED\_LIQUIDITY, BURNED\_LIQUIDITY Percentage amount of tokens used for liquidity that are locked or burned. For example, if 100% is locked or burned, there is almost no way you can get the rug pulled (of course, there are different types of scams that can still happen). (!!! Some liqs are scammy. Locker providers still have their backdoors. Also, this doesn’t protect you against hidden mint !!!) ### TOTAL\_MARKET\_CAP, CIRCULATING\_MARKETCAP The total market cap is calculated by multiplying the total token supply by the current price. The total token supply is the number of coins created minus any coins burned (removed from circulation). The circulating market cap is calculated by multiplying all the circulating tokens supplied with the current price. Circulating supply is defined as the amount of coins circulating in the market and tradeable by the public. ### Alpha (BTC\_ALPHA, ETH\_ALPHA, SOL\_ALPHA) Alpha measures the performance of a token relative to its expected return based on a specific benchmark (like BTC). It helps assess whether a token is outperforming or underperforming after accounting for its inherent risk and market conditions. Here’s what different alpha values mean: * Alpha > 0: The token has outperformed its benchmark * Alpha = 0: The token has performed as expected, matching its benchmark's return. * Alpha < 0: The token has underperformed its benchmark. ### Beta (BTC\_BETA, ETH\_BETA, SOL\_BETA) Beta measures a token's price relative to a specific benchmark, like Bitcoin, Ethereum, or Solana. It helps assess the token's volatility and risk compared to the benchmark. Here's what different beta values mean: * Beta = 1: The token moves in sync with the market. The token will likely do the same if the market rises or falls by 5%. * Beta > 1: The token is more volatile than the market. For example, if the market rises by 5%, the token might rise by 7% (and fall more sharply in downturns). * Beta < 1: The token is less volatile than the market. If the market rises or falls by 5%, the token's movement may be smaller, like 3%. * Beta = 0: No correlation with the market; the token's price moves independently. * Negative Beta: The token moves in the opposite direction of the market. If the market rises, the token tends to fall, and vice versa. ### RSI RSI is a tool that measures how fast and how much the price of a token changes over some time, in this case, 30 days. It helps determine whether a token might be overbought (too high and could drop) or oversold (too low and could rise). The RSI value ranges from 0 to 100: * RSI > 70 suggests the token might be overbought. * RSI < 30 suggests the token might be oversold. ### MOVING\_AVG A moving average is a calculation that shows the average price of a token over a specific period - in the current case, this is the last 7 days. It smooths out short-term price changes and helps identify trends. For example, if the token's price is going up steadily, the moving average will also go up, showing a clear upward trend. It's like looking at the big picture of the price instead of focusing on every small change. ### Price Change It tells us how much a price has changed in a given interval. ### Holders (HOLDERS, HOLDERS\_CHANGE\_1D, HOLDERS\_CHANGE\_7D, HOLDERS\_CHANGE\_30D) HOLDER describes how many unique wallets are holding this token. Change in holders tells us how many holders have changed in a given interval. Exp: holder\_change\_1d = 30, means that 30 new wallets have started holding this token ### Holders Top X SUM It tells us what % of supply the top X holders hold. Exp: HOLDERS\_TOP10\_SUM = 20%. The top 20 whale wallets hold 20% of all token supply. DEX wallets are excluded. ### HOLDERS\_HHI The Herfindahl-Hirschman Index of the selected token. The Herfindahl-Hirschman Index (HHI) is a common measure of market concentration used to determine market competitiveness. ### HOLDERS\_MEDIAN\_RANK Identifies the wallet rank at which half the total token supply is held. For example, if the median rank is 50, the first 50 holders collectively own 50% of the total supply. Indicates whether the token supply is top-heavy (dominated by a few wallets) or more evenly distributed. The higher the value, the better. ### DEPLOYER\_HOLDS The percentage of the total token supply held by the token deployer. The deployer is the wallet that created the token contract. Indicates whether the deployer significantly influences the token's market dynamics. ### Volume Changes (VOLUME\_CHANGE\_1H, VOLUME\_CHANGE\_1D, VOLUME\_CHANGE\_7D) The selected pair's trading volume change in the last 1h/1d/7d in USD. ### Dex Trades Changes (DEX\_TRADES\_CHANGE\_1H, DEX\_TRADES\_CHANGE\_1D, DEX\_TRADES\_CHANGE\_7D) The change in the number of DEX trades of the selected pair in the last 1h/1d/7d. ### Momentum (MOM10) ([Link](https://www.barchart.com/education/technical-indicators/momentum)) Momentum monitors the change in prices. It tells you whether prices are increasing at an increasing rate or decreasing at a decreasing rate. Is the market trend about to change? Is the market overbought or oversold? Momentum may help you find those market conditions. The indicator calculates momentum by computing the continuous difference between prices at fixed intervals. That difference is either a positive or negative value. When momentum is above the zero line and rising, prices are increasing at an increasing rate. If momentum is above the zero line but is declining, prices are still increasing but at a decreasing rate. The opposite is true when momentum falls below the zero line. If momentum is falling and is below the zero line, prices are decreasing at an increasing rate. With momentum below the zero line and rising, prices are still declining but at a decreasing rate. The normal trading rule is simple. Buy when the momentum line crosses from below the zero line to above. Sell when the momentum line crosses from above the zero line to below. Another possibility is to establish bands at each extreme of the momentum line. Initiate or change positions when the indicator enters either of those zones. You could modify that rule to enter a position only when the indicator reaches the overbought or oversold zone and then exits that zone. ### Bollinger Bands (BB) ([Link](https://www.barchart.com/education/technical-indicators/bollinger_bands_percent)) Bollinger Band Percent (BB %B) quantifies a symbol's price relative to the upper and lower Bollinger Band. There are six basic relationship levels: * %B equals 1 when price is at the upper band * %B equals 0 when price is at the lower band * %B is above 1 when price is above the upper band * %B is below 0 when price is below the lower band * %B is above .50 when price is above the middle band (20-day SMA) * %B is below .50 when price is below the middle band (20-day SMA) # Token Analyzer API Blokiments API Integration for the Token Analyzer Engine. Experience one of the most powerful token analysis APIs available. {% hint style="warning" %} **Please note that the Token Analyzer is only accessible to whitelisted users. To request access, contact us at or in the** [**Telegram group**](https://t.me/blokiments_public)**.** {% endhint %} ## Overview [Blokiments Token Analyzer](/features/token-analyzer) is a powerful tool that scans and aggregates token data in real time, providing clear, user-friendly warnings and in-depth metrics for advanced analysis. The same analytics engine that powers our platform is now available via API for seamless integration. Key Advantages: * **Real-Time Intelligence**: Our risk engine continuously processes on-chain and off-chain data, ensuring every report and warning reflects the most up-to-date information available at the time of the call. * **Plain-English, LLM-Ready Alerts**: We deliver clear, structured warnings that are easy for both humans and language models to understand. Perfect for use as contextual input in AI systems, no jargon, just actionable insights. * **All-in-One Coverage:** Risk assessments, trading data, on-chain movements, and social signals are all unified in a single product. There’s no need to juggle multiple tools or platforms. * **One-Click Simplicity:** Whether you’re a retail trader or an enterprise partner, powerful risk insights are available instantly, with no steep learning curve, no technical complexity. * **Broad Multi-Chain Support**: Currently live on Solana, Ethereum, Base, BSC, Arbitrum, and Tron, the Token Analyzer covers the ecosystems where scams are most active, with more chains coming soon. * **Built on Real Scam Data**: Our detection models leverage advanced pattern recognition and a proprietary database of thousands of confirmed rug pulls and scams, enabling faster and smarter detection than generic analytics tools. ## Report types The API provides two report types to suit different use cases. Our goal is to deliver accurate results as quickly as possible. * **LITE report: A fast snapshot of a token’s health and risks.** * Typical analysis time: 2–8 seconds * Cost: 1 credit * Best for: quick overviews (e.g., Telegram bots, pre-screening) * What it includes: general token metadata, social links, trading activity, and core reviews ([security audit](/features/token-analyzer#security-audit-module), [liquidity review](/features/token-analyzer#liquidity-module), [deployer review](/features/token-analyzer#token-deployer-module)). * **FULL report: A comprehensive, in-depth analysis.** * Typical analysis time: 30–60 seconds * Cost: 5 credits * Best for: cases where the lite report is inconclusive, or when full due diligence is required * What it adds (on top of LITE): [callers analysis](/features/token-analyzer#callers-module), [holders analysis](/features/token-analyzer#holders-module), [smart-money behavior](/features/token-analyzer#smart-money-module), [suspicious-pattern detection](/features/token-analyzer#suspicious-patterns-module), [advanced scam review](/features/token-analyzer#advance-scam-detection-module), and [advanced activity review](/features/token-analyzer#advance-scam-detection-module). {% hint style="danger" %} Note: Many coordinated or “bundled” scams cannot be reliably detected by the LITE report alone. The FULL report analyzes top holders with advanced pattern detection and metrics to uncover sophisticated fraud, which takes more time but yields stronger results. {% endhint %} For detailed field definitions and response models, see the [API documentation](https://api.blokiments.com/documentation#tag/Token-Analyzer). ## API endpoints
A quick overview of the API endpoints for seamless integration into your product or bot. The Token Analyzer API consists of **three main endpoints**: * **Request a report: `POST /request-report`** * Submit the network and token address you want analyzed, and specify whether you need a lite or full report. * The system queues and analyzes the requested token and report type. * Credits are charged for every new report generation. If a report is already being processed (status: pending), no credits are charged for re-calling this endpoint. * **Fetch the report:** * **Fetch the lite report: `GET /lite-report`** * Use this endpoint if you requested a lite report. * **Fetch the full report: `GET /full-report`** * Use this endpoint if you requested a full report. **When fetching a report:** * If the report is still being generated, the API will return a `pending` status. * You can poll the endpoint periodically (with small delays) until the status changes to `completed`. * Once completed, the full analysis data will be available. {% hint style="info" %} **Credits are never charged** for fetching reports, only for generating new ones via `/request-report`. {% endhint %} ## Typical integration pattern Follow these steps to efficiently integrate the Blokiments Token Analyzer API into your product or bot: 1. **Validate inputs:** Before making any API calls, verify that the token address matches the selected network format. The API also performs this validation and will reject invalid combinations, but checking client-side helps prevent unnecessary calls. 2. **Check for existing reports (optional)**: Try fetching the desired report using the appropriate GET endpoint (`/lite-report` or `/full-report`). If a report already exists and its last refresh timestamp is recent enough for your use case, you can safely reuse it without spending credits. 3. **Request a new analysis (if needed):** 1. If no report exists, or you require a refreshed version, initiate a new analysis with:\ `POST /request-report` 2. Provide the following parameters: 1. network – one of the supported chains 2. token\_address – the token’s smart contract address 3. report\_type – lite or full 3. If you already know you’ll need detailed insights, request the full report directly. If you only need quick, high-level checks or aren’t sure yet, start with the lite version - it covers the most common risk indicators and basic scam detection. 4. You’ll receive a confirmation message such as “Report requested successfully.” 4. **Poll for results** 1. Once the request is submitted, periodically check the corresponding GET endpoint until the report is ready: 1. Lite report: `GET /lite-report`: poll every 2 seconds 2. Full report: `GET /full-report:` poll every 5 seconds 2. If the API returns a pending status, wait briefly before retrying. When the status changes to completed, the full report data will be available. 5. **Use the results** 1. Once the report is completed, you can access all relevant metrics and risk insights for your product, dashboard, or alert system. ## Practical step-by-step example Let’s walk through a practical example of how to use the API and explain the most common fields.\ If you prefer to start building right away, you can use the official [API documentation](https://api.blokiments.com/documentation#tag/Token-Analyzer) as a reference. In this example, we’ll demonstrate how you can integrate the Token Analyzer into a **bot**. {% stepper %} {% step %} #### **Check for existing reports** Suppose we want to analyze a specific token. Before requesting a new analysis, we can check whether a lite report for that token already exists. If it does, we verify when the report was last generated and decide whether it’s still recent enough for our use case. By doing this, we can **reuse valid cached data** and **avoid spending additional credits** unnecessarily. {% code lineNumbers="true" expandable="true" %} ```python import requests BASE_API_URL = "https://api.blokiments.com/api/v1/token-analyzer" BLOKIMENTS_API_KEY = "YOUR_API_KEY" def get_lite_token_report(network: str, token_address: str) -> dict | None: """Fetch the lite token analyzer report for a given token address on a specified network.""" url = f"{BASE_API_URL}/lite-report" params = {"network": network, "token_address": token_address} headers = {"X-API-Key": BLOKIMENTS_API_KEY} response = requests.get(url, params=params, headers=headers) if response.status_code != 200: print(f"Error fetching report: {response.status_code} - {response.text}") return None return response.json() if __name__ == "__main__": data = get_lite_token_report("ethereum", "0x07197f78c3f2d0a4a199dbc442f2187d416e3e88") if data: report_status = data.get("report_status") report_creation_timestamp = data.get("report_creation_timestamp") print(f"Report Status: {report_status}") print(f"Report Creation Timestamp: {report_creation_timestamp}") print(data) ``` {% endcode %} When using the GET endpoints (`/lite-report` and `/full-report`) to retrieve reports, your application should properly handle the following status codes and key response fields to ensure reliable behavior. * **422 Unprocessable Entity**: * Returned when the request contains an invalid or malformed `network` , or `token_address` field. * 👉 Tip: Always validate the token address and network on the client side before sending the request. * **401 Unauthorized**: Indicates that the API key is missing, invalid, or does not have permission to access the endpoint. * 👉 Fix: Check that your API key is valid, active, and correctly included in the request header. Contact to get an API key. * **400 Bad Request**: Occurs when the address and network pass basic validation but are logically incompatible. For example, querying an ERC-20 token address using the Solana network configuration. * **404 Not found**: Means the report for that token has never been generated. **This doesn’t mean the token itself doesn’t exist, only that no analysis report is available yet.** **You should call `POST /request-report` to generate it.** Example response: ``` {"detail":"Token analyzer lite report not generated yet. Please request a report first."} ``` * **200 Success**: Indicates that a report was found and returned successfully. In this case, your application should check additional response fields (described below) to determine the **current report status** (`pending`, `completed`, etc.) before using the data.
{% endstep %} {% step %} #### Validate the report fields 1. **Understanding the report\_status Field:** Every successful GET response (200 OK) includes a `report_status` field that indicates the current state of the analysis. This field can contain one of the following four statuses: 1. `not_found`: The analyzer couldn’t locate the provided token. 1. This may happen if: 1. The token doesn’t have any active DEX pools, or 2. The provided address doesn’t correspond to a valid token contract. 2. Additional details are available in the report\_status\_details field, which explains why the token wasn’t found. 2. `error`: An unexpected issue occurred during the analysis, and the report couldn’t be generated. More information about the failure is provided in the `report_status_details` field. 3. `pending`: The token is currently being analyzed by the engine. In this case, you should call the same GET endpoint again after a few seconds to check whether the report is ready. 4. `completed`: The report has been successfully generated, and the full data is now available. For additional insights or potential caveats, refer to the `report_status_warnings` field. 2. **About `report_status_warnings`**: This field provides warnings about any conditions or issues that may have affected the data collection or analysis. While the system aims to deliver the most accurate and reliable results possible, certain cases—such as missing trading pools or partial data retrieval—may trigger warnings to inform you that some metrics could be incomplete. (These warnings typically relate to trading or liquidity data.) 3. About `report_creation_timestamp` : The `report_creation_timestamp` field shows when the report was generated. All metrics, reviews, and insights are based on data captured at that specific moment in time. Use this timestamp to determine the report’s freshness and decide whether a new analysis is needed. {% endstep %} {% step %} #### **Request a new lite analysis** If a report is **not found** or is **outdated**, you’ll need to refresh the token data by making a **`POST /request-report`** call. After submitting the request, continue polling the corresponding **GET** endpoint until the report is ready. We recommend using a **2-second polling interval** for **lite reports** to balance responsiveness and efficiency. Here’s an example code snippet to illustrate the process: {% code lineNumbers="true" expandable="true" %} ```python import time import requests POLLING_INTERVAL = 2 # seconds BREAK_LOOP_ON_REPORT_STATUS = {"not_found", "error", "completed"} BASE_API_URL = "https://api.blokiments.com/api/v1/token-analyzer" BLOKIMENTS_API_KEY = "YOUR_API_KEY" def request_new_report(network: str, token_address: str, report_type: str) -> dict | None: """Request a new token analyzer report.""" url = f"{BASE_API_URL}/request-report" headers = {"X-API-Key": BLOKIMENTS_API_KEY} data = {"network": network, "token_address": token_address, "report_type": report_type} response = requests.post(url, headers=headers, json=data) if response.status_code != 200: print(f"Error requesting report: {response.status_code} - {response.text}") return None return response.json() def pool_report_till_ready(network: str, token_address: str, report_type: str) -> dict | None: """Poll the API until the report is ready.""" while True: url = f"{BASE_API_URL}/{report_type}-report" headers = {"X-API-Key": BLOKIMENTS_API_KEY} params = {"network": network, "token_address": token_address} response = requests.get(url, headers=headers, params=params) if response.status_code == 200: report = response.json() if report.get("report_status") in BREAK_LOOP_ON_REPORT_STATUS: return report print("Report not ready yet, polling again...") time.sleep(POLLING_INTERVAL) elif response.status_code == 404: print("Report not ready yet, polling again...") time.sleep(POLLING_INTERVAL) else: print(f"Error fetching report: {response.status_code} - {response.text}") return None if __name__ == "__main__": data = request_new_report("ethereum", "0xb7c5464f000e019a106361da8e7652087cde44ff", "lite") if data: print("Report requested successfully.") data = pool_report_till_ready("ethereum", "0xb7c5464f000e019a106361da8e7652087cde44ff", "lite") print("Final Report Data:", data) ``` {% endcode %} {% hint style="info" %} After you successfully submit a POST `/request-report` call, the report job is created in the system, but it may take a few seconds before the analyzer transitions into the pending state. During this short initialization period, calling the **GET** endpoint (`/lite-report` or `/full-report`) will return a **`404 Not Found`** response. This does **not** mean the request failed or that the token doesn’t exist; it simply means the report is not yet available in the database. It’s important to wait and keep polling on a 404 status until the report enters the database. Avoid sending multiple POST requests during this period — doing so will trigger unnecessary credit charges. Instead, poll the GET endpoint every few seconds (for example, every **2 seconds** for lite reports) until a **200 OK** response is returned. {% endhint %} {% endstep %} {% step %} #### Check the requested lite report Use the same validation steps described earlier in step 2 when handling the Lite report response. In addition, the **Lite report** includes a helpful field called **`token_risk_level`**, which provides an at-a-glance assessment of the token’s overall risk. This can guide you in deciding whether a **full report** is necessary for a deeper review. * `low` - Indicates a well-established token with multiple CEX listings, healthy liquidity, a strong holder base, and a solid market cap. * `neutral` - No specific risks detected; the token appears stable based on available data. * `high` - Multiple red flags or critical issues were found, or the token is very new - both factors increase the risk level. * `need_more_data` - The system couldn’t confidently assess the token’s risk using the Lite data alone. A Full report is recommended for a more accurate evaluation. {% hint style="danger" %} Note: The `token_risk_level` is not a price prediction or investment signal; it is a risk indicator, designed to help identify potentially unsafe or suspicious tokens. {% endhint %} **Lite Report Result Fields** * **`token_reviews`** — Contains a summary of key findings and risk messages in plain language, each with an associated severity level (info, warning, or critical). * **`token_metadata`** — An object containing all the metrics generated in the Lite report (see the API documentation for a complete field reference). If the **Lite report** indicates elevated risk or insufficient data (`need_more_data`), you can proceed to generate a **Full report** for a deeper and more comprehensive analysis. {% endstep %} {% step %} #### Request a full analysis if needed We can follow the same logic used for the **Lite report** request, simply change the `report_type` to **`full`** and increase the polling interval to **5 seconds**. Below is the complete code example demonstrating the full workflow. {% code lineNumbers="true" expandable="true" %} ```python import time import requests POLLING_INTERVAL = 5 # seconds BREAK_LOOP_ON_REPORT_STATUS = {"not_found", "error", "completed"} BASE_API_URL = "https://api.blokiments.com/api/v1/token-analyzer" BLOKIMENTS_API_KEY = "YOUR_API_KEY" def request_new_report(network: str, token_address: str, report_type: str) -> dict | None: """Request a new token analyzer report.""" url = f"{BASE_API_URL}/request-report" headers = {"X-API-Key": BLOKIMENTS_API_KEY} data = {"network": network, "token_address": token_address, "report_type": report_type} response = requests.post(url, headers=headers, json=data) if response.status_code != 200: print(f"Error requesting report: {response.status_code} - {response.text}") return None return response.json() def pool_report_till_ready(network: str, token_address: str, report_type: str) -> dict | None: """Poll the API until the report is ready.""" while True: url = f"{BASE_API_URL}/{report_type}-report" headers = {"X-API-Key": BLOKIMENTS_API_KEY} params = {"network": network, "token_address": token_address} response = requests.get(url, headers=headers, params=params) if response.status_code == 200: report = response.json() if report.get("report_status") in BREAK_LOOP_ON_REPORT_STATUS: return report print("Report not ready yet, polling again...") time.sleep(POLLING_INTERVAL) elif response.status_code == 404: print("Report not ready yet, polling again...") time.sleep(POLLING_INTERVAL) else: print(f"Error fetching report: {response.status_code} - {response.text}") return None if __name__ == "__main__": data = request_new_report("ethereum", "0xb7c5464f000e019a106361da8e7652087cde44ff", "full") if data: print("Report requested successfully.") data = pool_report_till_ready("ethereum", "0xb7c5464f000e019a106361da8e7652087cde44ff", "full") print("Final Report Data:", data) ``` {% endcode %} {% endstep %} {% step %} #### Retrieving the Full Report Results The **Full report** response follows the same structure and behavior as the Lite report, with two key differences: * **`token_risk_level`** — This field is **not included** in the Full report. To assess the token’s overall risk, refer to the detailed insights provided in the **`token_reviews`** field. * **`token_advanced_metadata`** — This field is **available only in the Full report** and contains additional metrics generated by the advanced analysis modules. With these differences in mind, you can interpret the Full report in the same way as the Lite report. This concludes our example. {% endstep %} {% endstepper %} ## Check API usage
You can monitor your credit consumption using the `/usage` endpoint. This endpoint returns the following information: * Total credit limit * Monthly credit limit * Used credits * Available credits If any of the limits are shown as none, it means no restriction is applied for that specific interval. Credit limits are configured by the Blokiments team during API activation based on your subscription plan and expected usage. Expected result: ```json { "enabled": true, "last_activity_timestamp": "2025-11-01T11:58:47.429025Z", "total_credits_limit": 10000, "total_used_credits": 0, "total_available_credits": 10000, "monthly_credits_limit": 0, "monthly_used_credits": 0, "monthly_available_credits": 10000 } ``` ## FAQ
Why can’t I find any data about the token? For the API to return data and successfully generate a report, the token must have at least one **active liquidity pool**. If no liquidity pool exists for the token, the analyzer cannot gather the necessary on-chain data, and the token address will be marked as **`not_found`**.
# Get historical price data Get historical data using our OHLCVM endpoint. Learn how to use the [token historic OHLCV and Market Cap data endpoint](https://api.blokiments.com/documentation#tag/Historic-Data/operation/get_historic_ohlcvm_data_api_v1_historic_ohlcvm_get). {% hint style="success" %} **Are more requests needed? A subscription can be made via the RapidAPI platform:** [**https://rapidapi.com/blokiments/api/blokiments-data-api**](https://rapidapi.com/blokiments/api/blokiments-data-api) {% endhint %} This API provides historical OHLCV (Open, High, Low, Close, Volume) and Market Cap data for a selected token on various blockchain networks. If no activity is detected within a given interval, that interval is skipped. The API requires an API key to be included in the request header for authorization. Example Response: ```json { "network": "ethereum", "pair_address": "0x123456789abcdef", "token_address": "0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce", "token_name": "Sample Token", "token_symbol": "STK", "from_datetime": "2024-05-05T00:00:00", "number_of_intervals": 120, "time_bucket": "1d", "circulating_supply": 1000000000, "data": [ { "timestamp": "2024-05-05T00:00:00", "open": 0.05, "high": 0.06, "low": 0.04, "close": 0.055, "volume": 1000000, "market_cap": 55000000 } ] } ``` # Strategy building guides Coming soon. # Blog # Security Deep dives dedicated to security topics. ## Blogs * [Smart contract honeypot analysis](/guides/blog/security/smart-contract-honeypot-analysis) * [Rug Pulls](/guides/blog/security/rug-pullls) * [Pump Scammer Analysis](/guides/blog/security/pump-scammer-analysis) * [Smart money scammer](/guides/blog/security/smart-money-scammer) * [Token Sewage Spill on Base](/guides/blog/security/token-sewage-spill-on-base) # Smart contract honeypot analysis Do you want to spot a honeypot in a Solidity contract code? Here, we describe some of the common types of honeypots that appeared on the Base network in July and August 2024. ## What is a honeypot? :honey\_pot: Losing money is very easy; just buy a honeypot token 🍯 {% hint style="info" %} Honeypot is a type of crypto scam where a scammer deploys a token on a blockchain with malicious code within the smart contract of a token. The malicious part of the code prevents you from selling the token. {% endhint %} Here is how to lose money in 5 simple steps (don't follow it): 1. You see a cool meme coin and buy it on Uniswap with $100 worth of ethereum. 2. The next day, you watch the price go up, and you are happy—your initial buy of the tokens is now worth $300. Hooray! 3. You decide to cash out the $300 worth of tokens for a good 3X on your initial investment. 4. You go to a Uniswap DEX and click “swap” to convert the tokens back to WETH (sell). 5. Unable to swap, the sell transaction reverted... you are now stuck with the tokens. 😔😔 What happened here is that you bought a honeypot token, but you cannot sell it. Eventually, the tokens will become worthless. You can also try to transfer the tokens to another one of your wallets, but you will see that in most cases, even if that fails. Usually, we use external tools to detect if a token is a honeypot ([GoPlus](https://gopluslabs.io/token-security), [Honeypot.is](https://honeypot.is/), [QuillCheck](https://check.quillai.network/),...). These tools simulate buying and selling the token, so if you can sell the token in simulation, then technically, it is not a honeypot. But scammers are getting creative, and sometimes, even online honeypot checking tools have a hard time detecting if a token is a honeypot. ## Buying and selling tokens 💸 Each token on ERC20 chains (Ethereum, Base, BSC, ...) is a piece of code in the Solidity programming language that determines its functionality (the piece of code is called a smart contract). A smart contract with a honeypot code allows you to buy the token and later prevents you from selling it. While you can’t sell the tokens, the scammer can. That’s why we need to inspect the selling functionality part of the code. Buying and selling were performed within the `_transfer(from, to, value)` function in the honeypot smart contracts we analyzed. For example, first look at the normal `_transfer()` function that looks something like this:

