five days ago i said either they're done at 8m or the next step is 7m.
it's 7m. but the interesting part isn't the number.
the first three tranches went storage → trading wallet → pool, 54 to 81 seconds apart. on aug 12 the storage wallet skipped the middleman entirely: signed the approve itself, called the router, sold 1,000,000 in a single transaction for 2.305 ETH.
seven minutes later that ETH left the chain. 2.29 into USDG, deposited into the relay bridge. every previous round of proceeds stayed on-chain and got recycled into other tokens. this one didn't.
both wallets have been silent since. three days and 17 hours.
and it was the weakest sale of the four: 2.305 ETH per million against 2.48, 2.40 and 2.57 before it.
one more thing i didn't expect. pulling the full five-day set instead of just the top holders, the storage wallet isn't even close to the biggest seller. it's 8th. the largest is 0x7777777bcb976a2255c7feaa594f70d9fa7edf10, out 6.5m, and on aug 13 it sold in three tranches of exactly 1,000,000 each. same step, same round number. i'm not claiming a link, i haven't checked funding or overlap. just noting it.
storage 0xD7a19C64BD02A586d6919214756E1652e08a5217
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spent the day reading the $WALLET contract instead of the chart. the code holds up better than i expected.
no owner. not renounced, never written. there is no pause, no blacklist, no fee switch, no limit setter. nobody can freeze your wallet or tax your transfer because the functions don't exist.
no mint. supply is 1b, fixed in the constructor, permanent.
not a proxy. it cannot be upgraded into something else later.
the deployer took zero tokens. initialBuyAmount = 0, current balance 0. the entire billion went into the pool as one single sided position in the launch block. first buy came 47 blocks later, same terms as everyone.
and the liquidity lock is the part worth understanding. it isn't a timelock with an unlock date. the LP nft sits in a locker contract with no decreaseLiquidity, no transferFrom, no withdraw, no selfdestruct, and it isn't a proxy. there is no function that gets it out. the position hasn't moved since launch.
one thing that isn't clean: LP fees route entirely to the launchpad, and the 80% burn split is enforced by an unverified contract, not by code anyone can read. that owner can redirect it whenever. last burn was july 11, none since.
so: the token itself has no rug mechanics built in. the risks here are market risks, thin liquidity and fading volume, not contract risks.
that's a real distinction and most people never check which one they're holding.
buy on GMGN:
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