$Nike: how it died

Nike · Solana memecoin · checked 2026-11-03 02:21 UTC

First-second buyers cashed out

$Nike lost 99.2% of its value from a high of $235.2K.

9 wallets that bought in the first moments made $6.5K, 47% of all the profit. They got in before nearly anyone else, then sold to the people who came later.

The biggest winner sold in 9 portions over 37 min, the biggest $6.6K.

$13.2Klost by 289 wallets

$13.7Kmade by 2,018 wallets

50%of that profit went to the top 3

Next time: Check how much of a coin was bought in its first seconds. The more they hold, the harder the fall when they sell. Learn more

The rise and fall

$118.2Kearly on$235.2Khigh, 21 min in$1.7K1.0 hr in

Market cap = the coin's price × all its coins. It's what the coin looks worth, not money anyone can actually take out.

Who made the money

Winners came out $13.7K ahead in total. Here's who that was.

Everyone elseRegular buyers and sellers$6.7K49% · 1,957 wallets

First-second buyersBought in the first moments, before most people could see the coin$6.5K47% · 9 wallets

The creatorThe wallet that made this coin$3292% · 1 wallet

Wallets with free coinsSold coins GORZ never saw them buy, so the coins were probably sent to them$1781% · 51 wallets

How the biggest winners sold

1 of the 5 biggest winners sold a bit at a time. That keeps the price from dropping all at once, so new buyers keep coming in while it happens. Selling everything in one go hits the price harder.

2jGp…4VxWFirst-second buyer+$6.5Kput in $5.5K, took out $12.0K

Sold in 9 portions over 37 min, the biggest $6.6K

6FCj…zRGFCreator+$329put in $9, took out $338

Sold in one go

3pxk…icvQSold without buying+$85put in $0, took out $85

Sold in one go

J4Kh…ThUSSold without buying+$18put in $0, took out $18

Sold in one go

5wMt…XkF2Trader+$17put in $1, took out $18

Sold in one go

Counted from the trades GORZ captured. One person can run many wallets, so a group's real share can be bigger than it looks. A pattern in public on-chain data, not a claim about who owns any wallet.

What happened, step by step

Recorded as it happened. ↗ opens the transaction on the blockchain.

In the first minuteThe coin was created. ↗
In the first minuteThe creator bought their own coin. $9.09 total · now holds ~0.4% of supply. ↗
In the first minuteA big buyer came in with $1.6K. ↗
In the first minuteA big buyer came in with $3.3K. ↗
In the first minuteA big buyer came in with $5.5K. ↗
In the first minute3 wallets bought in the first seconds and got about 39.3% of all the coins. All of them bought in the same instant the coin was created, which takes planning.
20 min in6 wallets sold in the same second (about $42). People don't line up that exactly by chance, so it's usually bots or one operator. It happened 2 times.
22 min inIt was down 50% from its high: $235.2K to $101.0K market cap. ↗
24 min in78 wallets sold in the same second (about $181). People don't line up that exactly by chance, so it's usually bots or one operator. It happened 2 times.
38 min inA big buyer sold everything, and came out $6.5K ahead. ↗
38 min in127 wallets sold in the same second (about $4,531). People don't line up that exactly by chance, so it's usually bots or one operator.
38 min inIt was down 90% from its high: $235.2K to $23.4K market cap. ↗

Did GORZ see it coming?

☠ Risky · 47/100

Yes. A few minutes after launch, GORZ rated it Risky.

The warning signs

Launch kit: Launched with the same tool as 114 other coins; 92% of those dumpedIt was launched with a tool also used on other coins, and that record counts against it.

Bundled supply: 39.3% bought in the creation slotA big share was bought the moment the coin went live, before anyone else had a chance. Those buyers can sell into everyone who comes later.

Team bundle: The creator's own team bought 24.2% of supply at launch with 2 wallets (outside snipers not counted)

Top 10 holders: Hold 88% of supplyA small number of wallets held a big share, so a few sellers could sink the price.

What these words mean

Creator: The wallet that made the coin. You'll often see it called the "dev".
Sniper or first-second buyer: A wallet, usually a bot, that buys in the first moments of a launch.
Bundled launch: Several wallets buying in the same instant the coin is created. It takes planning, so it's often the people behind the coin.
Market cap: The coin's price × all its coins. A $50K market cap doesn't mean $50K can be taken out.
Graduated: The coin sold enough on its starting curve to move to a public trading pool.
Lost and made: Money in compared with money out for each wallet. Coins still held count as worth nothing, because the coin is dead.
Died: Within an hour of GORZ's check, it fell 80% or more, or trading stopped while it was worth almost nothing.

How players called it

Nobody called this one. New coins show up in Rug or Rocket every few minutes.

📈 Live chart & safety ☠ Call new coins 🕹 Arcade

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