_transfer function

This function does not have any suspicious lines of code. There are some basic checks for the code to execute the transfer. The balances of the sender (from) and receiver (to) are affected, which is normal behavior when buying or selling tokens. (Keep in mind that in this case the `_transferAllowed` function does not have malicious code in it, but potentially, some scammers might change the code for a new token they deploy). The following examples are just one of many honeypot types. If you know some Solidity programming language and look at the code by clicking the token link, you will see that some are very suspicious-looking. Sometimes, you just have to ask yourself, “Why is this piece of code here? Does it make sense for a regular ERC20 token?” In all the cases we investigated, the token smart contract performed calls to external smart contracts. In each case, the scammer tried to obfuscate the address of an externally called smart contract. The external smart contract determines who can sell the token, and once you buy the token, automatized bot from scammers blacklists you. Most common way of scammers performing a honeypot scam: 1. Scammers somehow obfuscate external contract addresses in the smart contract when deploying it. 2. You buy the token. When the token contract performs checks, the external hidden contract is called, allowing you to buy it. Your buy transaction is recorded on the blockchain. 3. The scammer bot detects that you have made a buy transaction of their token. And within the next few blocks, it blacklists you on the external token contract. That is also how they avoid being detected by the automatic honeypot simulator tools. When you are simulating the transactions, you don't consider if anyone is making a transaction on some other external smart contracts that might affect the original token smart contract. 4. Now, when you try to sell, during the checks in the token smart contract, the external smart contract is called, and it reverses your sell transaction. ## Example: \_msgData() Token: [$BAR](https://basescan.org/address/0xf2C6cC38727d013C2342AAB68Dcc7baBA0CDa971#code) As we said, the sell function is affected when the honeypot code is in the smart contract. The `_transfer` function is used to buy and sell the token. If we inspect the code of this token, it would seem normal in general. But there are two red flags. 1. `require(IERC20(_msgData()).transferFrom(from, to, value))` in the `_transfer` function, which is an external call to another smart contract. 2. Weird assembly code with a big number in `_msgData()` function This is where the honeypot happens. The scammer is trying to mask the external contract address using the `_msgData()` and some big numbers that are present in the `_msgData()` function:

Example from 0xf2C6cC38727d013C2342AAB68Dcc7baBA0CDa971 (Base)

Here the `transferFrom(from, to, value)` call on the external contract prevents you from selling the token because this piece of code does not pass the “require” check. In the external contracts. And here is the obfuscated external smart contract address:

Assembly code.

If you convert the big number `101355749273665307024799333139364640399729048302` to hexadecimal, you get the address of the smart contract that is being called [0x11c0F2f0BC83aF3e70B601b522d9214571073aEE](https://basescan.org/address/0x11c0F2f0BC83aF3e70B601b522d9214571073aEE). On the external contract, you can see that somebody is performing unknown transactions. These are the transactions that blacklist you. ## Example: misspelled words Token: [$RACE](https://basescan.org/address/0x5f5ecdfe8335f34ee1705614b6567765b2e4c517#code) This example performs similarly to the previous example. The core is the same “Calling an external smart contract to see if you are blacklisted for selling the token.” But this time, the scammers are more sneaky; they try to blend in their malicious code so that inexperienced eyes can miss it. Here we again have the `_transfer` function:

Example from 0x5f5eCdfE8335F34Ee1705614b6567765B2E4c517 (Base)

This time, the function looks normal on the first look, with no external calls. But in fact, you can see that there is a weird misspelled function called `decreasAlllowance(sender, recipient)`. Even if it is spelled correctly, it looks suspicious, but it's okay. Now, if we check the called function `decreasAllowance`:

decreasAllowance function

The IERC20 interface is modified so that the `all0wance(owner, spender)` function is inserted. Which is also misspelled; it has replaced the letter “o” with the number zero “0”. Again, this function performs a call to an external contract. The variable `__decimals` carries a hidden external smart contract address that is set in the contract creation. I don't know if you have spotted it, but these `__decimals` have one more underline than the ERC20 standard `_decimals`. Big red flags. ## Example: logging function Token: [$HITMAN](https://basescan.org/address/0x6f0083e2fb1224545836c097b4f736ec0bd68c08#code) This token has a bit more complex `_transfer` function. And it looks pretty normal if you quickly look at it (despite having some functions renamed and some additional checks for swapping)

Example from 0x6f0083E2Fb1224545836C097B4F736Ec0Bd68C08 (Base)

The scam here happens in the `log(from, to, amount)`. Again, an external call on `save(from, to, amount)`. That checks if you are blacklisted. The log function comes with a complementary `logger()` function that again obfuscates an external smart contract address with a big number.

Malicious logger function.

Scammers are sneaky. ## How not to lose money (at least not by buying honeypots): * Check the token's security metrics on Blokiment's token's detail view.

A token is a honeypot.

* Before buying a token, manually check its smart contract code. If it contains code that does not make sense, has misspelled functions, or clearly makes an external call, run away. * Use external tools to detect if a token is a honeypot ([GoPlus](https://gopluslabs.io/token-security), [Honeypot.is](https://honeypot.is/), [QuillCheck](https://check.quillai.network/),...). * Check the token socials for any comments from other buyers. * **Choose tokens with audited smart contracts**: Go for tokens whose smart contracts have passed checks by well-known third-party companies. These firms are pros at examining a contract’s safety and how it works, spotting hidden flaws or harmful code. * Try to make a buy and sell with a small amount of money before investing bigger amounts. * Check our [Crypto Security Tips](/start-here/crypto-security-tips). # Rug pullls Uncover the dark side of crypto: Learn how to spot and avoid the next rug pull before it's too late! ## What is a classical rug pull? A rug pull is a type of scam in the cryptocurrency and decentralized finance (DeFi) space where developers suddenly withdraw all funds from a project, leaving investors with worthless tokens. The liquidity pool creator first provides liquidity for a token so that a token can be traded. And then, after other people or bots buy the token with a token that already has value (for example, with Wrapped Ethereum), he removes liquidity and runs away with tokens from the pool. The token is no longer tradable and becomes worthless. You left your Ethereum in the pool and now hold worthless tokens. What is a common way for scammers to perform a rug pull? 1. **Creating a New Token**: The scammer creates a new token on the blockchain. Let's call this token "XYZ." 2. **Providing Liquidity**: The token's creator then provides liquidity to a decentralized exchange (DEX). They pair the new XYZ token with Wrapped Ethereum (WETH) in a liquidity pool. For example, they might add 1 WETH and a large number of XYZ tokens to the pool, making the token XYZ tradable. 3. **Attracting Buyers:** The creator then attracts buyers to purchase the XYZ token. This can be done through marketing, promises of future value, or even social media hype. But this can depend from token to token. He can target automated trading bots and make the token somehow more attractive to them. 4. **Buyers Purchase Tokens:** Buyers purchase XYZ tokens using their WETH. As buyers trade WETH for XYZ, the liquidity pool starts to fill up with more WETH. 5. **Rug Pull Event:** Once buyers have added enough WETH to the liquidity pool, the creator suddenly withdraws all the WETH from the pool. 6. **Resulting Worthlessness:** The Wrapped Ethereum token (WETH) retains its value. However, the XYZ tokens investors hold are now practically worthless because there's no WETH left in the pool to support any trades. Essentially, XYZ tokens have lost their market liquidity and value. In serious projects, liquidity is often locked for a certain period to ensure buyers that the funds can't be quickly withdrawn. Liquidity can even be burned and thus never withdrawn. However, the creator does not lock or burn the liquidity for a rug pull to happen. ## Case study: [$REDDIT](https://blokiments.com/detailedView/base?pairAddress=0x31013061496253572b0df46022ba7d7abe7a9292) token Let’s take an example of the token with the symbol $REDDIT on the Base chain (the token is not related to the actual Reddit). In the beginning, he provided 2.01 WETH, which at the time was worth $5315. Later, after 35 minutes, he pulled out 4.53 WETH worth $11991. It looks like he made $6676 in profit, but this is not necessarily true. This is the 1-minute token graph:

Graph for the 0x378ee44c1ea1516d89b65317e9d05636ba91968e token (Base).

The price graph looks suspicious because there is only an uptrend with no sell trades. It seems like the token creator artificially inflated the price to attract bots or traders by buying tokens using his other wallets, thus creating a fake uptrend and trading activity. We assume that most of the pulled WETH was from himself, who made less than $6676. Nevertheless, a rug pull was made. ## Rug pull statistics These types of scams occur regularly, so we analyzed almost two months' worth of data between 2024-07-01 and 2024-08-20. The condition for this analysis was that the scammer made at least $100 in profit when doing a rug pull. The remaining amount in the pool after the rug pull is less than $100. We analyzed the data on Arbitrum, Ethereum, BSC, and Base chains. We took all the detected rug pulls and measured the time difference between pool creation and a rug pull. We divided the data into three sets of percentiles: 99%, 95%, and 90%. In simpler words, if we want to know the time difference from pool creation to rug pull, at which 95% of all rug pulls happen, then look at the 95% percentile on the graph.

Rug pulls statistics

\ On the **Ethereum** network, 9,095 rug pulls were detected: * 99% occurred within 19,905 minutes (approximately 14 days). * 95% occurred within 2,797 minutes (around 47 hours). * 90% occurred within 1,257 minutes (roughly 21 hours). The **Base** network experienced 98,100 rug pulls: * 99% were detected within 183 minutes (about 3 hours). * 95% occurred within 39 minutes (less than 1 hour). * 90% also occurred within 39 minutes (less than 1 hour). **Arbitrum** saw 135 rug pulls: * 99% happened within 64,514 minutes (approximately 1,075 hours). * 95% occurred within 28,698 minutes (around 478 hours). * 90% took place within 9,995 minutes (about 167 hours). On **BSC**, 430 rug pulls were detected: * 99% occurred within 51,791 minutes (approximately 863 hours). * 95% within 36,075 minutes (around 601 hours). * 90% within 34,203 minutes (approximately 570 hours). In summary, if you suspect a token is a rug pull on Ethereum, it will likely get the rug pulled within one day of the pool's creation. Arbitrum and BSC have fewer rug pulls but face other types of scams, leading to perhaps inconclusive data. The Base network is the most active for rug pulls among the analyzed blockchains, often within just a few hours. ## How to avoid a rug pull? {% hint style="warning" %} **Remember that these are just classical rug pulls and not all the other types of scams on the blockchain (like honeypots, covered in our previous posts).** If you know how to avoid a rug pull, you may still be scammed by other means. {% endhint %} Here is a simple [filter configuration on Ethereum you can use to avoid ](https://blokiments.com/filter-config?version=1\&filterConfig=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)simple scams. The filter configuration requires at least 90% of liquidity locked or burned to be at least five days old, liquidity in the pool needs to be at least $50.000, smart contract code must be verified, and, for good measures, security score needs to be good or greater. Another way is to look manually. Check if the token is either burned or locked for enough time (at least three months). In this example, 91.9 % of liquidity pool tokens have been locked at Team Finance Locker.

LP token ditribution.

**But again, THIS IS NOT ENOUGH. You need to perform also other security checks on the security tab:**
**And, of course, do your research.** # Pump Scammer Analysis In today's post, we will look deeper at a specific Arbitrum scammer. {% hint style="info" %} He might not operate on your favorite chain, but we can extract some valuable knowledge and see how some of these automated scammers work. {% endhint %} ## Preamble: Finding the gem After a few hours of tinkering with filters and digging around the newest tokens, you finally find what looks like a future gem. The price action is great, and you are in. [DOGS is the token](https://blokiments.com/detailedView/arbitrum?pairAddress=0xf3ea5b9c204597fb43e3ce568c9d3548cb5d1e05) that will get you to the moon.

0xf3ea5b9c204597fb43e3ce568c9d3548cb5d1e05 price action before scam

You wait a little bit, and the price keeps going up. You want to sell after reaching your Lambo-sell threshold, but the transaction keeps failing. And inevitably, the crash comes, and your money is gone.

0xf3ea5b9c204597fb43e3ce568c9d3548cb5d1e05 price action after crash

But what exactly happened? Let's look at it through the scammer's eyes. ## Setting the stage ### Meet the cast Today’s main actor is called SHADY SLIM ([0x5E2d9aEEECFb564886934a25dAFA342B83a7F92b](https://arbiscan.io/address/0x5E2d9aEEECFb564886934a25dAFA342B83a7F92b)). And we can see him funding three distinct addresses:

