$STEP: how it died
BIG STEP · Solana memecoin · checked 2026-11-13 12:18 UTC
$STEP lost 98% of its value from a high of $78.8K.
GORZ only keeps every trade for 2 days, and this coin died too long ago for a full money trail, so this report only has the key moments.
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 minuteThe creator bought their own coin. $4.8K total · now holds ~71.2% of supply. ↗
- In the first minute6 wallets bought in the first seconds and got about 0.5% of all the coins.
- 2 min in6 wallets sold in the same second (about $224). People don't line up that exactly by chance, so it's usually bots or one operator. It happened 5 times.
- 21 min inIt was down 50% from its high: $78.8K to $39.2K market cap. ↗
- 22 min in14 wallets sold in the same second (about $1,106). People don't line up that exactly by chance, so it's usually bots or one operator.
- 23 min inIt was down 90% from its high: $78.8K to $7.8K market cap. ↗
- 24 min in77 wallets sold in the same second (about $4,408). People don't line up that exactly by chance, so it's usually bots or one operator. It happened 3 times.
Did GORZ see it coming?
☠ Risky · 39/100Yes. A few minutes after launch, GORZ rated it Risky.
The warning signs
Sniper bots: 5 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.
Bundle tool: 6 wallets from earlier launch bundles bought in the first 3 secondsA 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: 6 wallets sold within the same secondMany wallets selling in the same second usually means bots or one operator, not separate people.
Top 10 holders: Hold 71% 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.
Contract: J5eFeG3dtihdvwFiXLmTgfa6fghFNEqvNLaKkNyppump
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