$MERC: how it died

Merchant · Solana memecoin · checked 2026-11-04 06:28 UTC

Barely traded

$MERC stopped trading within the hour.

Only $1.6K of buying was recorded, too little to say who did what.

$139lost by 6 wallets

$134made by 14 wallets

66%of that profit went to the top 3

Next time: A market cap on a barely traded coin means little. A small buy can move it a long way. Learn more

Who made the money

Winners came out $134 ahead in total. Here's who that was.

Everyone elseRegular buyers and sellers$11385% · 11 wallets

Wallets with free coinsSold coins GORZ never saw them buy, so the coins were probably sent to them$108% · 2 wallets

First-second buyersBought in the first moments, before most people could see the coin$107% · 1 wallet

How the biggest winners sold

The biggest winners sold within the same 10 seconds 3 separate times, up to 3 of them at once.

#1 Trader +$64

#2 Trader +$13

#3 Trader +$10

#4 First-second buyer +$10

#5 Sold without buying +$8

0m1m2m3m

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.

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.

H2Qs…dTM9Trader+$64put in $267, took out $331

Sold in 6 portions over 3 min, about $56 each

6QnU…wTo9Trader+$13put in $15, took out $28

Sold in 2 portions over 37 sec, the biggest $27

CuWq…BR5UTrader+$10put in $5, took out $16

Sold in 3 portions over 38 sec, the biggest $11

EchZ…QnfjFirst-second buyer+$10put in $45, took out $55

Sold in one go

AnZQ…mG3RSold without buying+$8put in $0, took out $8

Sold in 2 portions over 38 sec, the biggest $6

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 minuteNobody rushed in during the first seconds.
In the first minuteThe creator bought their own coin. $25 total · now holds ~0.9% of supply. ↗
1 min inNew high: 2.1 times its price just after launch. ↗
1 min inIt was down 50% from its high: $1.2K to $612 market cap. ↗
2 min inIt was down 50% from its high: $10.7K to $4.8K market cap. ↗
2 min inIt was down 90% from its high: $10.7K to $1.1K market cap. ↗
4 min inIt 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.

Did GORZ see it coming?

☠ Risky · 51/100

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

The warning signs

Serial deployerThis wallet has made a lot of coins in a short time.

Creator history: 37 launches seen from this walletThis creator has launched many coins before.

Volume bot: 90% of the volume came from a few wallets buying and selling over and overWallets traded back and forth to make the coin look busier than it was.

Have they done this before?

The creator wallet: GORZ has results for 40 other coins from this wallet. 30 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: 7k1VscwqoG9fjfcjAkTDPdiUdNc7mk8rJwFQHLbAZrfJ

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GORZ grades are automatic checks of on-chain data at one moment. They can be wrong, and nothing here is financial advice. All coin checks · How to spot a rug · Safety guides · Arcade · Rug or Rocket · Paper trading