$CNX: how it died

CNX · Solana memecoin · checked 2026-11-09 16:40 UTC

First-second buyers cashed out

$CNX lost 97% of its value from a high of $47.3K.

26 wallets that bought in the first moments made $491, 69% of all the profit. They got in before nearly anyone else, then sold to the people who came later.

The biggest winner sold in 5 portions over 4 min, about $135 each.

$2.4Klost by 16 wallets

$714made by 37 wallets

57%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

$38.3Kearly on$47.3Khigh, 4 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 $714 ahead in total. Here's who that was.

First-second buyersBought in the first moments, before most people could see the coin$49169% · 26 wallets

Wallets with free coinsSold coins GORZ never saw them buy, so the coins were probably sent to them$14420% · 2 wallets

Everyone elseRegular buyers and sellers$7811% · 9 wallets

How the biggest winners sold

2 of the 5 biggest winners sold within the same 10 seconds, 1 sec after the first trade.

#1 First-second buyer +$187

#2 Sold without buying +$136

#3 First-second buyer +$84

#4 First-second buyer +$39

#5 First-second buyer +$21

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How to read it: each line is one of the biggest winners, from the coin's first trade on the left. Each dot is one sale, and a bigger dot is more money. Dots at different times look like separate people deciding on their own. A red line marks 2 or more of them selling within the same 10 seconds. Most dead coins have a moment like that, often when the price starts to slide and trading bots sell at once. It stands out more when the same wallets keep lining up, sale after sale. GORZ can see the timing, not who owns the wallets.

2 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.

HvVw…KNcwFirst-second buyer+$187put in $472, took out $659

Sold in 5 portions over 4 min, about $135 each

FcA5…z3H1Sold without buying+$136put in $0, took out $136

Sold in one go

6Z91…VtAbFirst-second buyer+$84put in $258, took out $342

Sold in one go

G4ee…WD77First-second buyer+$39put in $142, took out $181

Sold in 2 portions over 3 min, about $83 each

6cRj…qbSZFirst-second buyer+$21put in $135, took out $156

Sold in 2 portions over 44 sec, about $41 each

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 minute17 wallets bought in the first seconds and got about 4.5% of all the coins. 7 of them bought in the same instant the coin was created, which takes planning.
In the first minuteThe creator bought their own coin. $5.9K total · now holds ~74.3% of supply. ↗
In the first minuteIt left its starting curve and moved to a public trading pool. Many buyers treat this as a good sign, so it often brings a rush of new money.
In the first minute6 wallets sold in the same second (about $311). People don't line up that exactly by chance, so it's usually bots or one operator. It happened 4 times.

Did GORZ see it coming?

☠ Risky · 46/100

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

The warning signs

Sniper bots: 6 wallets that snipe hundreds of launches bought in its first 2 blocksFast bots grabbed coins before regular people could, usually to sell them straight back.

Snipers: 17 wallets bought within 3 slots

Bundle tool: 16 wallets from earlier launch bundles bought in the first 3 secondsA 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.

Wallet swarm: 7 wallets sold within the same secondMany wallets selling in the same second usually means bots or one operator, not separate people.

Have they done this before?

The creator wallet: GORZ has results for 3 other coins from this wallet. 1 of them died within an hour.

A pattern in public on-chain data, not a claim about who owns these wallets.

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

Contract: 6vNCAYWcVipwZBM6gpN83QF99TmzPsvkrQXrNu36pump

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