$Porsche: how it died

Porsche · Solana memecoin · checked 2026-11-08 23:27 UTC

First-second buyers cashed out

$Porsche lost 99.2% of its value from a high of $197.8K.

3 wallets that bought in the first moments made $5.5K, 51% of all the profit. They got in before nearly anyone else, then sold to the people who came later.

The biggest winner sold in 12 portions over 12 min, the biggest $6.3K.

$10.9Klost by 270 wallets

$11.0Kmade by 1,453 wallets

53%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

$127.5Kearly on$197.8Khigh, 7 min in$1.6K42 min 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 $11.0K ahead in total. Here's who that was.

First-second buyersBought in the first moments, before most people could see the coin$5.5K51% · 3 wallets

Wallets with free coinsSold coins GORZ never saw them buy, so the coins were probably sent to them$5.2K47% · 1,442 wallets

The creatorThe wallet that made this coin$2242% · 1 wallet

Everyone elseRegular buyers and sellers$190% · 7 wallets

How the biggest winners sold

All 5 biggest winners sold within the same 10 seconds, 13 min after the first trade.

#1 First-second buyer +$4.7K

#2 First-second buyer +$871

#3 Creator +$224

#4 Sold without buying +$25

#5 Sold without buying +$14

0m5m10m

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.

EFEe…X3W4First-second buyer+$4.7Kput in $6.2K, took out $10.9K

Sold in 12 portions over 12 min, the biggest $6.3K

F2KD…ZV72First-second buyer+$871put in $434, took out $1.3K

Sold in one go

AYZp…hiufCreator+$224put in $9, took out $232

Sold in one go

29F5…g3nkSold without buying+$25put in $0, took out $25

Sold in one go

1Kjw…ZP1pSold without buying+$14put in $0, took out $14

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 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.
In the first minuteThe creator bought their own coin. $8.67 total · now holds ~0.4% 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 minuteA big buyer came in with $1.6K. ↗
In the first minuteA big buyer came in with $3.1K. ↗
In the first minuteA big buyer came in with $6.2K. ↗
9 min inIt was down 50% from its high: $197.8K to $78.6K market cap. ↗
9 min in65 wallets sold in the same second (about $202). People don't line up that exactly by chance, so it's usually bots or one operator. It happened 2 times.
13 min inA big buyer sold everything, and came out $4.7K ahead. ↗
13 min in26 wallets sold in the same second (about $4,039). People don't line up that exactly by chance, so it's usually bots or one operator.
13 min inIt was down 90% from its high: $197.8K to $19.7K market cap. ↗
18 min in193 wallets sold in the same second. People don't line up that exactly by chance, so it's usually bots or one operator.

Did GORZ see it coming?

☠ Risky · 57/100

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

The warning signs

Launch kit: Launched with the same tool as 282 other coins; 86% 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 89% 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

Contract: 9gagM1rfB8VG9qWvejo98xnWUMtxsSg7t1KoYrxypump

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