Founding addresses

* [TxHs](https://arbiscan.io/tx/0x1346159cdb931cf00af48ac4f2dac42ac05d9acd78cd9da7dd60c61f551140ed): Aug-20, 04:42 UTC: SHADY SLIM sends 0.1ETH to wallet we will call OCTAVIUS ([0xF34C8bFD4807A01Ed0b84476FC0F96E9F7F32dB7](https://arbiscan.io/address/0xf34c8bfd4807a01ed0b84476fc0f96e9f7f32db7)) * [TxHs](https://arbiscan.io/tx/0x0c782208d51ce79130d548d7b136b880c5c1710a8cc057c38806fb903b8b42c6): Aug-20, 04:40 UTC; SHADY SLIM sends 0.022ETH to a wallet we will call DOGS TRACKER ([0x0Dff20B5e844F262036703b7931C946376a5f58C](https://arbiscan.io/address/0x0dff20b5e844f262036703b7931c946376a5f58c)) * [TxHs](https://arbiscan.io/tx/0x9e4ad58927b5f2bffade431c1fcf27b769a3a5925166fd2ab9d1d08cc2675537): Aug-20, 04:41 UTC: SHADY SLIM sends 0.022ETH to a wallet we will call DOGS DEPLOYER ([0x5409CD38F77884dFFa63D354F8E99d748f9fd736](https://arbiscan.io/address/0x5409cd38f77884dffa63d354f8e99d748f9fd736)) ### A role for everyone Each actor in our cast has been funded for a specific task. **DOGS DEPLOYER** * [TxHs](https://arbiscan.io/tx/0x678a97d0881c8437d81d0681cc31fdd630804f88e758ee12d5b9a4a0c5d083e9): Aug-20, 04:41 UTC: DOGS DEPLOYER creates the new (scam) token. This time, it goes by the symbol DOGS ([0x9E5828bB60582bc3575025bdc5E495C0ae1807ca](https://arbiscan.io/address/0x9e5828bb60582bc3575025bdc5e495c0ae1807ca)). Upon creation, he gives himself 1e21 amount of DOGS tokens. * [TxHs](https://arbiscan.io/tx/0x9a69de494e78dbdd1512a75377bf5309e2c786db9d3a57c554df4e27c079586c): Aug-20, 04:42 UTC: Next, he burns 1e20 (10%) of the tokens. This is most likely to get around some basic token scanners. He is pretending this is a legit token with some of its supply burned. * [TxHs](https://arbiscan.io/tx/0xc01eed8e8ab480acb9615cc97c0f94221a3c1ac84a7c136a2611dc145b6177e6): Aug-20, 04:43 UTC: Next, he transfers the remainder 9e20 (90%) to another smart contract we will call PUMP ENGINE ([0x15eBa2c56B0De4b1665a7280DcD62384b8597175](https://arbiscan.io/address/0x15eBa2c56B0De4b1665a7280DcD62384b8597175)) * [TxHs](https://arbiscan.io/tx/0xc63bada9d63d9477f982b8cde8caa06cf9b10d052d34b45142e2f808eb5a7194): Aug-20, 04:43 UTC: As a final move, he renounces his ownership. Another move aimed to make the scam token appear more legitimate to basic scanners. **DOGS TRACKER** * [TxHs](https://arbiscan.io/tx/0xcdf82028413ac746451e6f16cacc0bb04d19f14d4946c8a3552937eb46598759): Aug-20, 04:40 UTC: After his initial funding round, DOGS TRACKER deploys a smart contract ([0xf3AF2ecbD1241279F344B5B922094d5757F1AD31](https://arbiscan.io/address/0xf3af2ecbd1241279f344b5b922094d5757f1ad31)). The contract is not open-sourced, and we could not completely decipher it. But, to our understanding (spoiler alert), it is a blacklisting smart contract that makes sure victims can’t sell or move the scam tokens. * [TxHs](https://arbiscan.io/tx/0xd35edc456400f4803fb7fbc3b9a52f54d1a17a63ec1b728cd08b4348b4775092): Aug-20, 04:44 UTC: Next, DOGS TRACKER tells this smart contract about all the relevant wallets and players (DOGS Pool, DOGS Token, PUMP ENGINE) * After that, DOGS TRACKER lays dormant until a victim buys the scam token **OCTAVIUS** * [TxHs](https://arbiscan.io/tx/0x2b8e3ba64d5daaaeaaccb9f60dbacd8b24c97909bc18c26ee038db8b94cdf70c): Aug-20, 04:44 UTC: OCTAVIUS, the man who will be pulling the strings now, firstly creates the DOGS Pool ([0xF3EA5b9C204597fB43E3CE568C9d3548CB5D1E05](https://arbiscan.io/address/0xF3EA5b9C204597fB43E3CE568C9d3548CB5D1E05)) on SushiSwap. He does this by calling the PUMP ENGINE. The stage is set, and the scam is up and operational. Now, let's see what is happening in the pool. ## Price and Pool manipulation tactics There are three tactics that the scammer is using to manipulate the pool metrics and price action. ### Volume pump The PUMP ENGINE makes a lot of back-and-forth trades in the pool. You are effectively making 0 profit but pumping the volume number very high. It is similar to me selling you 1 ETH for $3k. And the next second, you are selling me 1 ETH for $3k. And then I'm selling it to you again, 1 ETH for $3k. And then you are selling it back to me again, 1 ETH for $3k. Neither of us made any profit through these four trades, BUT we did make $12k of volume. The only cost of this tactic is the transactions, but since this happens on an L2, such costs are minimal. This scam is hard to happen on Ethereum because the trading fees are too high. An example of such a volume pump can be seen in this TxHs, where OCTAVIUS called a specific function in the PUMP ENGINE that makes the pump happen. Usually, one or two such pumps occur at the very beginning (to attract the trading bots), and then maybe a few more pumps during the token's lifetime. ### Simple price pumping Another tactic the scammer is using is a simple price pumping. Here, the PUMP ENGINE buys the token from the pool. It keeps making ($300 - $1500) buys, which increases prices. There are occasional sells, probably to fool some basic token scanners. But for the most part, the price action keeps increasing linearly. ### Airdrop The third tactic is an airdrop. Again, OCTAVIUS calls a function of the PUMP ENGINE that gets this process going. An example can be seen in this TxHs, where the PUMP engine spends a very small amount of WETH to distribute pennies of DOGS to a lot of different and random addresses (130+). The effect of this tactic can be twofold. On the one hand, it pumps the number of holders of the DOGS token. On the other hand, it might attract some random people to check the token out. Hey, you just got a random token; I wonder what it is. You check it out, and the price action looks amazing. So you buy it—hook, line, and sinker. ## Victims The pool is deployed, and the tactics are being executed. The price is increasing, and now the scammer is waiting. Hopefully, token scanners will pick up this token and land it in front of potential victims' eyes. ### DOGS first victim Sadly, the first victim arrives. [TxHs](https://arbiscan.io/tx/0x3421474d4079d2b46bd3d6cc70e2c01f6ddbfa9cbab763a57688735485b2e30f): Aug-20, 05:19 UTC: A wallet (0x453282cF8d285e193f9693D4f8BacCC477f3bF0E) buys DOGS token for around $33. Ain’t no shame; we’ve all been scammed. Buying the token triggers the scammer's next move. [TxHs](https://arbiscan.io/tx/0x63e432f982aca26542ac6c30429a7e55b3bed5875112a63bac2bb69d32d352d6): Aug-20, 05:20 UTC: DOGS TRACKER awakes and calls the DOGS TRACKER Smart Contract. What exactly this does, I don’t know. But, we can see that the victim’s address can be found inside the call parameters. I believe this call blacklists the victim's address from interacting with the DOGS token.
The same pattern appears for any other victim. ### Coup de Grâce After some days (usually 2-4), the signal comes, and the dumping begins.
PUMP ENGINE dumps all accumulated DOGS tokens within a few minutes (cca 5min). [TxHs](https://arbiscan.io/tx/0x56ba5379ce0f88b27ddebd441d59d1b3ddc77d2bcd71e57668f370972155dd15): Before the final trade, DOGS TRACKER calls the DOGS TRACKER Smart Contract one last time. I believe this triggers a hidden mint function, which allows OCTAVIUS to collate every last bit of profit from the pool. With this, the scam is finished. He might not have made much profit, but I found an example where he made a profit of a few thousand dollars. The only real costs are the transaction costs, but these are very small since this is happening on an L2. Any remaining funds inside the DOGS DEPLOYER, DOGS TRACKER, and PUMP ENGINE are returned to SHADY SLIM. And the cycle begins anew.
## Final thoughts Thank you for reading this deeper dive into the modus operandi of this specific Arbitrum scammer. If anyone has any questions, feel free to message us. And if anyone wants to take this inquiry further, here are some of the questions we were left with: * Who is the founder of SHADY SLIM? He started the scams, but someone also funded him. * Has this SUGGAR DADDY funded other shady slims? * Where does the final profit end up? We did not find the final wallet, which would aggregate all the profits. * Is there a way to spot these bad token contracts? Can we compare normal ERC20 smart contracts with these falsified and rotten scam ERC20 tokens and say which ones are scams? # Smart money scammer Another week, another scam report. It is a bit old from a few months ago. This one is interesting because we came across this scam while testing our new smart money feature (which is coming out very soon). We ran the algorithm and started to check which addresses were making the most money from trading on DEXes. We set the algorithm to fetch us addresses that met these conditions: * at least a 70% win rate * at least 4x on investment in the last 180 days * and at least $ 15,000 in total profit. The algorithm returned more than 20 addresses, some of which stood out. This one specifically stood out: We will name him **Mr. Smart Scammer**. ## The scams Mr. Smart Scammer made: * 40k USD in absolute profit * 450% on his initial investment * Traded 33 tokens * He had a 100% win ratio, which means that he bought low and sold high on each of those 33 tokens. \ The 100% win ratio on 33 tokens seemed very fishy. 1. Either he was the best trader with heavy inside information about the tokens he traded, 2. Or he was somehow associated with scams. So we went and checked the tokens he traded: * All of them died a few minutes after the creation. * Price graph patterns were the same. * The timings on which he bought the tokens were the same. Price pattern examples: Here are the patterns we took from 3 of the 33 coins he traded. Note that this is a 1-minute scale. The green B circle shows when he bought, and the red S circle shows when he sold.
At first glance, they might look like they are all graphs for the same token. But no, they are three different tokens with the same pattern: three uptrends and three downtrends. Also, if you observe the B(buy) and S(sell) events from Mr. Smart Scammer, they are placed at the same spot for all these tokens. Something weird is happening. \ So we investigated further. We checked who deployed these tokens. To our surprise, all the tokens Mr. Smart Scammer traded were deployed by the same [address (0xc01a2a893c4b98c7f41903e376f5fa932e618814)]() We will call this one **Mrs. Deploy Scammer.** Mrs. Deploy Scammer deployed 52 tokens over the course of 5 days. All of the deployed tokens died within minutes, having the same price pattern as discussed before. The tokens were also a honeypot, as only a select few addresses could sell them (more on that later). ## Money Flow We investigated how are Mr. Smart Scammer and Mrs. Deploy Sammer connected: 1. From Binance, he first sent ETH to Address 1. 2. Address 1 sent ETH to Address 2. 3. Address 2 then deployed Smart Contract. 4. ETH Was then transferred from the Smart Contract to Mr. Smart Scammer, Mrs. Deploy Scammer, and other addresses that could later sell the token (whitelisted ones from the honeypot). 5. Mrs. Deploy Scammer used funds to pay fees for launching new tokens. 6. Mr. Smart Scammer used funds to trade on these tokens. 7. Then, all the “profits” Mr. Smart Scamemr made were transferred to Mrs. Deploy Scammer, who then transferred funds to Address 3. Address three then transferred tokens to Binance.
So, from the looks of it, Mr. Smart Scammer and Mrs. Deploy Scammer are collaborating. Most likely, this is the same person performing transactions from different wallets. We described only the interaction between Mr. Smart Scammer and Mrs. Deploy Scammer. But other addresses were present with these transactions, also collaborating with Mrs. Deploy Scammer. All the tokens were honeypots, and only the traders funded by Smart Contract could sell them; other external traders lost money on them. We conclude that Mr. Smart Scammer creates trading volume with other traders, collaborating with them to lure in other normal traders searching for such price actions. Doing that, they trap other traders.
# Token Sewage Spill on Base How can scammers benefit from cheap fees on L2 networks? Today, we will look at another peculiar case on Base: a flood of scam tokens deployed by the same deployer, who spits a new one out every few minutes. One such example is the [KOBE Token](https://blokiments.com/detailedView/base?pairAddress=0x08ce86385ca47ccfbbef1bb9e3993016015e17ea). To avoid falling for such traps, check the **Security tab** in our detailed token view.

Example for 0x08ce86385ca47ccfbbef1bb9e3993016015e17ea.

