$Conviction: how it died

What if we all held · Solana memecoin · checked 2026-11-07 18:35 UTC

First-second buyers cashed out

$Conviction lost 91% of its value from a high of $28.6K.

10 wallets that bought in the first moments made $3.9K, 48% of all the profit. They got in before nearly anyone else, then sold to the people who came later.

The biggest winner sold in 4 portions over 2 min, about $305 each.

$12.5Klost by 345 wallets

$8.0Kmade by 138 wallets

35%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

$8.1Kearly on$28.6Khigh, 3 min in$18.0K8 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 $8.0K ahead in total. Here's who that was.

First-second buyersBought in the first moments, before most people could see the coin$3.9K48% · 10 wallets

Everyone elseRegular buyers and sellers$3.3K42% · 122 wallets

The creatorThe wallet that made this coin$6758% · 1 wallet

Wallets with free coinsSold coins GORZ never saw them buy, so the coins were probably sent to them$1232% · 5 wallets

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 First-second buyer +$1.2K

#2 First-second buyer +$853

#3 First-second buyer +$740

#4 First-second buyer +$690

#5 Creator +$675

0m1m

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.

3 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.

FDri…3zxeFirst-second buyer+$1.2Kput in $425, took out $1.6K

Sold in 4 portions over 2 min, about $305 each

5FwY…VxhvFirst-second buyer+$853put in $204, took out $1.1K

Sold in 2 portions over 47 sec, about $485 each

6aV6…p13SFirst-second buyer+$740put in $266, took out $1.0K

Sold in 2 portions over 45 sec, about $376 each

Bx7a…a7vFFirst-second buyer+$690put in $133, took out $823

Sold in 2 portions over 40 sec, the biggest $642

2Xfc…tQLFCreator+$675put in $177, took out $852

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 21.1% 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. $177 total · now holds ~6.6% of supply. ↗
In the first minute7 wallets sold in the same second (about $314). People don't line up that exactly by chance, so it's usually bots or one operator. It happened 7 times.

Did GORZ see it coming?

⚠️ Caution · 32/100

Partly. A few minutes after launch, GORZ rated it Caution: some warning signs, but not its worst rating.

The warning signs

Pump frenzy: most coins like this crash within the hourIt had surged fast, and coins that surge like this tend to crash soon after.

Bundled supply: 21.1% 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.

Wallet swarm: 13 wallets sold within the same secondMany wallets selling in the same second usually means bots or one operator, not separate people.

Team bundle: The creator's own team bought 21.1% of supply at launch with 3 wallets (outside snipers not counted)

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: E2bi5DsKoVy9f9pWqtfxqCfqKPHXDu8ywkhiipLmpump

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