$REF: how it died

Referrals · Solana memecoin · checked 2026-11-05 18:51 UTC

First-second buyers cashed out

$REF stopped trading within the hour.

9 wallets that bought in the first moments made $1.6K, 91% of all the profit. They got in before nearly anyone else, then sold to the people who came later.

The biggest winner sold in 2 portions over 19 sec, about $554 each.

$1.8Klost by 61 wallets

$1.8Kmade by 23 wallets

87%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

$5.7Kearly on$5.7Khigh, in the first minute$2.5K22 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 $1.8K ahead in total. Here's who that was.

First-second buyersBought in the first moments, before most people could see the coin$1.6K91% · 9 wallets

Everyone elseRegular buyers and sellers$1649% · 14 wallets

How the biggest winners sold

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

#1 First-second buyer +$1.4K

#2 Trader +$74

#3 First-second buyer +$72

#4 First-second buyer +$49

#5 Trader +$31

0m1m2m3m4m

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.

GZft…uUQKFirst-second buyer+$1.4Kput in $263, took out $1.6K

Sold in 2 portions over 19 sec, about $554 each

9QAE…rgLLTrader+$74put in $133, took out $207

Sold in 2 portions over 25 sec, the biggest $185

8XGW…SBZ8First-second buyer+$72put in $155, took out $227

Sold in one go

BTxH…GuZ1First-second buyer+$49put in $165, took out $213

Sold in one go

Fm1N…sFFETrader+$31put in $87, took out $118

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 minute17 wallets bought in the first seconds and got about 44.7% of all the coins. 13 of them bought in the same instant the coin was created, which takes planning.
In the first minute22 wallets bought 48% of the supply in the first 3 seconds. Buying this much this fast rarely happens by chance.
In the first minuteThe creator bought their own coin. $89 total · now holds ~3.5% of supply. ↗
In the first minute6 wallets sold in the same second (about $445). People don't line up that exactly by chance, so it's usually bots or one operator. It happened 3 times.
17 min inThe launch bundle has sold 79% of what it bought. Those coins were bought cheapest, so they can be sold at a profit almost all the way down.

Did GORZ see it coming?

☠ Risky · 0/100

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.

Launch bundle dumpedA 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.

Creator history: 26 launches seen from this walletThis creator has launched many coins before.

Sniper bots: 2 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.

Have they done this before?

The creator wallet: GORZ has results for 5 other coins from this wallet. 5 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: E3YrymNvL4t1zRs1D5fJZFsPabJqyi8v63PP35kQpump

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