## How the scam works ### Funding Round First, all associated wallets are funded. They are funded by ([0x317ECA62872f16F2f8Cc05ba21107851A331042D](https://basescan.org/address/0x317eca62872f16f2f8cc05ba21107851a331042d)), who we will call SEWAGE\_PLANT. The funding round consists of: * [TxLink](https://basescan.org/tx/0xb663dae50024a130895ac25cd64bbe527777731daa23909c32a71f41e80f968d); Jul-16-2024 08:50:35 PM +UTC: Funding ([0xD667F8e87311D9faC7911DEa36f628B3ac7d3FAA](https://basescan.org/address/0xd667f8e87311d9fac7911dea36f628b3ac7d3faa)) - GRIMDRAIN, amount 5 ETH * [TxLink](https://basescan.org/tx/0xeab98f3e3d9192ac5ad5a68f30ec021ddf41ccb62e451c958c9cb2191e7b0e52); Jul-16-2024 08:50:43 PM +UTC: Funding ([0xf56a2fEB6AE061C02388A0Ad0c71ce1a3d42f41e](https://basescan.org/address/0xf56a2feb6ae061c02388a0ad0c71ce1a3d42f41e)) - TRASHMAN\_01, amount 0.49 ETH * [TxLink](https://basescan.org/tx/0x7842647248dc50df4d1d615bded5b391de556fa0e47ba3d9a199cf74dd4f6921); Jul-16-2024 08:50:51 PM +UTC: Funding ([0x980fA57ec336BE9CEE896B318Be4F3f023304817](https://basescan.org/address/0x980fa57ec336be9cee896b318be4f3f023304817)) - TRASHMAN\_02, amount 0.49 ETH * [TxLink](https://basescan.org/tx/0xc73cd4527b536b2d684c81205e01bf6147babcac57b9586cf2d5ac08384be53a); Jul-16-2024 08:50:59 PM +UTC: Funding ([0xA546116Af1d960BB75A38AE74c3FC5adB3d49b9b](https://basescan.org/address/0xa546116af1d960bb75a38ae74c3fc5adb3d49b9b)) - TRASHMAN\_03, amount 0.49 ETH * [TxLink](https://basescan.org/tx/0x9256d76a777cfbb35936fc83a560c38f2ae4f4824edb5fc1b5ca0ef66af2b4d4); Jul-16-2024 08:51:05 PM +UTC: Funding ([0x29ACE42B7F37dc7Eb5e7Fb2cCc386046B2B91e95](https://basescan.org/address/0x29ace42b7f37dc7eb5e7fb2ccc386046b2b91e95)) - TRASHMAN\_04, amount 0.49 ETH * [TxLink](https://basescan.org/tx/0x61a8fcb8fa57cefdcaa7311d0805280817232155342ec2fd536bb0f3f10811c5); Jul-16-2024 08:51:09 PM +UTC: Funding ([0xaD45A78D95e2eD7a1f93471FE77e23383614bC4F](https://basescan.org/address/0xad45a78d95e2ed7a1f93471fe77e23383614bc4f)) - TRASHMAN\_05, amount 0.49 ETH * [TxLink](https://basescan.org/tx/0xce7d127bf4de7aec3c21c694b64f8f3439c0eb528c8279715fdaaea00f01f649); Jul-16-2024 08:51:13 PM +UTC: Funding ([0x637069845c3D4Bf84f8d6BBa772FE41A37931880](https://basescan.org/address/0x637069845c3d4bf84f8d6bba772fe41a37931880)) - TRASHMAN\_06, amount 0.49 ETH * [TxLink](https://basescan.org/tx/0x91d6313da628aad3799866edf5ac03f65d85bb0c5f9e30f2dd8684279b1edc7d); Jul-16-2024 08:51:21 PM +UTC: Funding ([0x348c559fd0712DC7EAB72C9793E61FEDc86150A5](https://basescan.org/address/0x348c559fd0712dc7eab72c9793e61fedc86150a5)) - TRASHMAN\_07, amount 0.49 ETH * [TxLink](https://basescan.org/tx/0x8cb48b8b1e41be78dbe043653bf86381a782c6b9f393e73e1200166c955455e0); Jul-16-2024 08:51:29 PM +UTC: Funding ([0x558d012b327f649C6Dffec2cd663e255A009888e](https://basescan.org/address/0x558d012b327f649c6dffec2cd663e255a009888e)) - TRASHMAN\_08, amount 0.49 ETH * [TxLink](https://basescan.org/tx/0xafb30a9aa1245b3969ca5f42a12b739a79c03e1624f9125febf26f373d51ae56); Jul-16-2024 08:51:41 PM +UTC: Funding ([0xA4c87e94780cF7b2B84d8823F0d20582c9aA564d](https://basescan.org/address/0xa4c87e94780cf7b2b84d8823f0d20582c9aa564d)) - TRASHMAN\_09, amount 0.49 ETH * [TxLink](https://basescan.org/tx/0x4c7ad9dfa2dda6179561d494f64278b2e8711956b396593b223196de3cd1de6f); Jul-16-2024 08:51:49 PM +UTC: Funding ([0x4307EFD40FD32819966C18d2c4b39d288de4e579](https://basescan.org/address/0x4307efd40fd32819966c18d2c4b39d288de4e579)) - TRASHMAN\_10, amount 0.49 ETH
### Setup With wallets funded, the token and pool creation is done. The main CEO here is GRIMDRAIN: * [TxLink](https://basescan.org/tx/0x3e8b14beaaad6b26225821a5b0549d12e5f2223d5ad3feed81a3deb750a7f4db); Jul-16-2024 08:51:59 PM +UTC: Plops down another token, in this case KOBE ([0xB26c57c1875522360734A618A858F7AB59BE228f](https://basescan.org/address/0xb26c57c1875522360734a618a858f7ab59be228f)) * [TxLink](https://basescan.org/tx/0xe713bcb0b6af2de6ac4669b4dc6ef3fb62e7f24d18ee4ae91b856417c6cf24e4); Jul-16-2024 08:52:33 PM +UTC: Creates the sewage pool ([0x08CE86385cA47ccFBbEF1BB9e3993016015E17ea](https://basescan.org/address/0x08CE86385cA47ccFBbEF1BB9e3993016015E17ea#tokentxns)) with this token and adds liquidity to it.
### Token’s Life Now come the TRASHMEN. They make a trade or two to pump some life into this token, hoping to entice victims to buy in. [Transactions Link](https://basescan.org/address/0x08CE86385cA47ccFBbEF1BB9e3993016015E17ea#tokentxns)
### Drainage A simple rug-pull is executed after a victim buys in and money is taken out. * [TxLink](https://basescan.org/tx/0xe8c3810273cd06f090acdcfce17abdca83a61b7f40e67af94e89a6bdd510fcc9); Jul-16-2024 08:56:47 PM +UTC: Victim buys the token * [TxLink](https://basescan.org/tx/0xc623e8417e1f0fcd1d5a897ce7b1be4ee5c802ee29359e483a4b451f86fd2801); Jul-16-2024 08:57:17 PM +UTC: GRIMDRAIN executes a rug-pull
### Cleanup After the rug-pull is done, the token is dead and abandoned. After some days (in KOBE’s case it was around 20 days later) another smart contract ([0x932ef0cFF81cBe6A71FC0A93Dd04aDCA4f18a7fB](https://basescan.org/address/0x932ef0cff81cbe6a71fc0a93dd04adca4f18a7fb)) is called ([TxLink](https://basescan.org/tx/0xa8c50289a4d27fe578c942868765b4530c1d4b1b2f93afc33cb11f020546fad8)) that buys a very small amount of this token. Since there is almost no liquidity, the price is shot up. This contract buys many scam tokens in the same transactions, pumping their prices so they look better retrospectively. After the scam is finished, all the TRASHMEN and GRIMDRAIN send the remaining funds back to SEWAGE\_PLANT, and the scam is immediately repeated.
## Tx Cost comparison: Base v. Ethereum Let's finish things up by comparing the transaction fees a single scam costs him and the fees such a scam would cost on Ethereum. ### Base costs **Funding round - Total: $0.007799:** * 11 transfers. Where one transfer costs: * 0.000000205861007807 ETH, or * $0.000709, estimated cost on the day of tx **Setup - Total: $0.112903 :** * Token creation and approval: * 0.000009434 ETH, or * $0.031487, estimated cost on the day of tx * Pool creation and approval: * 0.000023613 ETH, or * $0.081416, estimated cost on the day of tx **Token’s life - Total: $0.03559 :** * 10 Trashmen making transactions. Let’s assume each of them only makes one transaction. * 0.0000010326051324 ETH, or * $0.003559, estimated cost on the day of tx **Drainage - Total: $0.009555:** * Removing liq. and executing the rug-pull * 0.00000277265538106 ETH, or * $0.009555, estimated cost on the day of tx **Cleanup - Total: $0.007799 :** * 11 transfers back to sewage plant, where 1 transfer costs: * 0.000000205861007807 ETH, or * $0.000709, estimated cost on the day of tx **TOTAL COST: $0.17 (on Base)** ### Ethereum costs **Funding round - Total: $12.54 :** * 11 transfers. Where one transfer costs: * 0.0003353580413568 ETH, or * $1.14, estimated cost on the day of tx **Setup - Total: $106.77 :** * Token and Pool creation: * 0.03151631082103768 ETH, or * $106.77, estimated cost on the day of tx **Token’s life - Total: $35.50 :** * 10 Trashmen making transactions. Let’s assume each of them only makes one transaction. * 0.00103193829507267 ETH, or * $3.55, estimated cost on the day of tx **Drainage - Total: $14.55 :** * Removing liq. and executing the rug-pull * 0.004295774999644624 ETH, or * $14.55, estimated cost on the day of tx **Cleanup - Total: $12.54 :** * 11 transfers back to a sewage plant, where one transfer costs: * 0.0003353580413568 ETH, or * $1.14, estimated cost on the day of tx **TOTAL COST: $181.9 (on Ethereum)** ### Sumup With costs for running a scam being 1000x cheaper on Base than on Ethereum, it is no surprise that automated scammers have moved to L2s, flooding them with shitcoins. # Tokenomics Tokenomics, the fusion of "token" and "economics," refers to the study of how cryptocurrencies are designed, created, and managed. In this section, we'll delve into tokenomics and its effects. ## What is Tokenomics? Tokenomics encompasses everything that influences a token's value, including token creation and distribution, token burn schedules, and incentive mechanisms. These factors can be grouped into two main categories: supply and demand. A project may be excellent, but it can be a poor investment if its token has unfavorable tokenomics. Tokenomics can be divided into two main parts: Supply and Demand. Let's explore them. ## Supply ### Understanding Supply in Tokenomics Supply refers to the number of tokens, with circulating supply representing the number of tokens publicly available in the market, and max supply indicating the maximum number of tokens that will ever exist. Once the maximum supply is reached, no new tokens should be minted or mined. ### Key Aspects of Token Supply: 1. Circulating supply: The number of tokens currently available in the market. 2. Max supply: The maximum number of tokens that will ever exist. Once the maximum supply is reached, no new tokens should be minted or mined. 3. Allocations: Token allocations describe the distribution of the initial token supply among various parties, including team members, early investors, and the community. Token allocation is important because it can impact initial token prices, vesting periods and potential token dumps. 4. Supply schedule: A token's supply schedule outlines when new tokens are released into the market. Understanding a token's supply schedule is essential, as unlocked tokens can lead to increased supply, lowering the token's price. Additionally, tokens held by early investors may be sold, causing a price drop. ### How to Find a Token's Supply, Allocations, and Supply Schedule: Several tools are available to find a token's supply, allocations, and supply schedule, including: 1. CoinGecko: CoinGecko offers data on various cryptocurrencies, such as supply, circulating supply, max supply, allocations, and supply schedules. To find this information, search for the crypto project and click on the "Tokenomics" tab. 2. Token Unlocks: Token Unlocks provides information on token supply schedules and unlocks. ### Case Study: Axie Infinity's SLP Axie Infinity is a popular game in which players can earn SLP tokens by battling other players with their team of three Axies. The game introduced a method that allowed anyone to start earning money without investing anything. However, the SLP token had an infinite supply and no actual reason to hold onto it, resulting in rapid inflation and a decline in its price. ### Why Does Supply Matter? Supply affects a token's price. Generally, low supply leads to price appreciation, while high supply leads to price depreciation. For instance, if you bought a Crypto Punk (a limited collection of 10,000 unique digital art pieces) and the creators minted 20,000 more, the value of each individual piece would decrease due to the increased supply. This was an example with NFT, but the same concept applies to tokens. ### Factors Affecting Token Supply: When evaluating a token, consider the initial allocation distribution between the team, early investors, and the community. Early investors often buy tokens at much lower prices than the general public and have a vesting period during which they cannot sell their tokens. When these tokens are unlocked, they can be dumped on the market, affecting the token's price. ### When are Tokens Supplied and Unlocked? Generally speaking, the initial supply of a crypto token is determined at the time of its creation, and the tokens are typically made available through an initial coin offering (ICO) or initial token offering (ITO) event. After the initial supply has been distributed, subsequent token supply can be generated through various mechanisms, such as mining or staking rewards. The unlocking of tokens typically refers to the release of tokens that have been subject to a lock-up period, during which they are restricted from being traded or transferred. This lock-up period can be imposed by the token issuer or the platform that the token is traded on. ### What is Vesting Period? A vesting period in the crypto world refers to a predetermined length of time during which tokens or assets are gradually released to their recipients. This mechanism is commonly used in the distribution of tokens to founders, team members, or investors, ensuring that they remain committed to the project over an extended period. By staggering the token release, the vesting period helps prevent sudden token sell-offs that could negatively impact the market price, promoting long-term stability and growth for the project. ### What is Token Dump? A "token dump" in the crypto world refers to a situation where a large number of tokens are suddenly sold off in the market by one or more holders. This often leads to a rapid decrease in the token's price due to an oversupply compared to the current demand. Token dumps can be caused by various factors, such as the end of a vesting period, panic selling, or market manipulation. The sudden influx of tokens for sale may result in a temporary or long-term decline in the token's value and can impact investor sentiment and confidence in the project. ## Demand ### What is Demand? Demand refers to how much of a token people want and the reasons behind their desire for it. Imagine you have something that everyone wants; that thing has high demand. In the world of cryptocurrencies, the reasons people want a specific token can vary, and we'll cover some of these reasons in this section. ### Why does demand matter? Demand is essential because it works hand-in-hand with supply to determine a token's price. If people want more of a token but there's not enough available, the token's price will likely go up. On the other hand, if people don't want a token, its price might go down. So, when there's high demand, the token's price appreciates, and when there's low demand, the price depreciates. ### What affects token demand? Some factors that can affect the demand for a token include: a) Yield: Holding a token can generate income, known as yield, making it more attractive to investors. Yield can come in two forms: i) Inflationary yield: This type of yield comes from new token emissions. ii) Real yield: This type of yield comes from the revenue generated by a crypto project, which is then shared with token holders. b) Utility: If a token has utility or a use case, it means it can be used for specific actions on a project's protocol, network, or application. The more uses a token has, the higher its demand. c) Governance rights: Some tokens give their holders the right to vote on changes to a project. People who want to influence these decisions will buy these tokens. ### Estimating demand To estimate the impact of yield, utility, and governance rights on token demand, consider the following questions: a) Yield: i) What is the token's annual percentage rate (APR)? Higher APRs are more attractive, and demand should increase with the APR. ii) What percentage of tokens are currently staked for yield? More tokens locked for yield means more tokens are out of circulation, but also means revenue is shared among more token holders, potentially decreasing the APR and demand. b) Utility: i) What is the token's use case? Demand for the token will depend on the demand for its use cases. ii) How many daily users does the application have? Demand for a token with utility is proportional to the number of people using the token's utility. c) Governance rights: i) What type of changes are in scope? Demand for a token depends on the potential changes that can be made through governance votes. ii) Are token holders using their votes, or are they apathetic? If token holders don't participate in governance proposals, demand might be low. ## Advanced Considerations For a more advanced analysis of a crypto project's tokenomics, consider the following factors: 1. Token's launch: Was the token pre-mined or released on fair-launch? 2. Emission rates: Is it inflationary, deflationary, or fixed? 3. Buy and sell taxes 4. Token buybacks ## Conclusion Understanding tokenomics is crucial for anyone looking to invest in cryptocurrencies. By examining a token's supply, allocations, and unlock schedule, you can make more informed decisions about the potential value and risks associated with a particular crypto project. Remember, a great project can still be a bad investment if its token has poor tokenomics. Always conduct thorough research before investing in any cryptocurrency. # Presales ## What are presales? Presales are a way for projects or protocols to raise money for their team by giving people tokens in exchange for their money or other valuable things. The money they get from presales is used to pay for things like making their product better, paying their team members, and advertising it. There are many types of presales. ### Types of presales * Pre-seed (This type of presale is conducted very early in the development process, and the investors who participate in it are taking on the highest amount of risk. However, if the project is successful, they also stand to gain the highest returns) * Friends & Family (This type of presale is often limited to close friends and family members of the project team, and is usually conducted before any outside investment is sought. It is considered an "insider" round of funding.) * Seed (Seed rounds are conducted after the pre-seed stage, and typically involve outside investors. The risk is still high at this stage, but the potential returns are also significant.) * Private Presale (Private presales are similar to seed rounds, but they are conducted on a more exclusive basis, typically limited to a select group of larger investors or institutional investors. This round is often considered an "insider v2" round.) * Public Presale (Public presales, also known as ICOs (Initial Coin Offerings), are open to the general public and are often heavily promoted to retail investors. They can be risky, but also have the potential for significant returns.) * Series ABC (Once a project has gained some traction and has a proven track record, it may conduct multiple rounds of funding known as Series A, B, and C. These rounds are typically less risky than earlier rounds, but also offer lower potential returns.) Since most of us peasents have acess only to Publc and ABC presales, we are going to dive into them. ## Public presale Public presales can also be divided into multiple types ### Fixed Price No Limit token sale A predetermined number of tokens is sold at a set price, with no cap on the amount that can be raised. However, many projects still choose to set a softcap, which is the minimum amount of funds that must be raised in order for the project to move forward. If the softcap is not met, the project may be cancelled, and investors will be refunded their contributions. This mechanism helps to ensure that the project has enough funding to at least get off the ground, but still allows for the potential to raise more if demand is high. Despite this, Fixed Price No Limit sales are often associated with low-quality projects looking to make a quick profit. ### Fixed Price Soft+Hard Cap This is a type of token sale where a minimum and maximum target of funds to be raised is set. If the minimum target is not met, the presale is cancelled, and investors are refunded. The presale is closed when either the minimum target is not reached, or the maximum target is filled. The tokens are sold at a fixed price, with a predetermined amount available for sale. ### Overflow Overflow, a type of token sale where there is no hardcap, but a fixed amount of funds to be raised. Tokens are allocated based on the percentage of the pool of raised funds that each investor contributes. The more money an investor commits, the more tokens they receive. Any funds that are not spent are returned to investors. ### NFT Airdrops An NFT Airdrops token sale, NFTs are sold, which may give investors a future reward. This type of sale is often used by NFT projects. NFTs with use cases are a good sign, and can also be staked to earn platform fees or royalties. ### Platform IDOs In a Platform IDOs token sale, a project raises funds on a platform that may require investors to hold the platform's token to receive an allocation. Some platforms take a percentage of the tokens or funds raised from the project team. ### ITOs (Treasury Swaps) ITOs (Treasury Swaps) are a method of raising funds where certain whitelisted tokens are swapped for a project's token. This approach allows for the use of a variety of tokens in the sale. The whitelisting process provides a level of vetting for the tokens used in the sale. There have been recent Initial Token Offerings (ITOs) that accept multiple cryptocurrencies for investment. For example, one ITO allowed the use of $USDC, $CRV, $BAL, $FXS, and $SDT, while another ITO called PepesGame allowed the use of $PLS and $USDC. ### Duct Auctions Dutch Auctions are a method for selling tokens where the price starts high and gradually decreases over time until all tokens are sold. Typically, the auction involves 99% of token A and 1% of USDC or ETH, and this ratio gradually reduces until all participants have made their investment. In simple terms, the idea is to create a sense of urgency among investors to purchase tokens by gradually reducing the token price. This strategy has gained popularity in recent times, as it is considered an efficient way to distribute tokens and create liquidity for new projects. **Why would anyone buy early**? ### Dynamic pricing is a method for determining the token price based on the level of demand during a presale. The idea is that as more people invest in the presale, the token price may increase due to the increased demand. However, in dynamic pricing, everyone who invests during the presale gets in at the same price. The only thing that changes is the Fully Diluted Valuation (FDV) or Market Capitalization (MC) and the final token price. This means that early investors will not get a better price than those who invest later, but the value of their investment may increase if the token price goes up due to increased demand. ## Instructions * Determine vesting schedules: * a. Ask about the vesting schedules for the coin. * b. Calculate how much the coin's value must increase after launch to break even on unvested bags. * Compare valuations and vesting schedules: * a. Find out the valuations from other rounds, like private sales. * b. Ask about their vesting schedules. * Assess liquid tokens on launch: * a. Identify who has liquid tokens during the launch. * b. Consider if they will sell and why they might (or might not) do so. * Investigate OTC buyers for vested tokens: * a. Check if there are any Over-The-Counter (OTC) buyers for vested tokens. * b. If so, find out the rates they are considering. * Evaluate the token and its valuation: * a. Determine if the token's valuation makes sense if the product is not live yet. * b. If the product is live, compare its metrics to other projects to assess if it is overvalued. * Watch out for extra fundraising rounds: * a. Check if the team keeps opening extra rounds like Satin Exchange. * b. If so, be cautious and consider avoiding the investment. ## Conclusion In conclusion, presales play a crucial role in helping projects and protocols raise funds to develop and promote their products. These fundraising events involve the exchange of tokens for money or other valuable assets, and the funds raised are utilized for various purposes, such as product development, team compensation, and marketing. There are several types of presales, including Pre-seed, Friends & Family, Seed, Private Presale, Public Presale, and Series ABC. However, the focus here has been on Public Presales and Series ABC, as they are more accessible to a broader range of investors. Public Presales can be further categorized into various types, such as Fixed Price No Limit token sale, Fixed Price Soft+Hard Cap, Overflow, NFT Airdrops, Platform IDOs, ITOs (Treasury Swaps), Dutch Auctions, and Dynamic pricing. Each type has its unique structure, mechanics, advantages, and disadvantages. The risks and potential rewards associated with each type of presale vary, so it is essential for investors to analyze and understand them before making any investment decisions. By evaluating each type of Public Presale based on one's risk tolerance and investment goals, investors can make informed decisions and choose the most suitable type(s) of presale for their investment strategy. As the cryptocurrency and blockchain space continues to evolve, it is crucial for investors to stay informed and adapt to the changing landscape to maximize their chances of success in this rapidly growing industry. # Liquidity Tutorials and guides. * [Liquidity pools](/guides/blog/liquidity/liquidity-pools) # Liquidity pools Liquidity pools are crucial for peer-to-peer trading in decentralized finance (DeFi). Here’s everything you need to know about how they work. **A liquidity pool is a group of tokens that are locked in a smart contract and used for trading between assets on a decentralized exchange (DEX) like Uniswap.** Each liquidity pool is a trading venue for a pair of ERC20 tokens. In traditional finance, liquidity is organized using a central limit order book where buyers and sellers create orders (trade) organized by price and demand. The Uniswap Protocol takes a different approach, using an **Automatic Market Maker (AMM)** to replace the traditional order book method with a liquidity pool of two assets, where an AMM determines the price. > **Automated market maker (AMM)** algorithms in the contract determine the price of each token and adjust prices in real time depending on supply and demand. This ensures that the supply of each token in a pool is always in proportion to the other tokens in the pool. ### Initial liquidity When a pool contract is created, the balances of each token are 0. In order for the pool to begin facilitating trades, someone must seed it with an initial deposit of each token. This **first liquidity provider** is the one who sets the initial price of the pool. {% hint style="info" %} They are incentivized to deposit an equal value of both tokens into the pool. If the first liquidity provider deposits tokens at a ratio different from the current market rate, this immediately creates a profitable arbitrage opportunity, which is likely to be taken by an external party. {% endhint %} ### LP tokens (Liquidity pool tokens) When a user deposits tokens into a pool, they receive an ERC20 token representing their share of the pool, called a **liquidity token**. This token is **minted** when the user deposits and **burned** when the user withdraws. The **balance of the liquidity token** represents the user’s **share of the pool**. > As liquidity tokens are themselves tradable assets, liquidity providers may sell, transfer, or otherwise use their liquidity tokens in any way they see fit. ### Important for traders It is important to evaluate the **liquidity available in a pool before swapping**. A pool with low liquidity will not give you an optimal price and could potentially result in a loss. Some advice for traders: * Seek out pools that have a high trading volume and a significant amount of liquidity; * Checking to see whether the liquid asset pool is supported by a strong developer community and has an active user base; Once assets have been added to a liquidity pool, they are controlled by a smart contract. If a malicious actor gains access to a smart contract that controls a liquidity pool, they may be able to steal all the funds in the pool. ### Blokiments metrics and filters Blokiments app can help you to find the best liquidity pools for your trading strategy. You can use filters to find the best pools and metrics to evaluate them. #### Filters * `Liquidity in USD` filter - you can filter pools by the amount of liquidity in USD. This filter is good to be more than $80,000. * `Liquidity Change in USD` filter - the change of the liquidity in the pool in the last 1, 7, 30 days. Try to find pools with a positive change in liquidity (1d interval works well for new tokens). This means that the pool is growing, and more people are using it. {% hint style="success" %} **Pro tip**: Sort the results by `Blokiments Score` to find the best pairs. {% endhint %}

The filter configuration in the Blokiments app.

