The first blocks
Most of what a launch will become is visible in its first minute: who bought, how fast, and with what money.
Chapter 3.
Most of what a launch will become is visible in its first minute: who bought, how fast, and with what money.
Bundles and snipers
Supply bought in the launch block or blocks by wallets that share a funder or a block is counted as bundled. 5% or more is flagged, 15% or more weighs more. Five or more buyers in the first seconds after the pool opened are flagged as snipers.
Timing alone does not prove a private bundle was submitted to a block builder; that needs a relay or transaction source the scan does not have. What the scan shows is the measured share and the wallets behind it.
Fresh wallets and shared gas
A fresh wallet has almost no history before it bought. When 40% or more of the top holders are fresh, the method flags it. When four or more wallets got their first ETH from one source within two blocks, they are flagged as gassed together.
Fresh wallets have ordinary explanations too: new users, privacy habits, a trader rotating addresses. The flag records the pattern; the funding trail is where you test it.
TERMS IN THIS CHAPTER Launch bundle. Supply bought in the launch block(s) by wallets sharing a funder or a block. · Sniper. A wallet that bought in the first seconds after the pool opened. · Fresh wallet. A wallet with almost no on-chain history before it bought. · Gassed together. Wallets that got their first ETH from one source within two blocks.