$SLUDGE: how it died

The rise and fall

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 $17.3K ahead in total. Here's who that was.

How the biggest winners sold

The biggest winners sold within the same 10 seconds 3 separate times, up to 2 of them at once.

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.

Sold in 5 portions over 5 min, about $370 each

Sold in one go

Sold in one go

Sold in 3 portions over 4 min, the biggest $483

Sold in 6 portions over 5 min, the biggest $293

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 minute18 wallets bought 31% of the supply in the first 3 seconds. Buying this much this fast rarely happens by chance.
• In the first minuteThe coin was created. ↗
• In the first minuteThe creator bought their own coin. $275 total · now holds ~9.8% of supply. ↗
• In the first minute12 wallets bought in the first seconds and got about 22.6% of all the coins. 11 of them bought in the same instant the coin was created, which takes planning.
• In the first minute10 wallets sold in the same second (about $571). People don't line up that exactly by chance, so it's usually bots or one operator. It happened 2 times.
• 10 min inIt was down 50% from its high: $53.1K to $25.4K market cap. ↗
• 12 min in23 wallets sold in the same second (about $568). People don't line up that exactly by chance, so it's usually bots or one operator. It happened 2 times.
• 15 min inIt was down 90% from its high: $53.1K to $5.3K market cap. ↗
• 16 min in14 wallets sold in the same second (about $305). People don't line up that exactly by chance, so it's usually bots or one operator. It happened 2 times.
• 24 min inThe launch bundle has sold 100% of what it bought. Those coins were bought cheapest, so they can be sold at a profit almost all the way down.
• 24 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?

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

The warning signs

Have they done this before?

• The creator wallet: GORZ has results for 82 other coins from this wallet. 53 of them died within an hour.

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

How players called it

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

Recent checks