Metrics * `Initial Liquidity` metric - In the detail view for the pair, under the liquidity section, you can find the amount of liquidity added by the creators of the analyzed pairs. ### Sources * [Uniswap Pools](https://docs.uniswap.org/contracts/v2/concepts/core-concepts/pools) * [What is a liquidity pool?](https://support.uniswap.org/hc/en-us/articles/8829880740109-What-is-a-liquidity-pool-) * [Liquidity Pool (DeFi Liquidity Pool)](https://www.techopedia.com/definition/liquidity-pool-defi-liquidity-pool) * [What Are Liquidity Pools?](https://www.coindesk.com/learn/what-are-liquidity-pools/) * [What are liquidity pools in DeFi?](https://www.moonpay.com/learn/defi/what-are-liquidity-pools) # Getting Slipped? Or getting MEV’d? Have you ever encountered the term MEV bot or slippage? This post will explore what these terms mean and how they work. ## What Are MEV Bots? MEV, or Maximum Extractable Value bots, are automated programs designed to identify profitable opportunities within a blockchain’s transaction pool (mempool) and reorder, insert, or front-run transactions to extract value. These actions are often malicious and harm the original transaction sender. ## **How do MEV Bots Work?** 1. **Arbitrage:** MEV bots scan decentralized exchanges (DEX) for price discrepancies between different platforms and capitalize on arbitrage opportunities. If the price of a token is lower on one DEX and higher on another, the bot will buy low and sell high in a single transaction, capturing the difference. This is generally not malicious because it helps tokens keep the same price across all exchanges. 2. **Front-Running:** MEV bots monitor the mempool (where unconfirmed transactions are visible) for large trades that might impact market prices. The bot can then front-run these trades by submitting a similar transaction with a higher gas fee, ensuring it gets processed before the original one, thus potentially making the original transaction invalid. By doing so, the bot gets all the benefits of the executed transaction. 3. **Sandwich Attacks:** These are more malicious tactics. Sandwich attacks occur when the bot sees a large trade that will move the price of an asset significantly. The bot places one trade just before (buy) and one trade just after (sell) the large trade. As a result, it profits from the price swing while negatively impacting the original trader. ## **Why MEV Bots Matter** For miners or validators, MEV presents an opportunity to extract additional profits. However, for regular users, MEV bots can be problematic. When MEV bots front-run or executes sandwich attacks, they create a less predictable and often more costly trading experience. Traders can lose out on profits or pay more for a token than anticipated. ## What is Slippage? Slippage refers to the difference between the expected price of a trade and the actual price at which the trade is executed. In volatile markets, where token prices can change rapidly, slippage is a common occurrence, especially when large orders are involved or liquidity is limited. **Causes of Slippage** 1. Market Volatility: In decentralized markets, token prices can fluctuate significantly within seconds, particularly when large trades are executed. If a trade is initiated at a given price but completed at a later block, the price might change, causing slippage. 2. Mev Bots: Bots increase the slippage by front-running your transaction or by sandwiching it. 3. Execution Delays: On blockchain networks, transactions are not instantaneous. A delay in processing, particularly when the network is congested, can result in a different price by the time the transaction is mined, leading to slippage. **Minimizing Slippage** * Setting Slippage Tolerance: Many DEXs allow users to set a slippage tolerance, which limits how much price movement is acceptable for their trade. If the price moves beyond this threshold, the trade will fail, preventing the user from making an unfavorable trade. * Trading in Low Volatility Periods: Waiting for times of lower market volatility or trading assets with higher liquidity can help minimize slippage. * Smaller Trades: Breaking large trades into smaller chunks can reduce the impact on the price of a token, thus minimizing slippage. ## How MEV Bots and Slippage Interact MEV bots can abuse slippage, particularly through tactics like front-running and sandwich attacks. Here’s how: 1. Front-Running and Slippage: When a user submits a trade, an MEV bot can spot this in the mempool and submit a similar transaction with a higher gas fee, causing the user’s trade to execute later at a worse price, thus increasing slippage. The user expected to trade at a specific price, but due to the bot’s manipulation, the actual price at execution is higher. 2. Sandwich Attacks and Slippage: In a sandwich attack, the MEV bot places a buy order right before a large trade, driving up the price. Then, after the large trade completes (at a higher price due to the bot’s initial buy), the bot sells, locking in a profit. This leaves the user facing increased slippage, often paying more for the trade than expected. **Sandwich attack example 1:** In this example, a smaller sandwich attack happenened. One might say that it is unsuccessful one. MEV Buy: [Ethereum Transaction Hash (Txhash) Details | Etherscan](https://etherscan.io/tx/0xdd0790b8d8a0263d0b412e03f7b2f5d57609e678343263386166f8b850875c3a) - transaction index 10 VICTIM Buy: [Ethereum Transaction Hash (Txhash) Details | Etherscan](https://etherscan.io/tx/0x7009c0d8e52a4f71230733fc93548f68f4c4a233a1d7de95808225e28667c934) - transaction index 11 MEV Sell: [Ethereum Transaction Hash (Txhash) Details | Etherscan](https://etherscan.io/tx/0x68a139327c4db7bdd6a2cd25724adb628adff05b9a1fed21cb4ba563b4591368) -transaction index 12 In this case, the victim purchased [$ICP](https://blokiments.com/detailedView/ethereum?pairAddress=0x000dd0b1528a396c6ea2e09796a7b4a534e9e37b) for 0.382 ETH. Before this transaction, a MEV bot executed a buy order for [$ICP](https://blokiments.com/detailedView/ethereum?pairAddress=0x000dd0b1528a396c6ea2e09796a7b4a534e9e37b), spending 0.09915 ETH. The bot then sold all the $ ICP in a subsequent transaction for 0.10035 ETH, resulting in a profit of 0.0012 ETH (approximately $3). This profit, however, does not seem to cover the high transaction costs on Ethereum. It's likely that this was either a test run of the MEV bot or the bot wasn't functioning optimally, as the low buy amount kept slippage minimal, which ultimately protected the victim. **Sandwich attack example 2:** In this second example, we encounter a more harmful sandwich attack in which the MEV bot made a significant profit at the victim's expense. MEV Buy: [Ethereum Transaction Hash (Txhash) Details | Etherscan](https://etherscan.io/tx/0x768c8a5851012dab5fd953e5b00a2a8e844437f5261074dcd385927bc1ac48de) - transaction 14 VICTIM Buy: [Ethereum Transaction Hash (Txhash) Details | Etherscan](https://etherscan.io/tx/0x9a8540a185d758df510d4ce6c356f9866cc0dc2b7e1254e6865f68fc43449175) - transaction 15 MEV Sell: [Ethereum Transaction Hash (Txhash) Details | Etherscan](https://etherscan.io/tx/0x7bac7d7bf0dfbff20c75b6c02e3298eab28428ed4174059bf6a47847aaf744aa) -transaction 16 In this case, the victim purchased [$HACHI](https://blokiments.com/detailedView/ethereum?pairAddress=0x006ab11e89e7246cb8c0f7bdaa8c2713374b1676) for 0.4995 ETH. Before this transaction, an MEV bot executed a buy order for [$HACHI](https://blokiments.com/detailedView/ethereum?pairAddress=0x006ab11e89e7246cb8c0f7bdaa8c2713374b1676), spending 1.8328 ETH. The bot sold all the [$HACHI](https://blokiments.com/detailedView/ethereum?pairAddress=0x006ab11e89e7246cb8c0f7bdaa8c2713374b1676) shortly after the victim's trade, selling for 1.8471 ETH. This resulted in a profit of 0.01429 ETH (33$) for the MEV, but if we didn't include the transaction fees. Unlike the first example, the profit here is much higher, indicating a more successful sandwich attack in which the victim faced higher slippage, increasing the cost of their transaction. ## Protecting Yourself Against MEV Bots and Slippage While MEV bots and slippage risks in decentralized finance, there are strategies and tools to mitigate their effects: 1. **Use of MEV-Protected Platforms:** Some DeFi platforms and solutions, such as Flashbots, aim to reduce the impact of MEV by allowing users to submit transactions directly to miners, bypassing the public mempool. This reduces the risk of front-running and sandwich attacks. 2. **Higher Gas Fees:** Offering higher gas fees can ensure that your transaction gets processed more quickly, reducing the window of opportunity for MEV bots to exploit it. 3. **Slippage Settings:** Setting a slippage tolerance on platforms like Uniswap or SushiSwap ensures that your trade doesn’t go through if the price changes too much, helping you avoid unexpected losses. 4. **Private Transaction Services:** Certain services allow users to submit transactions privately, preventing MEV bots from seeing them in the mempool. This can be a useful option when executing large or time-sensitive trades. # Smart Token Sniper Pew pew, let's look a smart sniper. ( -\_•)▄︻デ══━一 - - 💰💰💰💰 | / \\ Our smart money analysis found an Ethereum address that uses the Maestro bot to make good sniping profits. We will call this address [ASSASSIN](https://etherscan.io/address/0x991900e54e06e44ee933fcc419e44e253a8f51db) because he is very good at hitting profits. In a month (from 2024-07-27 to 2024-09-08) the assassin: * sniped 18 tokens * with a 77% success ratio * And made $8500 in pure profits. It was quite nice for one month using a sniping strategy. ## What is token sniping in crypto? **Sniping in crypto refers to a trading strategy where someone shoots their shoot on buying a newly launched token on a decentralized exchange (DEX) like Uniswap.** The liquidity is added at the moment, and trading becomes available, often within. Sniping aims to buy the token at the lowest price before the general public can, allowing the sniper to sell it later at a higher price for a quick profit. **How Sniping Happens:** 1. New Pool Launches: The price is lowest when a new token is listed on a DEX and liquidity is added. 2. Automated Tools: Snipers use bots or automated scripts to scan the blockchain and detect when the token's liquidity is added. This way, they can fire their transaction to submission within milliseconds, trying to outpace other sniping bots and regular human traders. 3. Profit: If the sniper manages to buy tokens at a very low price, he can make huge profits later when he sells them. **What Snipers Need to Do:** * Use Sniping Bot/script: The first tool in a sniper's arsenal is a specialized bot designed to monitor the blockchain for new pool launches/liquidity additions. Once the bot spots the right conditions, it automatically executes buy orders quickly to secure tokens before prices rise. * Track Liquidity Events: The bot constantly scans for liquidity being added to a token pool, ensuring it's ready to strike the moment the opportunity appears. * Prioritize Speed: Speed is everything in sniping. The bot must be fast enough to get as close as possible to the block producers (or builders), ensuring the transaction goes through at the earliest opportunity - ideally within the first block of the liquidity adding. * Pay Premium Gas Fees: Snipers often pay higher gas fees to "outpace" the competition. This ensures their transaction is processed sooner, giving them maximum advantage. The overall idea is that by getting in very early, snipers can benefit from low token prices and sell at a profit once demand increases. ## The true assassin As mentioned before, [ASSASSIN](https://etherscan.io/address/0x991900e54e06e44ee933fcc419e44e253a8f51db) made $8500 in approximately one month. His most successful trade was on a token [$SHEESH](https://blokiments.com/detailedView/ethereum?pairAddress=0x9c9573489bc5ed771af97f12180ec45c26c789e5). He bought it initially for $37 and sold it for $2500, a 6800% return on investment 🤯. He also successfully executed trades on other tokens, such as $SPOTTY, $HACHI, and 14 others. We need to emphasize that the liquidity on the tokens sniped is low, less than $5000, so even small buys or sells have a big impact on price. Also, most of the tokens are dead by now, and he made profits from initial price pumps. Here is a visual example of when he bought and sold the $[HACHI](https://blokiments.com/detailedView/ethereum?pairAddress=0x4c77eb65ceb6494f68720b306c2708b880953a6b) token:
1. He bought at the very beginning, 2. Sold most of it at the top 3. Later sold the rest ## What can we do about the assassin? The big question is, how exactly does the ASSASSIN know which token will have a pump, not be rugged, or not be a honeypot from the launch? On average, he buys a token every 2-3 days. 1. Maybe he does very good research or has some kind of advanced tool to do it. 2. He might have some insider information. 3. It is somehow a scam because it sounds too good to be true. To consistently make money on good snipes. We have not found any evidence that he would be performing a scam or collaborating with a scammer, so we can discard the c option. We are left with a or b or something else we did not consider. ## Copy trading? If you are like us, you want to make money from trading. Here, we can spot a copy trading opportunity. But there are some caveats: if it was that easy, everyone could copy-trade the ASSASSIN. One problem with copy trading for this case is that the price rises very fast, within seconds, and if your copy-trading script/bot is not fast enough, you could easily buy the super-inflated price by other sniping bots that also participate in the snipe-off on a token pool launch. The second problem is the bribes. The Maestro sniping bot (amongst others) pays good bribes to block builders to get their transactions in the first place. That means your transactions will come in later at a higher token price. ### But not all is lost Another potential strategy is to buy the token minutes after the ASSASSIN buys it, preferably after the inflated snipe price pump. This strategy does not yield the same returns as the assassins' sniping, but it has potential. We observed that more than half of the tokens he sniped in the following hours or days had a 100%—400% increase in price if you bought them minutes after the initial pump. The right strategy and further analysis are outside the scope of today's post, so it is up to you to do your research and build your own strategies. # Token Comparison Workflow What makes one coin more attractive than another? Let's see how can you compare two tokens. {% hint style="info" %} The two tokens were evaluated on 5/8/2024. The data presented here might differ if you check the tokens on our platform today. {% endhint %} Let's dive into the details using two tokens as examples: [MISSOR](https://blokiments.com/detailedView/ethereum?pairAddress=0x497257f669792cf075fe07c585a4eb01a0f27203) and [LNQ](https://blokiments.com/detailedView/ethereum?pairAddress=0x82b8ee01e63af40bec3cb555795d2a12c495ee23). {% hint style="danger" %} First of all, 🚨 **THIS IS NOT A FINANCIAL ADVICE**🚨 . We're not in any way connected to the two tokens discussed here; they were chosen randomly for educational purposes. {% endhint %} ## Token Comparison ### [**MISSOR**](https://blokiments.com/detailedView/ethereum?pairAddress=0x497257f669792cf075fe07c585a4eb01a0f27203) * **Market Cap:** $500k * **Blokiments Score:** 20 * **Description:** A coin with no real value. * **Website:** Not working * **Total Liquidity:** $50k * **Initial Liquidity:** 0.7 ETH * **Burned Liquidity:** 100% * **Social Media:** * [X](https://x.com/missor_erc): 89 followers (falling trend) * [Telegram](https://t.me/DontBeMissorAgain): The group is inactive. * **Security Metrics:** We have detected that the token has whitelisting and trading cooldown functions. These functions are not a direct sign of a scam, but malicious use of these functions could make the token a scam. * **Shillers:** A shiller group, ‘Dream calls 100x’ mentioned the token on 8/04/2024 as an “unknown token, with potential moon. DYOR.” The token was revived on 3 August 2024 after being dead since December 2023, so this is strange behavior. * **Trading Metrics:** There have been no changes in buyers or sellers for months, but there has been recent activity due to the price pump.
### [**LNQ**](https://blokiments.com/detailedView/ethereum?pairAddress=0x82b8ee01e63af40bec3cb555795d2a12c495ee23) * **Market Cap:** $30M * **Blokiments Score:** 85 * **Description:** Token connected to AI tools. * **Website:** [Working](https://linqai.com/) * **Total Liquidity:** $2.3M * **Initial Liquidity:** 62 ETH * **Locked Liquidity:** 98% locked, to be unlocked on 27/2/2025 * **Social Media:** * [X](https://twitter.com/linq_ai): 39,300 followers (increasing) * [Telegram](https://t.me/LinqAI): 6,200 members (increasing) * **Security Metrics:** Appear to be okay * **Listings:** BingX, MEXC, BitMart, Bitget * **Holder Metrics:** The largest address holds 6.69% of the supply. * **Trading Metrics:** Increasing number of buyers and volume in the last 30 days. * **Community**: Active Discord community
## Key Metrics Breakdown ### **Liquidity** Liquidity ensures that a token is tradable. You can have $100M worth of tokens in your wallet, and you might think that you are a millionaire. But if there is only $10k in the liquidity pool, then you can only sell around $5k worth of tokens (depending on the ratio of base and quote token in the pool). Congratulations, now you can be a “thousandaire.” Initial liquidity is usually a good indicator of “how serious the team is about the project”, but not always. Initial liquidity is the amount provided to a pool by the team once they make a token tradable. Locked and burned liquidity indicates that a team cannot perform a rug pull using liquidity. * MISSOR: $50k total liquidity with 100% burned. Initial liquidity was 0.7 ETH. * LNQ: There is $2.3M in total liquidity, with 98% locked for 6 months. The initial liquidity was 62 ETH. ### **Security** Security should speak for itself. If there are intentional malicious parts of code in a token's smart contract, we should not trade them at any cost. Scammers are getting smarter and smarter, so we need to keep up with detecting their evolving scam tactics. For now, to get the scam metric, we combine our internal scam detection with other providers. * MISSOR: Contains functions that control trading cooldowns and whitelisting, it could lead to a scam. * LNQ: Security metrics look okay with liquidity locks, and there are no immediate red flags. ### **Socials** Social metrics are important, as they show how engaged the project is on social platforms. The more recognizable the project is, the more people it will attract, and more money will flow into the token pool, which should increase the token's price. * MISSOR: There is very low engagement on social media. Twitter followers are decreasing, and the Telegram group is inactive. There is no website, but Shiller has seen recent activity. * LNQ: High and growing social media presence. Twitter followers and Telegram members are both increasing. ### **Trading** Trading metrics indicate a token's trading activity. If it is actively traded and has a lot of volume, it means that the token is interesting for traders. We can also use these metrics to observe price trends. * MISSOR: Poor trading metrics with no significant changes in buyers or sellers over months. Recent activity is likely due to artificial price pumps. * LNQ: Positive trading metrics with an increasing number of buyers and trading volume over the last 30 days. ### **Utility** The most important part of looking for a project that will last long is the project's utility. Why would I need a token that doesn't do anything? Memecoins are usually made just for laughs and making quick profits, without any use case other than buying before others buy and selling before others sell. On the other hand, some more established projects use tokens in their ecosystem that provide different services or use cases that would make me buy this coin for other reasons than just for price speculations. * **MISSOR**: A coin with no real value or utility. * **LNQ**: Connected to AI tools, indicating potential real-world utility. ## Key Takeaways in comparison 1. **Liquidity**: LNQ has significantly higher liquidity, which is mostly locked, suggesting a lower risk of rug pulls. 2. **Security**: LNQ shows better security metrics and no immediate red flags, unlike MISSOR, which has potential scam indicators. 3. **Socials**: LNQ has a strong and growing social media presence, whereas MISSOR’s presence is almost nonexistent. 4. **Trading**: LNQ’s trading activity is robust and increasing, while MISSOR’s is stagnant, with recent activity likely due to artificial influences. 5. **Utility**: LNQ has a clear utility as a coin connected to AI tools, whereas MISSOR is a coin with no real value. In conclusion, LNQ is a more attractive token based on liquidity, security, social presence, trading activity, and utility compared to MISSOR, which lacks in almost all these areas. Check the two tokens on our platform: * [MISSOR Details](https://blokiments.com/detailedView/ethereum?pairAddress=0x497257f669792cf075fe07c585a4eb01a0f27203) * [LNQ Details](https://blokiments.com/detailedView/ethereum?pairAddress=0x82b8ee01e63af40bec3cb555795d2a12c495ee23) # The Value of Merging On-Chain and Off-Chain Data in Token Analysis Combining on-chain and off-chain data is crucial for comprehensive token analysis, providing a fuller picture of market trends and project fundamentals. On 2024/09/19, we wanted to check a token with many holders. A common belief is that token holders equal more reputable and legitimate projects. So, we set filters to get newer tokens with many holders. We stumbled on [$META](https://blokiments.com/detailedView/base?pairAddress=0x29264ea5361ccbcbdea8268bb66788f7a8438852): * 100% Lp token burned * Security checks passing * It was created one month ago It has 120,918 Unique Holders, and the graph has some spikes in holders.

Strange spikes in number of holders.

Even the number of unique buyers is extremely high.
Despite having so many unique holders and buyers, it has only \~300 X followers.
And only \~180 Telegram members:
If you're active in crypto, this should immediately raise red flags. ## What Does It Mean to Have "120,000 Unique Holders"? When a token boasts thousands of unique holders, it suggests that the project has attracted many investors. This appeals to new buyers who might think, “If 120,000 people hold this token, it must be good, right?” But it's crucial to dig deeper into what these numbers truly represent. In some cases, projects can inflate their holder count through various methods, giving the illusion of mass adoption when, in fact, it is all fake. ## The Red Flag: Only 300 Twitter Followers? Here's the catch: Something is off if a project has hundreds of thousands of holders but only a few hundred Twitter followers. Social media engagement is a key indicator of community involvement and real-world interest. While there are possible discrepancies between the number of holders and social media followers, a gap of 120,000 holders vs. 300 followers is a red flag sign. Let's look at a few ways this discrepancy might occur: ### Fake Wallets and Bots One common tactic in the crypto world is the creation of fake wallets. This allows a project to artificially inflate its holder count by spreading a token across thousands of wallets, each holding a small amount. The project can then claim to have a high number of unique holders. In reality, these wallets could all belong to a single entity or a small group of people, doing nothing to create genuine value for the token. Projects can also use trading bots to artificially inflate their holder count and trading volume, creating the illusion of high demand and activity. These bots manipulate market metrics like holders, transaction volume, price stability, and liquidity, misleading investors into thinking the project is more successful than it is. When the bots stop, the market may lack real buyers, leading to price crashes. This kind of manipulation is designed to mislead potential buyers by making the project seem more popular than it is. If people see thousands of unique holders, they might assume it's a legitimate and successful project, prompting them to invest without proper research. ### Airdrops Airdrops are another way to boost the number of unique holders artificially. In this scenario, a project distributes free tokens to thousands of wallets (often bots) to give the impression of wide distribution. While airdrops can be a legitimate way to promote a project, they often result in wallets holding tokens without the real intention of engaging with or supporting the project. The holder count becomes inflated, but the actual level of interest and engagement is nonexistent. ### MEV bots and external trading bots Both external MEV bots and external trading bots contribute to an illusion of having holders, masking the true demand for a token. Investors should know these tactics and analyze whether market activity is genuine or driven by automated bots. **Be cautious of projects with high volumes but limited real-world engagement or participation from the broader community.** Usually, these types of holder inflation are not meant to be malicious by the token creator but a by-product of these external trading activities. ## How to Protect Yourself: Always DYOR (Do Your Own Research) The best defense against falling for these tricks is to do your own research. Here are a few steps you can take to protect yourself from projects with fake metrics: * **Check Social Media Engagement**: If a project has thousands of holders but little to no social media presence, that's a red flag. Genuine projects will have active, engaged Twitter, Discord, and Telegram communities. * **Look at On-Chain Activity**: Use blockchain explorers to see how tokens are distributed. It could be a sign of manipulation if you notice many wallets holding only a few tokens with little or no activity. * **Examine the Community**: Visit the project's social media channels, read their posts, and see how people interact with them. Are there discussions? Are users asking thoughtful questions? A healthy project will have an engaged and supportive community. * **Question Tokenomics**: Does the token have a clear use case and demand? Projects that exist solely to pump their token price or artificially inflate metrics often lack strong fundamentals. * **Check Development Progress**: A project that consistently improves and releases updates is a good sign. If the team does not regularly update, that's another potential red flag.
# The bad, worse, and the worst Today, we are going to show you three interesting tokens that went undetected as honeypots and managed to drain money from buyers. Before the tokens were drained, they had some decent-looking price actions and statistics that might go unnoticed as a scam to an inexperienced token trader. ## First token: [$MEMEFI](https://blokiments.com/detailedView/base?pairAddress=0x4816b0c0c2cb46623cd8c1ad39ebd8069e16d120) Before it was drained, it had 225k USD liquidity. Such liquidity could easily deceive you into thinking a project with such liquidity is legitimate. But there was no information about liquidity locks, so you might be cautious here. The price action was decent, with a potential to grow. But sadly, this was a scam.
## Second token: [$CARV](https://blokiments.com/detailedView/base?pairAddress=0x470c6aa2a7c024c7485a95a4202ef65b7711be70) But the following token, $CARV, was a bit more sneaky; it had 188k USD in the liquidity pool, and of that, 100% was burned. It would seem that it is pretty legit. Also, the price action looks very like an uptrend. But if you inspect it closely, there is something a bit off. Almost every buy candle has a sell candle following it. It looks very unnatural, and indeed it was unnatural. This coin is also a honeypot with a fake, inflated price. Ultimately, the scammer drained the pool by selling all the tokens using a hidden mint.
## Third token: [$CATS](https://blokiments.com/detailedView/base?pairAddress=0x40b56dff75d2161c26ff3b612c7f93cdfb894713) The same goes for the $CATS token, which had 293k liquidity and is 100% burned. Again, we have the uptrend graph with sell candles following buy candles. It looks just too good to be true. And sure enough, it was a honeypot. Again, the scammers ran away with traders' money.
We need to mention that All the coins had faked the social data. They had Twitter, Telegram, and website links to legit projects, while they were actually “knock-offs.” So that was another red flag. {% hint style="info" %} We are in the process of implementing a system to detect such projects. {% endhint %} ## The scam And the biggest red flag: In one of our previous posts, we warned you about the `_transfer()` function of the token's smart contract. We said to check the smart contract for any suspicious or unnecessary complicated code. Well, we could apply the same rule here for these three tokens. They ALL had similar-looking \_transfer() function codes. But the following part is from the CARV token, specifically [LINK TO CODE](https://basescan.org/token/0xcB8790de7edc9AC06674eF42dFF1A341f0dB82D9#code):
This is a transfer function. What is even that “gibberish”? They intentionally used weird formatting and random variable names to confuse you into thinking, “Maybe it is legit.” We will not even go into the details here because no sane and legitimate contract would make such complicated, unformatted code. **IF YOU SEE THAT, RUN AWAY.** Another thing that we noticed is that these three tokens might be linked together somehow because they all used the same tactics: * Make a knock-off name of a real token. * Deploy the token with unreadable and confusing smart contract code. * Scam. So maybe the same person deployed these contracts? # Caller tokens analysis Callers are people within the crypto community who share trade signals or "calls" (recommendations) to buy or sell specific tokens based on technical analysis or insider knowledge. This applies to both short-term trades and longer-term investment opportunities. Many callers operate under pseudonyms, making verifying their credentials or motives difficult. * **Signal**: These individuals provide buy/sell signals for coins, often using technical analysis tools like chart patterns, volume analysis, and market trends. Their followers rely on these signals to make trading decisions. * **Influential**: Some callers have a large following and can influence market sentiment by mentioning or endorsing a specific coin or project. These callers may not always have insider information, but their influence can lead to price movements. This applies mostly to low market-cap coins. **Other things to consider:** * **Risky:** The advice given by shillers or callers is often high-risk, especially in volatile, low-liquidity coins. * **Paid or Sponsored Posts:** Some shillers and even callers might be paid by projects to promote their tokens, which can create conflicts of interest. * **Manipulative Practices:** Some shillers and less ethical callers are involved in schemes that manipulate the market, where they profit at the expense of uninformed investors. We ranked the top 6 tokens by the number of times they were called in the last 30 days (data from 2024-10-22 ). The platform displayed the top 10 tokens by the amount of calls they received in Telegram channels. (By the time you read this, the top tokens had probably changed, so you can check them too. Just go and check the [Blokiments - Callers](https://blokiments.com/shillers) platform.) For simplicity, we are going to look at the first 6 tokens.
* [$BRIAN](https://blokiments.com/detailedView/ethereum?pairAddress=0xa8470ae87a3480311b55894d7cd245097e7e0d2b#Liquidity) after \~12 minutes of token being tradable, the [1000𝕏 Multi Chain](https://blokiments.com/shiller/detailedView?shillerId=18) called it first. Since then, the highest profit you could potentially make if you followed the Telegram group would be 138% ath. It currently sits at -75% of the price at which it was called. * [$QQQ](https://blokiments.com/detailedView/ethereum?pairAddress=0x1e63f5540e01665d3121a897fc0fda53baa8d6ce#Liquidity) After just \~3 minutes of the token being launched, Gambles 🎲 MadApes called the token; at the highest after the call, you could make 285% of the investment. Currently, the token has been at -81 % since the call time. * [$MSTR](https://blokiments.com/detailedView/ethereum?pairAddress=0x318ba85ca49a3b12d3cf9c72cc72b29316971802#Liquidity): After \~4 minutes of the token's launch, Ryoshi Gamble called it. If sold at the top and bought at the time of the call, it could potentially make a whopping 3600% profit. Currently, it is at 1600% of the called price. * [$NWIF](https://blokiments.com/detailedView/ethereum?pairAddress=0x11c3d6eafffab38205ae8666d380e1b5e267ef72#Liquidity), after \~2 Hours of launch, Hodler’s 💎 called it, at all-time high. Since the call, the token has been 761% up in price. It is currently at 420 %. * [$KABOSU](https://blokiments.com/detailedView/ethereum?pairAddress=0x12894df614f85ec69da432a2d4651d2fcc869a66#Liquidity) \~ Five minutes after launch, Ryoshi Gamble called for a potential 1400% price change to ath. It is now at 343 %. * [$MOTHERLODE](https://blokiments.com/detailedView/ethereum?pairAddress=0x621a20d9d33bd65caf7cce2eeae1879e7364c92e#Liquidity) again: Five minutes after the token launch, Neo Calls called the token. After the call, the token made 63% in math. It is now sitting at -92 %. By the time you read this post, the numbers might have changed. If you look at the top 6 called tokens by number of calls, you can see that most of the tokens have been first called just within minutes of the launch. 6 tokens are not enough to draw any big conclusions, but we can still observe that some tokens went up in price a lot because they were called early. Some tokens are worthless now, so not every caller will have a 100% success ratio. Also, it is worth mentioning that the selection of the tokens might be biased because many callers have called these the most, and thus, the coins have been more famous and made more % in math since the first time they were called. ### The interesting part In investigating these tokens, some things stood out. For example, why do different caller groups have the exact same messages? For example, let's check the $QQQ. This coin was called by 17 different callers. 8 of them had this exact message: > “QQQ6900 - Your quant, my quant, our quant 0x690031313d70c2545357f4487c6a3f134c434507 Our own quant but not just any quant, a 3x quant. Quant etf memecoin nasdaq, quant index crypto & quant wealthy degen. TG: X: Website: Chart: ” And these were the callers with that message. * [Gambles 🎲 MadApes](https://t.me/mad_apes_gambles) * [MegaWhales | ETH/BASE/SOL](https://t.me/MegaWhalesCalls) * [𝐁𝐫𝐨𝐨𝐤 𝐂𝐚𝐥𝐥𝐬 💀 🌂🎻](https://t.me/brookcalls) * [XclusiveETH (Official)](https://t.me/XclusiveETH) * [Maestros Gamble Degen Apes](https://t.me/Maestrosdegen) * [Neo Calls](https://t.me/NeoCallss) * [Shyroshi Gambles](https://t.me/SHYROSHIGAMBLES) * [Micha Calls / 100% Organic](https://t.me/michacalls) (If you want to check it yourself, click on [Blokiments - Gem analysis](https://blokiments.com/detailedView/ethereum?pairAddress=0x1e63f5540e01665d3121a897fc0fda53baa8d6ce#Socials) and just scroll down to the Detailed shillers table and click “show more.”) Now, repeating messages are present across different callers, not only for the $QQQ token but also for $NWIF, $MOTHERLODE, and $ KABOSHU. ### But what does that mean? It means either they were paid by the token's team to SHILL(call) the token, or maybe the Gambles MadApes was the first to find the token, and the rest of them just copied him. But since the token was called only after 3 minutes of its creation, we can bet that it was the first reason. The team behind the QQQ token had money and paid the callers to promote the token. ### So, can we trust the call groups? If you blindly follow the calls, you can be assured that you will buy the tokens from teams that have money to pay the callers to promote them. Therefore, some tokens might be 💎, and others might be just a piece of 💩. This was a quick and simple analysis of some of the most called tokens on Ethereum. It might be interesting to inspect those tokens that were shilled and made at least 1000% upward price movements. Or maybe analyze just the performance of specific callers (and perhaps expose them for something?) So stay tuned for posts like this. # In-depth token analysis This analysis provides a deep on-chain examination of selected tokens, focusing on their transactional behavior, holder distribution and key metrics driving network activity. {% hint style="info" %} The tokens featured in our analyses are chosen based on various factors, including community suggestions, trending activity, significant events, emerging doubts or concerns, and overall on-chain interest. Our goal is to explore tokens that spark curiosity or warrant deeper inspection — whether due to unusual behavior, rising popularity, or relevance to current discussions. Inclusion in this report does **not** imply endorsement or accusation; we follow the data where it leads. {% endhint %} [**🔗 Submit a Token for Review**](https://forms.gle/rsmttHmytBEtYRod7)**: If you’d like to suggest multiple tokens, simply fill out the form multiple times. Each report takes a few days to complete, so we aim to release around one report per week—sometimes more, sometimes less—depending on available time.** {% content-ref url="/pages/jgCX9aizVGXpW7oyAtH4" %} [In depth: WhiteRock Finance](/investigations/in-depth-whiterock-finance) {% endcontent-ref %} {% content-ref url="/pages/KxVfNIY5b8ET0e4NNmuk" %} [In depth: RFC](/investigations/in-depth-rfc) {% endcontent-ref %} {% content-ref url="/pages/c7fuHrjK43z8Sxdui7S6" %} [In depth: Magnetix](/investigations/in-depth-magnetix) {% endcontent-ref %} # In depth: Zebec Network A comprehensive analysis of the Zebec Network project to identify any potentially suspicious elements. {% hint style="info" %} **The investigation took place between July 10, 2025, and July XX, 2025.** {% endhint %} {% hint style="danger" %} **This report is the result of independent research and in-depth on-chain analysis. It does not classify or label any token or project as a scam or as legitimate. Our goal is to present verifiable data and blockchain insights in a clear, accessible format. Readers are encouraged to critically assess the information provided and form their own conclusions.** **Nothing in this report should be interpreted as financial or investment advice. All findings reflect the state of the blockchain and publicly available information at the time of publication. Given the fast-moving nature of the crypto industry, readers should verify whether circumstances have changed before making any decisions based on this analysis.** {% endhint %} We received numerous requests to investigate the **Zebec Network** project, with several individuals expressing concerns about its legitimacy and the growing amount of FUD (fear, uncertainty, and doubt) surrounding it. In response, we conducted a comprehensive deep dive to assess whether these claims have any factual basis. Zebec is not a new project, so there was substantial data to analyze, both on-chain and off-chain. As a result, this report may be detailed and lengthy. We aim to deliver a thorough, transparent, well-documented analysis, ensuring all findings are clearly explained and verifiable. We invite you to explore the report and evaluate the evidence for yourself. ## TLDR; TODO: at the end write a summary of the main findings * Key findings in brief * Explain why it matters: e.g., investor risks, potential manipulation, regulatory concerns ## About the project Zebec Network is a decentralized infrastructure platform designed to enable real-time, seamless movement of funds and tokens, empowering users with instant financial access and control. {% hint style="info" %} Zebec is solving the problem of slow, delayed payments by letting people get paid in real time, every second, instead of waiting days or weeks. Instead of paying someone all at once (like a salary every 2 weeks), you can stream small amounts of money every second. {% endhint %} More about the project can be found in the [official docs](https://docs.zebec.io/):

About from project (from the official docs).

Here are Zebec Network’s official websites and social media channels: * Website: * Official Docs: * X (Formelly Twitter): * Telegram: * Medium: * Reddit: Zebec Protocol, originally launched on the Solana network in 2021, is the first programmable cash flow protocol built on the platform. To help contextualize the analysis in the following sections, here is a brief timeline highlighting key milestones in the project’s development: * **November 10, 2021**: Zebec Protocol officially launches on the Solana mainnet. * **March 3, 2022**: The ZBC token, a Solana SPL token with a total supply of 10 billion, was announced and minted on **March 15, 2022**. * **April 9 – May 10, 2024**: The project rebrands from **Zebec Protocol** to **Zebec Network** and completes a token migration from **ZBC to ZBCN**, including a 1:10 token split and the burn of the old ZBC tokens. This timeline provides a foundation for understanding the evolution and current structure of the Zebec Network. The core products offered by Zebec are: * [Zebec Cards](https://card.zebec.io/): A crypto-to-fiat Mastercard debit card. It lets users instantly spend streamed or wallet-held crypto in real life. * [RWA Payments](https://www.zebec.io/products/rwa-payments): Allows users and businesses to send crypto payments continuously by the second. * [DePIN](https://www.zebec.io/products/depin): ZePIN-powered PoS systems accept crypto payments and are seamlessly integrated with Zebec’s infrastructure and next-gen payroll technology. * [Zebec Vaults](https://www.zebec.io/products/zebec-vaults): Is a secure, multi-signature, smart contract-powered financial management tool that enables individuals and Web3 businesses to manage funds and automate payments. This overview summarizes the key information provided by Zebec’s official resources. Next, we will conduct a deeper investigation into various aspects of the project to identify any suspicious activity or potential red flags. ## Company Background & Legal Overview ## Overview of team & funding history The project initially issued a token **ZBC**, raising about $28 million from private and public sales (backed by notable investors like Solana Ventures, Coinbase, Circle, and Lightspeed) Circle Ventures, Shima, and Resolute. Earlier this year, the protocol successfully raised $28M USD through its token sale from private and public investors. * Who are the VCs? * Timing of fundraises vs token unlocks vs market events * Any overlaps with wallets dumping large quantities of tokens? **March 16, 2022** * **Public token sale** raises approximately $7 million.\ [Business Wire+3Messari+3Medium+3](https://messari.io/project/zebec-network?utm_source=chatgpt.com) **February 23, 2022** * **Series A funding round** raises $15 million at a valuation of $150 million.
**August 27, 2022** * **$9 million fundraising** round led to a $1 billion valuation.\ [SoSoValue](https://m.sosovalue.com/project/zebec-network-1844233879572926466?utm_source=chatgpt.com) **May 24, 2023** * **Mainnet launch of Nautilus Chain** (later renamed “Zebec Chain”), Zebec’s modular Layer‑3 network. * The revenue of Zebec is forecasted to reach $20M by the end of 2022 with a $6M net profit. Earlier this year, Zebec partnered with Visa, joining their Fintech Fast Track Program. This partnership is one of the key reasons behind the protocol’s promising growth rate. It is the first Solana project to be admitted to the Visa program. Soon, Zebec will launch custom debit cards, allowing users to seamlessly convert their real-time liquidity to FIAT currency. The Zebec user base is expected to reach 2 million by 2024. The Solana-powered protocol also plans to start a stablecoin once the revenue reaches $1 trillion USD. * * The Zebec Token sale yielded $21 million from private sales and $7 million from public sales. Some of the most notable private investors from the token sale round include Solana, Coinbase, Circle, and Lightspeed Venture Partners. * **Legal & Regulatory Clarity** * Any known SEC/FINRA inquiries? * Jurisdiction of Zebec Labs and affiliated entities * How are they marketing the token — as a utility or investment? **Third Parties** * Who are the market makers, launchpads, PR firms? * Are any involved in past token-dumping scandals (like Web3Port)? ## Founder Background and Controversies * **Sam Thapaliya**, the founder and CEO of Zebec, has become a controversial figure due to his alleged involvement in multiple questionable schemes. * Zebec Protocol and scam founder Sam Thapaliya and Simon Babakhani- both Con artist Fraudsters using investors money to fund their lifestyle. * Change the contract many times Not burning ZBC from April as promised (Buyback program but they did not burn.) Build a new blockchain but don't raise more money (which means they have to sell the old $ZBC token) Revenue from selling Nodes is fake: they sell $ZBC and buy fake Nodes Voting rate from DAO is always >99% (they use their own tokens to vote) Their social channels (Telegram Coinmarketccap/ Coingecko/Twitter) are almost bots, they even impersonate users to chat on Telegram. * * * Movement Labs “MOVE” Token Scandal * Past Project (“Zepoch”) and Plagiarism Accusations * They are scammers, con artist using investors money to find their lifestyle of luxury
## Movement Labs “MOVE” Token Scandal * * Here's a simple summary of the Movement Labs token-dumping scandal: * **Movement Labs**, a crypto startup backed by **Trump's World Liberty Financial**, is in trouble after a major **selloff of its MOVE token** right after launch. * The company gave **66 million MOVE tokens** (worth $38 million) to a mysterious firm called **Rentech**, thinking it was part of a market-making deal with a legit company, **Web3Port**. * It turns out **Rentech was on both sides of the deal** — supposedly working for both Movement and Web3Port — which allowed it to **manipulate the price and dump tokens on the public**. * Internal documents show that **Movement’s own team warned against the deal**, calling it “possibly the worst agreement” they'd ever seen. * Despite warnings, **Movement signed a revised deal**, and Web3Port quickly sold off the tokens, crashing the price and getting **banned by Binance** for misconduct. * There's now **infighting within Movement** over who approved the deal. Co-founder **Rushi Manche**, his adviser **Sam Thapaliya**, and **Rentech’s owner Galen Law-Kun** are all under scrutiny. * Movement now claims it was **misled and is investigating**, calling itself a “victim.” **Bottom line:** Movement Labs handed control of a huge amount of its token to a shady middleman, who likely manipulated the market and dumped the tokens — and now the company is facing backlash, bans, and a full investigation. ## ## Socials * Social Media Manipulation * Telegram, Discord, X (Twitter) — sentiment, manipulation, bans? * Are complaints about rug pulls or vaporware common? * There are widespread claims that Sam and his team engage in **astroturfing and censorship** to protect Zebec’s reputation. Reports suggest that negative posts about Sam on Twitter/X get swarmed by bots – for example, one user noted a critical post receiving *2,000 “likes” but only 4 retweets*, an unusual ratio implying fake engagement meant to bury the content[coingabbar.com](https://www.coingabbar.com/en/crypto-currency-news/sam-thapaliya-founder-of-zebec-implicated-in-market-manipulation-scandal-with-galen-law-kun?srsltid=AfmBOorBGOYuMbBTFv-zPRHeFp9ZReYbD2YHbUgKFIJbcQGrS23jeSLh#:~:text=Thapaliya%20should%20not%20get%20away,with%20another%20one). In Zebec’s official Telegram, users have complained that many accounts praising the project appear to be bots or even admins posing as community members[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=but%20they%20did%20not%20burn,users%20to%20chat%20on%20Telegram). This kind of behavior is a red flag, as it indicates an attempt to suppress criticism and fabricate a false image of support. * LOL is this a joke?" The Solana-powered protocol also plans to start a stablecoin once the revenue reaches $1 trillion USD." Even Apple, the world's largest company, only makes 1/3 of that. ## Nautilus Chain * * * Nautilus Chain **launched with real technical substance** in mid-2023, but by 2024 it had faded: * It **no longer operates visibly under Zebec’s control**, now under 3Base. * There’s **no active token or trading**, meaning the ecosystem is dormant. * The innovation achieved is still valuable, but there is **no ongoing activity, traffic, or updates** — suggesting it's largely inactive now. If you're evaluating whether Nautilus Chain is still an active, standalone project from Zebec, the answer is **no**. It exists, but shows no signs of active development or token lifecycle. **Launch of a Private Blockchain (Nautilus) and Node Sales:** Zebec has been developing **Nautilus Chain**, a SolanaVM blockchain in its ecosystem[medium.com](https://medium.com/zebec-protocol/zbc-today-token-economics-update-2024-59f5f55bd58d#:~:text=Introduction%20of%20the%20Nautilus%20Chain,and%20venture%20fund%20of%20Zebec). Notably, Zebec did *not* raise new capital publicly for this venture; observers believe they funded it by selling more of the existing ZBC tokens (putting sell pressure on the market). Community members allege that Zebec touted “node” sales for Nautilus – implying people could buy validator nodes – but that this revenue was effectively circular. **According to one accusation,** Zebec would *“sell $ZBC and buy fake Nodes,”* essentially moving money from one pocket to another to claim business success[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=Fraudsters%20using%20investors%20money%20to,users%20to%20chat%20on%20Telegram). We cannot fully verify this on-chain, but the opaqueness of Nautilus’s financing and the **lack of external funding rounds** raise questions. If true, it means Zebec was **selling its tokens to itself or associates to create an illusion of revenue**, which is deceptive. * * * * StellarOrg partenrship? * * [@CertiK](https://x.com/CertiK), audit report not official? ## Partnerships * Misleading announcements or partnerships * StellarOrg partenrship? **Unconfirmed “Partnership” with Ripple:** In mid-2025, Zebec’s team created huge buzz by hinting at a collaboration with Ripple (the company behind XRP). They ran an “exclusive rewards” campaign targeting XRP holders on the Uphold exchange, even explicitly saying *“from Zebec’s ecosystem to XRP holders – with love”*[beincrypto.com](https://beincrypto.com/zebec-network-reward-ripple/#:~:text=The%20announcement%20was%20made%20via,qualify%20for%20the%20ZBCN%20reward). This promotion, combined with **rumors** (sparked by Zebec insiders) of an upcoming Ripple partnership, sent ZBCN’s price soaring nearly 300% in a month[beincrypto.com](https://beincrypto.com/zebec-network-reward-ripple/#:~:text=The%20announcement%20follows%20ZBCN%E2%80%99s%20triple,amid%20strategic%20acquisitions%20and%20partnerships). **However, to date Ripple has not confirmed any partnership**, and the rumored collaboration appears to have been exaggerated or premature[beincrypto.com](https://beincrypto.com/zebec-network-reward-ripple/#:~:text=appreciated%20%20by%20298.3,amid%20strategic%20acquisitions%20and%20partnerships). A Zebec executive eventually admitted there were only “ongoing discussions” with Ripple – no formal deal[ainvest.com](https://www.ainvest.com/news/zebec-network-surges-1-937-ripple-partnership-talks-gatenox-acquisition-2506/#:~:text=Zebec%20Network%20Surges%201.937,established%20name%20in%20digital)[ainvest.com](https://www.ainvest.com/news/zebec-network-surges-1-937-ripple-partnership-talks-gatenox-acquisition-2506/#:~:text=The%20company%27s%20Chief%20Operating%20Officer%2C,established%20name%20in%20digital). In other words, Zebec hyped a **potential** partnership as if it were real, boosting their token price on speculation. Once this hype cooled, ZBCN promptly **plunged \~37% off its high**[beincrypto.com](https://beincrypto.com/zebec-network-reward-ripple/#:~:text=One%20key%20factor%20behind%20this,has%20confirmed%20an%20official%20partnership), trapping late buyers. This pattern (hype-fueled pump followed by dump) is a classic red flag. **Other Big-Name Claims:** The Ripple episode is not isolated. Zebec has repeatedly announced or insinuated links with top-tier companies: * In May 2025, Zebec put out news of *“major partnerships with Circle, Chainlink, and Ripple,”* coinciding with a 150% token price spike[bitget.com](https://www.bitget.com/news/detail/12560604770237#:~:text=Zebec%20Gains%20Momentum%20with%20Circle%2C,Ripple%20Partnerships). It’s true Circle (issuer of USDC) and others had earlier invested in Zebec, but some suspect Zebec was repackaging basic integrations or old relationships as *new* partnerships to buoy market sentiment. * Zebec’s COO, Simon Babakhani, even mentioned “working closely with Stellar” (another payment blockchain) during a public Twitter Space, again without concrete details[linkedin.com](https://www.linkedin.com/pulse/zebec-world-tour-crypto-payroll-engine-going-global-joseph-a-razo-acydc#:~:text=Zebec%20World%20Tour%3A%20The%20Crypto,not%20only%20on%20payment). * The company also touts being in Visa’s fintech program and integrating with Mastercard for their debit card – those are real programs, but standard for many startups[bitcoinist.com](https://bitcoinist.com/money-streaming-protocol-zebec-raises-an-additional-8-5m/#:~:text=The%20revenue%20of%20Zebec%20is,revenue%20reaches%20%241%20trillion%20USD)[medium.com](https://medium.com/zebec-protocol/zbc-today-token-economics-update-2024-59f5f55bd58d#:~:text=investment%20and%20venture%20fund%20of,Zebec). The concern is that **Zebec portrays routine business development as groundbreaking alliances**, feeding a narrative that “everyone from Visa to Ripple is on board.” In reality, some of these relationships are tenuous, and none of the named blue-chip partners have made public statements endorsing Zebec’s token or its conduct. * Ondo Finance Partnership * * **Stellar Partnership** * On February 20th 2025, [Zebec announced a strategic partnership](https://x.com/Zebec_HQ/status/1892584761232642364) with @StellarOrg, marking a key step in integrating cross-border remittances into its next-generation payroll and payments infrastructure.
* Circle * * Bundesliga Sponsorship * * XRP partnership \* ## Misleading marketing and Hype Tactics Zebec Network has been repeatedly accused of **misleading marketing** – hyping up partnerships or financial plans that either never materialize or sound implausible: **Unrealistic Promises (the $1 Trillion Stablecoin):** Perhaps the most eyebrow-raising claim was in a 2022 press release: Zebec stated it *“plans to start a stablecoin once revenue reaches $1 trillion USD.”*[bitcoinist.com](https://bitcoinist.com/money-streaming-protocol-zebec-raises-an-additional-8-5m/#:~:text=net%20profit,revenue%20reaches%20%241%20trillion%20USD). For perspective, **$1 trillion in revenue** is an almost absurd target (only a handful of the world’s largest companies have ever approached that scale, and **Apple’s** annual revenue is barely one-third of a trillion). Announcing a hypothetical stablecoin at such a fantastical milestone struck many as a **huge red flag** – signaling either a lack of seriousness or a tactic to lure investors with grand visions that have no grounding in reality[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=LOL%20is%20this%20a%20joke%3F). Community members openly mocked this, with one noting that “even Apple…only makes 1/3 of that” and calling the plan a joke[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=LOL%20is%20this%20a%20joke%3F). In summary, Zebec’s marketing strategy has leaned on **bold, sometimes dubious claims** of partnerships and future plans. This has temporarily pumped the token, but each time the lack of follow-through becomes apparent, confidence erodes further. Such behavior – essentially “announcement hype” without substance – is often associated with scam projects. ## ZBC token and ZBCN migration * The team claimed this was to better represent an expanded product portfolio and infrastructure, including launching their own blockchain (Nautilus Chain) and a crypto debit card program. ## ZBCN: Tokenomics and On-Chain Review **Token function:** 1\. Zebec holders can vote on all aspects related to the management and administration of the Zebecl protocol through governance voting 2\. Staking allows ZBC token holders to use Zebec products for free 3\. Allow ZBC token holders to list tokens on Zebec debit card 4\. Token holders can enjoy dividends and other rights in the Zebec ecosystem. \ \- Holders growing analysis **Tokenomics and Distribution** * Token name, symbol, total supply * Initial allocation breakdown (team, investors, community, treasury) * Vesting schedules and lock-ups (if any) * Check wallets of founders, VCs, and partners for activity * Use tools: Etherscan, Solscan (Zebec is on Solana), DeBank, Nansen * Token migration * Token allocation & vesting * Notable wallet activity * Liquidity & trading behavior * Suspicious flows (include diagrams if possible) * Top holders investigation **Token Flows** * Analyze token movements: * From treasury to exchanges or wallets * From team/investor wallets to other addresses or CEX wallets * Look for unusual or clustered selloffs * Use wallet labeling tools to trace relationships **Smart Contracts** * Audit results: Has Zebec’s code been independently audited? * Functions related to: * Vesting * Escrow * Streaming payments (their core use case) * Any admin/backdoor functions or upgradeability? **DEX/CEX Liquidity & Trading Patterns** * Who provided initial liquidity? * Are there signs of wash trading or manipulated volume? * Unusual spikes in volume tied to announcements or unlocks? Several aspects of Zebec’s token management and on-chain activity have alarmed observers: * **Frequent Contract Changes & Rebranding:** Transparency suffers when a project repeatedly changes its token or contract. Zebec not only migrated from ZBC to ZBCN in 2024[finbold.com](https://finbold.com/zebec-announces-migration-to-zbcn-and-favorable-token-split-to-boost-network-utility-and-accessibility/#:~:text=In%20a%20significant%20strategic%20move%2C,exchanges%20today%2C%20post%20automatic%20migration), but community members note they **“changed the contract many times”** even before that[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=I%20saw%20people%20writing%20this,Telegram). Each change can obscure the trail of token distribution and make it harder to track insider holdings. The April 2024 rebrand to ZBCN (with a 1:10 token split) came on the heels of mounting criticism and even talk of a company name change to escape bad press[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=Simon%20Babakhani%20that%20is%20the,like%20whole%20new%20company%2F%20coin). While the team claimed the migration was harmless and kept tokenomics the same[finbold.com](https://finbold.com/zebec-announces-migration-to-zbcn-and-favorable-token-split-to-boost-network-utility-and-accessibility/#:~:text=Token%20Split%3A%20A%201%3A10%20token,network%20utility%20and%20improve%20accessibility), skeptics see the rebrand as a way to *“make it look like \[a] whole new coin”* and distance from past issues[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=Simon%20Babakhani%20that%20is%20the,like%20whole%20new%20company%2F%20coin). High-frequency contract swaps are generally unusual for legitimate projects. * **Unfulfilled Buyback/Burn Promises:** Zebec had previously assured its community that a portion of revenues would buy back and burn tokens (a common value-support mechanism). In fact, the team did **initiate buybacks in 2023** – by their account, they “reacquired \~300M ZBC” from the market[medium.com](https://medium.com/zebec-protocol/zbc-today-token-economics-update-2024-59f5f55bd58d#:~:text=platform%20and%20ecosystem%20expansion)[medium.com](https://medium.com/zebec-protocol/zbc-today-token-economics-update-2024-59f5f55bd58d#:~:text=Before%20this%20strategic%20pivot%2C%20Zebec,chain%20%5Bhere). However, **only 1.2 million tokens were actually burned** before Zebec reversed course[medium.com](https://medium.com/zebec-protocol/zbc-today-token-economics-update-2024-59f5f55bd58d#:~:text=The%20most%20recent%20governance%20proposal%2C,for%20platform%20and%20ecosystem%20expansion). In January 2024, a governance proposal (which passed with 90% approval) **pivoted away from burns to instead use revenue for “platform growth.”**[medium.com](https://medium.com/zebec-protocol/zbc-today-token-economics-update-2024-59f5f55bd58d#:~:text=The%20most%20recent%20governance%20proposal%2C,for%20platform%20and%20ecosystem%20expansion) This abrupt change left many holders feeling misled, as a promised deflationary policy was scrapped. Critics argue the on-chain voting was effectively controlled by the team/insiders – note that Zebec’s DAO votes often show *>90% or even \~99% support*[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=but%20they%20did%20not%20burn,users%20to%20chat%20on%20Telegram), suggesting the team’s own large token stake dictates outcomes. One user flatly stated *“they use their own tokens to vote”*, calling the DAO a sham[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=but%20they%20did%20not%20burn,users%20to%20chat%20on%20Telegram). The failure to execute burns (despite earlier announcements) is seen as another broken promise. * **Token Distribution & Dumping Concerns:** As a Solana SPL token, ZBCN’s supply and holders can be tracked on-chain. The top holders include team-controlled wallets (the token mint authority is a Zebec-controlled address)[solscan.io](https://solscan.io/token/ZBCNpuD7YMXzTHB2fhGkGi78MNsHGLRXUhRewNRm9RU#:~:text=Token%20ZBCNpuD7YMXzTHB2fhGkGi78MNsHGLRXUhRewNRm9RU,bCX3GG), and private investors from the 2022 sale. While exact dumping patterns are hard to ascribe without forensic analysis, **anecdotal evidence suggests large token transfers to exchanges around hype events.** The **Movement Labs scandal** reinforces this concern – Sam’s partner set up a market maker to unload tens of millions of tokens on retail[coingabbar.com](https://www.coingabbar.com/en/crypto-currency-news/sam-thapaliya-founder-of-zebec-implicated-in-market-manipulation-scandal-with-galen-law-kun?srsltid=AfmBOorBGOYuMbBTFv-zPRHeFp9ZReYbD2YHbUgKFIJbcQGrS23jeSLh#:~:text=report%20www,raising%20questions%20about%20internal%20oversight). Likewise, critics suspect Zebec insiders have sold into pumps like the Ripple-fueled rally. In fact, **Binance’s security team reportedly began investigating Sam Thapaliya for “fraud and dumping on retailers,”** according to one warning post[binance.com](https://www.binance.com/en/square/post/25118581395282#:~:text=Binance%20www,NOT%20working%20with%20Ripple)【0†L11-L14\*\*. (That claim appeared on social media, so it should be taken with caution, but it aligns with the overall pattern of behavior.) The bottom line is that trust in the team’s handling of tokens is very low – many believe **insiders enrich themselves at the expense of the community**. * **Opaque Operations and Exchange Delisting:** Lack of transparency in Zebec’s operations came to a head in early 2025 when **Bithumb (a major Korean exchange)** decided to **delist ZBCN**. This was a serious blow, given Korea had been a big market for Zebec (ZBC was once the second-highest traded token on Bithumb)[medium.com](https://medium.com/zebec-protocol/zbc-today-token-economics-update-2024-59f5f55bd58d#:~:text=including%20on%20Bybit%2C%20OKX%2C%20Kucoin%2C,of%20being%20among%20top%20movers). Although Zebec’s team **filed a legal challenge** to block the delisting – emphasizing their “compliance” and commitment to Korean users[coinness.com](https://coinness.com/en/news/58609#:~:text=March%2027%2C%202025%2C%207%3A39%20AM)[bitcoinworld.co.in](https://bitcoinworld.co.in/zebec-legal-action-bithumb-delisting/#:~:text=Why%20is%20Zebec%20Taking%20Legal,Action%20Against%20Bithumb) – the effort failed (a Korean court dismissed Zebec’s injunction in June 2025)[bloomingbit.io](https://bloomingbit.io/en/feed/news/86992#:~:text=,ZBCN%29%20foundation). Bithumb did not publicly enumerate all reasons, but **Korean news outlets reported that ZBCN was plagued by “unfulfilled rewards and opaque operations,”** which undermined trusteblockmedia.com. In other words, promises made to the community weren’t kept and the project’s internal dealings were not transparent. Being kicked off a reputable exchange for such reasons is a glaring red flag. (Zebec tried to spin this as an arbitrary or unfair decision[bitcoinworld.co.in](https://bitcoinworld.co.in/zebec-legal-action-bithumb-delisting/#:~:text=ZBCN%20Delisting%20Bithumb%3A%20A%20Closer,Look%20at%20the%20Specifics)[bitcoinworld.co.in](https://bitcoinworld.co.in/zebec-legal-action-bithumb-delisting/#:~:text=,in%20Korea%2C%20is%20likely%20to), but objectively, **delistings usually happen when an exchange perceives a token as too risky or the project as problematic**.) ## Red Flags Analysis Given the above points, it’s no surprise that **many investors and community members have labeled Zebec a scam outright.** On Reddit and other forums, users have shared what they see as a pattern of fraud: * **Misuse of Funds:** Commenters claim *“They are scammers… using investors’ money to fund their lifestyle of luxury.”*[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=%E2%80%A2) Photos of lavish spending haven’t been publicly shown, but the sentiment reflects a belief that Sam Thapaliya and COO Simon Babakhani prioritize personal gain over product development. Indeed, both Sam and Simon are frequently mentioned together as *“professional con artists”* in user discussions[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=Simon%20Babakhani%20that%20is%20the,like%20whole%20new%20company%2F%20coin). This perception is fueled by the string of fundraises and token sales versus the under-delivery on promises (e.g. lofty goals like $1T revenue, a “guaranteed returns” vibe in marketing, etc.)[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=Simon%20Babakhani%20that%20is%20the,like%20whole%20new%20company%2F%20coin). * **Bold Claims vs. Reality:** Community members compile lists of *“signs of a scam project”* in Zebec’s case, which include: * Changing token contracts repeatedly[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=I%20saw%20people%20writing%20this,Telegram) * Failing to execute token burns or buybacks that were promised[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=I%20saw%20people%20writing%20this,Telegram) * Initiating big projects (like launching a whole blockchain) without new funding – implying they’d *“have to sell the old $ZBC token”* to finance it[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=I%20saw%20people%20writing%20this,Telegram) * Potentially faking usage metrics (selling tokens to themselves as noted with node sales)[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=Fraudsters%20using%20investors%20money%20to,users%20to%20chat%20on%20Telegram) * **Manipulating governance** (DAO proposals passing with >99% yes, likely due to team-held tokens)[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=but%20they%20did%20not%20burn,users%20to%20chat%20on%20Telegram) * **Botting social channels** (inauthentic community activity on Telegram, Twitter, CoinMarketCap, etc.)[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=but%20they%20did%20not%20burn,users%20to%20chat%20on%20Telegram). These points, raised by multiple independent users, show a consistent picture of a project that **creates an illusion of traction and community approval**, while insiders call the shots and extract value. * **Investor Sentiment and Warnings:** Some early investors and advisors have publicly turned against Zebec. Besides Mike Dudas (who very bluntly called out Sam’s ethics[coingabbar.com](https://www.coingabbar.com/en/crypto-currency-news/sam-thapaliya-founder-of-zebec-implicated-in-market-manipulation-scandal-with-galen-law-kun?srsltid=AfmBOorBGOYuMbBTFv-zPRHeFp9ZReYbD2YHbUgKFIJbcQGrS23jeSLh#:~:text=In%20a%20now,Labs%2C%20which%20was%20later%20dismissed)), we saw **Hyperlane’s team** (a bridge provider) and others on X warning that *“Sam Thapaliya should not get away with another one.”*[coingabbar.com](https://www.coingabbar.com/en/crypto-currency-news/sam-thapaliya-founder-of-zebec-implicated-in-market-manipulation-scandal-with-galen-law-kun?srsltid=AfmBOorBGOYuMbBTFv-zPRHeFp9ZReYbD2YHbUgKFIJbcQGrS23jeSLh#:~:text=dismissed) Even **Zebec’s own strategic partner in the Movement saga, Galen Law-Kun, has faced backlash** – a lawyer mentioned in the MOVE deal publicly said he was “disturbed” by the misleading claims made by Law-Kun[coingabbar.com](https://www.coingabbar.com/en/crypto-currency-news/sam-thapaliya-founder-of-zebec-implicated-in-market-manipulation-scandal-with-galen-law-kun?srsltid=AfmBOorBGOYuMbBTFv-zPRHeFp9ZReYbD2YHbUgKFIJbcQGrS23jeSLh#:~:text=The%20market%20maker%20entity%2C%20which,Kun%27s%20general%20counsel). Within Solana circles, Zebec has become something of a cautionary tale; for example, on the Solana subreddit one user quipped that **crypto is “full of \[scams] lately” and implied Zebec is among them**[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=Suspicious_Army_904). Another wrote that Sam and his associate *“keep investors’ money and put it right in their pocket… They \[even] think of changing the company name so it looks like a whole new coin.”*[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=Simon%20Babakhani%20that%20is%20the,like%20whole%20new%20company%2F%20coin) This was written **before** the rebrand to ZBCN, which in hindsight only validates their suspicion. It’s worth noting that **Zebec’s team vehemently denies being a scam**, calling the accusations baseless FUD. They point out that no regulator has taken action against Zebec, no major VC has publicly dumped their holdings, and the project continues to release new features (e.g. acquisitions like Gatenox KYC, new advisor appointments, etc.)[99bitcoins.com](https://99bitcoins.com/news/presales/why-zebec-crypto-zbcn-not-performing-as-expected/#:~:text=Zebec%20Crypto%20recently%20acquired%20Gatenox%2C,That%E2%80%99s)[99bitcoins.com](https://99bitcoins.com/news/presales/why-zebec-crypto-zbcn-not-performing-as-expected/#:~:text=The%20community%20is%20staying%20positive,founder%20of). As of mid-2025, Zebec is still operating – it has a working app and some real users (they claim $40M+ in payroll volume and thousands of card users)[99bitcoins.com](https://99bitcoins.com/news/presales/why-zebec-crypto-zbcn-not-performing-as-expected/#:~:text=Zebec%20Crypto%20recently%20acquired%20Gatenox%2C,That%E2%80%99s). **However, “not *****yet***** rug-pulled” is a low bar for legitimacy.** Many scam projects do maintain a facade of activity and even real utility for a while. The preponderance of red flags – *especially the founder’s history and the pattern of misleading communications* – has led a large portion of the community to conclude that Zebec is, at best, **highly risky** and, at worst, a long-con that will eventually unravel. * To start the top wallets are dumping This raises the biggest red flag, why are they selling? Seems like they do it after every big pump that they seem to generate from hype and fake rumours like xrp * On their website, they got rid of one of their advisors lu who was a solana advisor. That’s kind of weird on top of that all these partnerships, but some of them are aren’t really confirmed such as Bank of America and Jp Morgan and ondo. * Why say ur in talks with xrp and say news is gonna come out in 2 weeks and nthg comes out like xrp or iso related .Anyone could build a Visa card lol * founder Sams x account in his bio he says all his retweet and likes our financial advice, but all of them are just ZBCN which makes me wonder if he knows this is gonna dump lol. Also him being known for rug pull doesn’t really help too * USDC partners disclamer * ZBEC pumped significantly due to the rumours around an XRP partnership. * Ondo and Visa announced their partnerships with them so they’re putting up their capital as wel * Ondo has them listed as a partner: Ecosystem | Ondo Finance Lighspeed invested in them: Zebec | Lightspeed | Venture Capital * Zebec Network COO Simon Babakhani spoke at the House of Lords before MPs, regulators, and compliance leaders, highlighting the path toward responsible Web3 innovation. -> fake image We researched and collected the biggest red falgs and warnings from the community, blogs and so on that weren't explicity mentioned before in theis report and try to access it each one as objective as possible. * ## Governance * -> page not working, what happended to that ## Conclusion * Overall integrity of the protocol * Risk level: Low / Medium / High * Should investors/users proceed with caution? * What needs more transparency? Zebec Network entered the scene with an innovative idea (continuous payment streams) and attracted top-tier backers, but over time it has accumulated **a litany of red flags** that are hard to ignore. These include the founder’s involvement in a $38M token dump scandal and alleged plagiarism, false or overhyped partnership claims (e.g. the nonexistent Ripple deal), grandiose promises like a $1 trillion revenue target, sudden tokenomic pivots, and signs of manipulation in governance and social media. The project’s token was even delisted by a major exchange over transparency concerns. All of this has severely damaged Zebec’s credibility. While the project is still running and has not definitively “rug pulled” as of now, the **warning signs are flashing brightly**. Prospective investors and partners should exercise extreme caution. The case of Zebec highlights how even a project that looks legitimate – with real products and big-name investors – can mask unethical practices behind the scenes. Until Sam Thapaliya and his team directly address these issues with verifiable transparency (or until an external audit/authority clears them), the safest assumption many observers make is that **Zebec Network is not to be trusted**[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=Suspicious_Army_904)[reddit.com](https://www.reddit.com/r/solana/comments/x05aad/an_additional_85_million_is_raised_for_zebecs/#:~:text=%E2%80%A2). The red flags compiled above provide a strong basis for that conclusion, as echoed by numerous voices in the crypto community. # In depth: PlayMind ## On-chain analysis of the team It's importnat tomention that the team publicly disclosed they aquired 70% of the supply which is also mentioned in the docs.
### Part 1: Preparation and Sniping Wallets Let's begin by explaining how they managed to snipe most of the token supply. A significant portion was acquired by four wallets that were clearly prepared in advance: * [Sfe71cxakuSnvmm6FccS7WW3SWoWSoLEx7eMwn7yKhu](https://solscan.io/account/Sfe71cxakuSnvmm6FccS7WW3SWoWSoLEx7eMwn7yKhu#defiactivities) * [AUyqe4cpqXi4eSntKHaxD9wNbjbCA47TJNVwLP6esb5t](https://solscan.io/account/AUyqe4cpqXi4eSntKHaxD9wNbjbCA47TJNVwLP6esb5t?exclude_amount_zero=true\&remove_spam=true\&page_size=100#transfers) * [Br8pvUvEYFTeYooUqRzAuSNH9CXVmakyWq9rH94CtWQJ](https://solscan.io/account/Br8pvUvEYFTeYooUqRzAuSNH9CXVmakyWq9rH94CtWQJ?exclude_amount_zero=true\&remove_spam=true\&page_size=100#transfers) * [BiBMEw6HVYm3wDCtYYW7cgte4siTVWMXiDoLa2znQ6wP](https://solscan.io/account/BiBMEw6HVYm3wDCtYYW7cgte4siTVWMXiDoLa2znQ6wP?exclude_amount_zero=true\&remove_spam=true\&page_size=100#transfers) **All four wallets followed nearly identical patterns, which we'll summarize collectively:** * On April 25, 2025, approximately 0.3 SOL was transferred to a separate wallet. This wallet later funded the sniping wallets on May 5, 2025, with a very small amount of SOL, just enough to initialize them. * About two weeks prior to the PLAI token launch, each sniping wallet conducted a few very small swap transactions to create a history of activity and avoid appearing as brand-new wallets.
* Just minutes before the launch, the wallets were funded with approximately 20 SOL each, coming from centralized exchanges such as Kraken and KuCoin. * These wallets then sniped the PLAI token at launch using the SOL provided. * After the snipe, the PLAI tokens were later redistributed across multiple wallets, which will be detailed in the next section.
In total, these wallets sniped approximately 62% of the total PLAI token supply, using around $13,000 USD worth of SOL at the time of the launch. You can find the full breakdown in the table below:
AddressNamePLAI SnipedCost in $
Sfe71cxakuSnvmm6FccS7WW3SWoWSoLEx7eMwn7yKhuPLAI Snipper 1302.450.461$2.542,00
AUyqe4cpqXi4eSntKHaxD9wNbjbCA47TJNVwLP6esb5tPLAI Snipper 2101.952.793$4.004,00
Br8pvUvEYFTeYooUqRzAuSNH9CXVmakyWq9rH94CtWQJPLAI Snipper 3220.408.203$3.567,00
BiBMEw6HVYm3wDCtYYW7cgte4siTVWMXiDoLa2znQ6wPPLAI Snipper 458,703,329$3.193,00
From the process outlined above, it's clear that the team began preparing the sniping wallets approximately one month prior to the PLAI token launch. In the next section, we’ll detail how the sniped tokens were subsequently transferred to new wallets, breaking down the redistribution strategy step by step. ### Part 2: PLAI Redistribution # In-depth wallet analysis Smart money wallet analysis reveals trends, strategies, and alpha signals. An in-depth crypto wallet analysis for smart money focuses on tracking high-value wallets and sophisticated investors by examining their on-chain behavior, token movements, and investment patterns to identify emerging trends, strategic positions, and potential alpha-generating opportunities. * [DQTJuBowmUGdDquduB2uUF94xHkSEAiA4fejtzMytEf7](/guides/blog/in-depth-wallet-analysis/wallet-report-1) * [j4aUumfC9BaZExfM5MDW5Sx98xBZ67YpidLLu1miJec](/guides/blog/in-depth-wallet-analysis/wallet-report-2) * 8Nty9vLxN3ZtT4DQjJ5uFrKtvan28rySiGVJ5dPzu81u * BHREKFkPQgAtDs8Vb1UfLkUpjG6ScidTjHaCWFuG2AtX * 6C1ET3KBQe1xA3RCrU1DMHWUewDc8EfFzdzX7CWXk7v8 * 4qtNfXBi3D5UM3ACjoyBJgboR2CqY9RsABxBhsUsD9wD * 6T8Yr9DUUS2R8GHevaeaZcoxA1Jku51ZBkmcM7NaZiNE * GdyzH36ksinN3y7tgc1stZVZ2KC2s8aX2Cj7YCivNuBF * 5JU6RhVoy2uKCzhLL7qUd26eKz58W7qucr9VZc35SrXP * G5nxEXuFMfV74DSnsrSatqCW32F34XUnBeq3PfDS7w5E * 4dfJdwntJqhArbBPudMMSzgt1MbKY7aNKsnF5KCkWaCo * G5nxEXuFMfV74DSnsrSatqCW32F34XUnBeq3PfDS7w5E * 2P1hysVZ1NHXvn3QjHpM4y4oD4ekuqVGWr6fsXsj4UF9 * 4zMvwz94MLcwo9TUb2FxPE1CEGBbCNRYK5mVZEfKGCWC * EiiAnQsfcruxHFkDabAmH4gzqLUZoEVwRuqEFQGP11xw # Wallet report #1 Wallet DQTJuBowmUGdDquduB2uUF94xHkSEAiA4fejtzMytEf7 * Wallet: `DQTJuBowmUGdDquduB2uUF94xHkSEAiA4fejtzMytEf7` * Report time: 12.5.2025 [This wallet](https://solscan.io/account/DQTJuBowmUGdDquduB2uUF94xHkSEAiA4fejtzMytEf7?exclude_amount_zero=true\&remove_spam=true#transfers) has demonstrated high-volume activity across three tokens with a total trading volume of $6,470,217 USD. As of May 12, 2025, it currently holds over **$1.5 million** in assets, primarily split between **two memecoins** and approximately **$270,000 in USDC**. Based on this stablecoin reserve, we anticipate further token purchases in the near term. The snapshot below illustrates the wallet’s holdings as of the reporting date.

Wallet holdings

## Funding The wallet was initially funded via the Kraken exchange on March 27, 2025, receiving 0.4 SOL and 1,130,000 USDC as the primary deposits.

Funding transactions

The wallet remained inactive for one day following the initial funding. The next day, it began actively trading, focusing primarily on three distinct meme coins. We will analyze the trading behavior for each token individually. Aside from these meme coin transactions, **no other on-chain activity** was observed. ## Fartcoin The first token traded by the wallet was [**Fartcoin**](https://blokiments.com/detailedView/solana?pairAddress=9gcyGYMNf8noa6C4MG4nTqYFk2LQ2fLKwx14ckKUGqdT) (`9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump`), with a **total trading volume of $5,733,951**. The trades can be grouped into **four distinct phases**, each following a similar pattern: the wallet first accumulated Fartcoin through a series of buys, then fully exited the position by selling the entire amount shortly afterward. This behavior resulted in a **realized loss of $118,404**. The sell-offs occurred just a few hours after each buying phase, suggesting **short-term speculation** rather than a strategic hold. As of now, the wallet holds **no remaining Fartcoin**. The trading pattern appears **unusual and poorly timed**, raising questions about the strategy behind these moves. The chart below illustrates the trading volumes alongside the token's price, providing clearer insight into the market context during these trades.
## House The second token traded by the wallet was [**House**](https://blokiments.com/detailedView/solana?pairAddress=Gj5t6KjTw3gWW7SrMHEi1ojCkaYHyvLwb17gktf96HNH) (`DitHyRMQiSDhn5cnKMJV2CDDt6sVct96YrECiM49pump`). The trading behavior here differs notably from the previous case. Since **April 8**, the wallet has been **steadily accumulating House**, with an increasingly **aggressive buying pattern in recent days**. In total, it has spent **$244,755**, making it a **significant whale** in the token with over **7.5 million House tokens** currently held. No sales have been made so far, indicating a strong accumulation phase. It remains to be seen whether the wallet will continue building its position or begin offloading tokens—and if so, when. This makes the wallet’s next moves worth watching closely.
## titcoin In recent days, the wallet began **aggressively accumulating Titcoin** (`FtUEW73K6vEYHfbkfpdBZfWpxgQar2HipGdbutEhpump`), executing multiple buys totaling **$489,510**. This accumulation coincided with a **clear upward price trend**, suggesting that **other whales may also be entering the market**. So far, **no sells have been detected**, indicating the wallet is still in the accumulation phase. It will be interesting to see how high the price climbs before a potential distribution begins. If you're a Titcoin holder, it may be wise to **set up alerts** for this wallet to stay informed of any selling activity. A guide for setting up alerts is available [here](/features/smart-money-analysis/track-wallets-in-real-time).
## Conclusion The Fartcoin trading strategy appears questionable, with poorly timed entries and exits resulting in a notable loss. However, the wallet has shown **significant and sustained accumulation** in two other meme coins—House and Titcoin—over the past few days. This aggressive positioning may signal **a potential upcoming uptrend**, especially given the scale of the investment. With over **$1 million allocated** to these tokens, the wallet may act on **strong conviction or insider knowledge**. It will be interesting to watch how this plays out and whether this whale's moves lead to outsized gains or further missteps. Either way, this wallet is worth monitoring in the coming weeks. # Wallet report #2 Wallet j4aUumfC9BaZExfM5MDW5Sx98xBZ67YpidLLu1miJec * Wallet: `j4aUumfC9BaZExfM5MDW5Sx98xBZ67YpidLLu1miJec` * Report time: 15.5.2025 Let's analyze this [interesting wallet](https://solscan.io/account/j4aUumfC9BaZExfM5MDW5Sx98xBZ67YpidLLu1miJec?exclude_amount_zero=true\&remove_spam=true#transfers), which is worth watching for upcoming moves. Currently, it holds large amounts of Fartcoin, Housecoin, USDC, and SOL. The significant holdings in SOL and USDC suggest that the wallet could prepare to make new purchases. Let's conduct a deeper analysis of its activity to understand its intentions better.

Current holdings.

## Funding The wallet was initially funded with 0.2 SOL from Coinbase on November 14, 2024, and remained inactive until January. On January 9, 2025, it received a significant deposit of nearly 80,000 USDC, also from Coinbase.

Funding event

## Token 1: Fartcoin The initial deposit was used to purchase Fartcoin. Over the following days, the wallet received deposits totaling 1,688,150 USDC from Coinbase. The majority of these funds were used to trade Fartcoin. Our analysis continues by aggregating data for this specific token. As of May 15, 2025, the wallet has realized $1,284,784 in profits from trading Fartcoin and currently holds over 2 million USD worth of the token (approximately 1.71 million Fartcoin). The chart below illustrates the buy and sell volumes in relation to the token's price. It indicates that the wallet demonstrated strong timing in its trading decisions.

Fartcoin trades.

**Summary:** * **Total Volume Traded:** 17,992,674.48 * **Total Buy Volume:** 8,353,945.33 * **Total Sell Volume:** 9,638,729.15 * **Realized Profit:** $1,284,784 * **Current Holdings:** 1.71 million Fartcoin ## Token 2: House On May 14, 2025, the wallet accumulated nearly half a million dollars worth of House Token. It will be interesting to see whether this was a strategically sound move.

House transfers

## Other tokens (fully sold) * **Bonk:** Bought for $151,954.77, sold for $53,593.63 — realized loss of \~$98,000 🔴

Bonk transfers

* **FWOG:** Bought for $182,582, sold for $248,343 — realized profit of $65,761 🟢

FWOG transfers

* **LOCKIN:** Bought for $55,944, sold for $80,000 — realized profit of $24,056 🟢

LOCKIN transfers

* **WIF:** Bought for $427,124, sold for $385,259.38 — realized loss of $41,865 🔴

WIF transfers

* **POPCAT:** Bought for $694,015, sold for $629,829 — realized loss of $64,186 🔴

POPCAT transfers

## Inflows and Outflows In the picture bellow we can see all the transfers made between the wallet and centralized exchanges.

Inflows and outflows from centralized exchanges.

Let’s begin by examining the inflows. A total of **21,520 SOL** was transferred to the wallet, currently valued at over **$3.5 million USD**. In addition, nearly **$10 million USD** worth of **USDC** was also received. Now, turning to the outflows: over **$9 million USD** in **USDC** was sent to centralized exchanges, along with **19,201 SOL**, valued at approximately **$3.2 million USD**. ## Colclusion The wallet has generated over **$1 million in realized profits**, primarily through trading **Fartcoin**. Other tokens already sold were traded in smaller volumes and with less success. Notably, the wallet recently deployed nearly **$500,000 into House Token** following a significant dip, raising questions about whether the trader might have insider insight. If you're interested in tracking the wallet's future activity, [**set up wallet alerts**](/features/smart-money-analysis/track-wallets-in-real-time) so you don’t miss any key moves. # Wallet report #3 Wallet 8Nty9vLxN3ZtT4DQjJ5uFrKtvan28rySiGVJ5dPzu81u
# Useful resources This section will list some of the **best crypto resources** (Web, Twitter, Telegram, Discord...) organized by category. Whether you're new to cryptocurrencies or a seasoned investor, these resources will help you stay up-to-date on the latest developments and connect with like-minded individuals in the crypto community. * [Twitter](/guides/useful-resources/twitter) {% hint style="info" %} The information contained herein is for informational purposes only. {% endhint %} # Twitter ## Macro news * [First Squawk](https://twitter.com/FirstSquawk): Firstsquawk Is a Global Financial (News) Squawk Service Specialising In Financial Markets. * [Insider Paper](https://twitter.com/TheInsiderPaper): Insider Paper is your source for Breaking News and Developing Stories. * [Walter Bloomberg](https://twitter.com/DeItaone) ## Macro Analysis * [Bob Elliott](https://twitter.com/BobEUnlimited) * [Joseph Wang](https://twitter.com/FedGuy12) * [AndreasStenoLarsen](https://twitter.com/AndreasSteno) * [Weston Nakamura](https://twitter.com/acrossthespread) ## Crypto News * [db](https://twitter.com/tier10k): Fastest market-moving news in crypto with sources * [Bitcoin Magazine](https://twitter.com/BitcoinMagazine): The Most Trusted Voice In Bitcoin * [timbeiko.eth](https://twitter.com/TimBeiko): Tim Beiko is a well-known and respected figure in the Ethereum community, playing an active role in Ethereum's development and governance processes. * [nicac4rter](https://twitter.com/nic__carter) ## Crypto Analysis * [Jim Bianco biancoresearch.eth](https://twitter.com/biancoresearch) * [Ryan Selkis](https://twitter.com/twobitidiot) * [Wu Blockchain](https://twitter.com/WuBlockchain) * [Lookonchain](https://twitter.com/lookonchain): Looking for smart money on-chain. ## Technical Analysis * [Bob Loukas](https://twitter.com/BobLoukas) * [HORSE](https://twitter.com/CanteringClark) * I[ncomeSharks](https://twitter.com/IncomeSharks) # Github ## Smart contract security * [Bootcamp for Smart Contract auditing](https://github.com/x676f64/secureum-mind_map/tree/master) * # Webpages ## Address Tracking * [Arkham](https://platform.arkhamintelligence.com/) ## Social Analytics * [AlphaScan](https://alphascan.xyz/) * [LunarCrush](https://lunarcrush.com/home) * [Sentiment](https://santiment.net/) * [Twitterscan](https://twitterscan.com/) * [TweetScout](https://tweetscout.io/) # About About Blokiments and hot to contact us. ## Socials * **Twitter**: * **LinkedIn**: * **Newsletter**: * **Telegram (Announcements)** - This is for important announcements and updates on the release of our tool.: * **Telegram (Community)** - This Telegram group will serve as a hub for all community members to ask questions, share insights, and connect with like-minded individuals in the world of cryptocurrency: * **Warpcast**: * **Medium:** ## Contact Email: # Privacy policy Effective Date: 31.07.2023 1\. 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#### THIRD-PARTY SERVICES The Blokiments platform may incorporate or rely on services provided by third parties for various functionalities. These third-party services include, but are not limited to, payment processing, data aggregation, and iframe integrations. Blokiments does not own or control these third-party services, and their use is subject to the terms and conditions of the respective third-party providers. #### The use of third-party services may involve the following: #### 1. Payment Processing: Payment services used for subscriptions or transactions on the Platform are provided by third-party payment processors. Blokiments does not store or control payment details, and the terms of the payment service provider will govern any payment-related issues. #### 2. Data Aggregation Services: Blokiments relies on third-party API platforms for data aggregation to provide users with comprehensive analytics on blockchain projects. The quality, accuracy, and availability of this data depend on the third-party providers. #### 3. Iframe Integrations: Certain services or data displayed on the platform may be integrated through iframes from third-party providers. The functionality and display of such content are managed by the third parties, and Blokiments cannot guarantee its continuous availability or accuracy. #### Users should be aware that any interaction with these third-party services is governed by their respective terms and conditions, which may differ from Blokiments' own Terms and Conditions. Blokiments is not responsible for any issues arising from the use of these third-party services, including, but not limited to, downtime, data inaccuracy, security risks, or disputes over payments. #### ACCESSIBILITY OF THE SERVICES To the maximum extent permitted under Applicable Law, the Services and any product, service, or other item provided by or on behalf of BLOKIMENTS are provided on an “as is” and “as available” basis, and BLOKIMENTS expressly disclaims. You waive any other warranties, whether express or implied, including implied warranties of merchantability, fitness for a particular purpose, title or non-infringement, or warranties arising from a course of performance, course of dealing, or usage in trade. Without limiting the preceding, BLOKIMENTS does not represent or warrant that the Services are accurate, complete, reliable, current or error-free, or free of viruses or other harmful components. BLOKIMENTS shall make reasonable efforts to ensure the Services are available to You. However, access to the Services may occasionally be disrupted due to necessary maintenance, technical issues, network and system overloads, or events outside BLOKIMENTS’ control. BLOKIMENTS assumes no liability. if the Services or any part thereof are unavailable at any time or for any period. You acknowledge and agree that: a) BLOKIMENTS shall not have any liability, contingent or otherwise, to you or any third parties for the correctness, quality, accuracy, security, completeness, reliability, performance, timeliness, pricing, or continued availability of the Services or delays or omissions of the Services, or for the failure of any connection or communication service to provide or maintain your access to the Services, or for any interruption in or disruption of your access or any erroneous communications between BLOKIMENTS and you, regardless of the cause; b) BLOKIMENTS shall not be liable or responsible in any way for your use of the Internet to connect to the Services or any technical problems, system failures, malfunctions, communication line failures, high Internet traffic or demand, related issues, security breaches, or any similar technical problems or defects you may experience. c) You are solely responsible for the hardware to access the Services. You are solely liable for the integrity and proper storage of any data associated with the Services stored on your hardware. You are responsible for taking appropriate action to protect your hardware and data from viruses, malicious software, and any inappropriate material. Except as Applicable Law provides, you are solely responsible for backing up and maintaining duplicate copies of any information you store or transfer through our Services. BLOKIMENTS will not be liable to you if your hardware fails, is damaged or destroyed, or any records or data stored on your hardware are corrupted or lost for any reason. You acknowledge, agree, and understand that sure of the Services (including any new filters) may be beta versions being tested at the time of release. Consequently, such Services or features may be unreliable. BLOKIMENTS does not warrant that the functionality of such Services or features will meet your requirements or that the operation of such Services will be uninterrupted or error-free. BLOKIMENTS reserves the right to discontinue, redesign, modify, enhance, or change any Services at any time and for any reason. #### SUSPENSION OF SERVICES We may, in our discretion and without liability to you, with or without prior notice, suspend or terminate your access to all or some Services in the event of Force Majeure, in case of breach of this Terms or any other case, if BLOKIMENTS would decide so based on any business reasons. Some of the events that can cause suspension or termination are: 1) attempts to gain unauthorized access to the Website or another user's Account or assisting in others' trying to do so, (2) overcoming software security features limiting the use of or protecting any content, (3) usage of the Service to perform illegal activities such as money laundering, illegal gambling operations, financing terrorism, or other criminal activities, (4) violations of these Terms, (5) unexpected operational difficulties, or (6) upon the request of law enforcement or other government agencies. In case your access to our Services is terminated, we may delete or deactivate your Account without your liability. #### DISCONTINUATION OF SERVICES BLOKIMENTS may, in our sole discretion and without liability to you, with or without prior notice and at any time, modify or discontinue, temporarily or permanently, any portion of our Services. #### INDEMNIFICATION You agree to indemnify and hold harmless each member of BLOKIMENTS and their respective directors, officers, employees, agents, contractors, and licensors (together, the “Associated Parties”) immediately upon demand from and against any claims, demands, lawsuits, actions, proceedings, investigations, liabilities, damages, losses, costs or expenses, including reasonable attorneys’ fees, in any way arising out of, about or in connection with, directly or indirectly, your or your authorized representatives: a) use of, or conduct in connection with, the Services; b) breach of these Terms or any other policy of BLOKIMENTS; or c) violation of any Applicable Law or the rights of any other person or entity. #### LIMITATION OF LIABILITY Nothing in these Terms shall exclude or restrict BLOKIMENTS or any of the Associated Parties’ liability for: a) fraud; or b) any other matter that cannot be excluded or limited under Applicable Law. Subject to the foregoing, to the maximum extent permitted by Applicable Law: a) in no event shall BLOKIMENTS or any of the Associated Parties be liable for any: i) indirect or consequential loss; or ii) loss of profit, business opportunity, revenue, or goodwill, in each case, whether arising from breach of contract, tort (including negligence), breach of statutory duty, or otherwise, arising out of or in connection with authorized or unauthorized use of the Services or these Terms, even if an authorized representative of BLOKIMENTS or any of the Associated Parties has been advised of, knew of or should have known of the possibility of such damages; and b) BLOKIMENTS and the Associated Parties’ aggregate liability in contract, tort, or otherwise (including any liability for any negligent act or omission), howsoever arising out of or in connection with the performance of its obligations under these Terms in respect of any one or more incidents or occurrences shall be limited to the total net amount of USD 1.000,00. SUBJECT TO THE PRECEDING, COMPANY'S AGGREGATE LIABILITY FOR CLAIMS BASED ON EVENTS ARISING OUT OF OR IN CONNECTION WITH ANY SINGLE USER'S USE OF THE SERVICES AND SERVICE, WHETHER IN CONTRACT OR TORT (INCLUDING NEGLIGENCE) OR OTHERWISE, SHALL IN NO CIRCUMSTANCES EXCEED USD 1.000,00. EACH PARTY ACKNOWLEDGES THAT THE FEES PAYABLE FOR THE SERVICES HEREUNDER REFLECT THE ALLOCATION OF RISK OUTLINED IN THE LEGAL RELATIONSHIP AND THAT EACH PARTY WOULD NOT ENTER INTO THE BUSINESS RELATIONSHIP WITHOUT THESE LIMITATIONS ON LIABILITY. Neither party is liable for delay in meeting its obligations due to any cause outside its reasonable control, including riot, war, malicious acts of damage, fires, electricity supply failures, and government authority and mandates. #### TERMINATION AND REMEDIES FOR BREACH OF THESE TERMS BY YOU BLOKIMENTS reserves the right to seek all remedies available at law and in equity for violations of these Terms, including, without limitation, the right to restrict, suspend, or terminate your account or deny you access to the Platform without notice. BLOKIMENTS shall be entitled to disclose information (including, but not limited to, your user identity and personal details) when cooperating with law enforcement inquiries (whether or not such inquiries are mandatory under Applicable Law) or where permitted under or otherwise compliant with Applicable Law. Any failure or delay by BLOKIMENTS to enforce any of the Terms or exercise any right under the Terms will not be construed as a waiver to any extent of our rights. #### COOKIES The Blokiments platform uses cookies to enhance user experience, analyze site traffic, and improve platform performance. Cookies are small text files placed on your device by the platform to help provide a more tailored and seamless user experience. By using the Blokiments platform, you consent to the use of cookies as described below. TYPES OF COOKIES: Essential Cookies: These cookies are necessary for the Platform to function properly. They allow users to navigate and use essential features, such as accessing secure site areas. Performance and Analytics Cookies: These cookies collect information about how users interact with the platform, such as pages visited and links clicked. This information is used to improve the Platform's functionality and performance. Functional Cookies: These cookies allow the Platform to remember user preferences (such as language settings) and provide enhanced features. Third-Party Cookies: Blokiments may use third-party cookies from external services, such as analytics providers, to gather information for performance analysis and improve user experience. Cookie Management: Users can manage cookie preferences through their browser settings. Most browsers allow you to refuse or accept cookies, delete cookies, or alert you when cookies are being sent. However, please note that blocking or deleting certain cookies may affect the Platform's functionality and limit the services available to you. Third-Party Cookies: In addition to the cookies Blokiments uses, third parties (such as analytics and advertising partners) may place cookies on your device. These third-party cookies are governed by their own privacy policies, and Blokiments has no control over them. Cookie Retention: Cookies will remain on your device for a set period or until manually deleted through your browser settings. The duration of the cookie retention period varies depending on the type of cookie used. Consent: By continuing to use the Blokiments platform, you agree to the placement of cookies on your device. You may withdraw consent at any time by adjusting your browser settings to disable cookies. #### USER CONTENT By submitting any content, including but not limited to created strategies on the Platform, proposals, graphics, text, or other materials, to or through the Platform or the Platform's social channels, you acknowledge and agree that such content becomes the property of Blokiments. You grant Blokiments a perpetual, royalty-free, irrevocable, and non-exclusive license to use, modify, reproduce, distribute, display, and create derivative works from such content. Blokiments is not obligated to provide any compensation for the content and may use it in any manner it deems appropriate, including for commercial purposes. #### COMPLAINTS AND CUSTOMER SUPPORT Users may address their complaints by contacting our support by sending an email to . We will do our utmost to resolve a reported complaint as soon as possible. While we will strive to provide the User with any information he requires accurately, any information given shall be subject to these Terms and any other terms, conditions, or rules in email format. In case of any contradictions between the information given by our support and the Terms, the provisions contained in these Terms shall prevail. #### MISCELLANEOUS Survival: Should any provision of these Terms be held void, invalid, unenforceable, or illegal by a court, the validity and enforceability of the other provisions shall not be affected. If any provision is deemed unenforceable, you agree to an amendment by BLOKIMENTS of such provision to provide for enforcement of the provisions intent to the extent permitted by applicable law. Governing Law: The Terms and any non-contractual obligations arising out of or in connection with them are governed by and construed by the laws of the Republic of Slovenia. Dispute Resolution: Subject to the Applicable Law of your jurisdiction, the courts of the Republic of Slovenia have non-exclusive jurisdiction to settle any dispute arising from or connected with these Terms (including a dispute relating to the existence, validity, or termination of these Terms or the consequences of their nullity or any non-contractual obligation arising out of or in connection with these Terms). Term and Termination: The term of these Terms shall commence on the date you start using our Services and shall end on the date you stop using the Services or upon our termination of these Terms for any reason. You may terminate this agreement with BLOKIMENTS and close your Account at any time following the settlement of any pending transactions. **CONTACT US** If you have any questions relating to these Terms and Conditions, your rights and obligations arising from these Terms and Conditions, and/or your use of the Website and the Service, your account, or any other matter, please contact .