nick
@nickysap
I hate to say it but the Solana trenches are rinsed. The $pop wallet that FSH'd ~$22k was slowly selling over the past 24 hours after receiving multitudinous inbound transfers of the token from a number of accounts, all in denominations equivalent to roughly $950. This is a typical strategy to obfuscate the source of funds (Slerf tools has easy to use and cheap functions for this). The wallet never made a purchase of the actual token, it only received the tokens for free. It got impatient and dumped everything it held. Over the course it was more than 35% of the total supply of the token.
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colfax
@clfx.eth
gambled on this one, even after seeing the top wallet holding ~15% of the supply at the time, all received. dumb af rip
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Pichi
@pichi
Thanks for digging into this!
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Hogan Prison no 619
@hoganthereformed
Sorry but what’s FSH’d? Thanks for the breakdown
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Koen Djaru
@kdjaru
Nicky would you know if the app opened the warplet to any vulnerability?
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Icetoad 🍕 🎩 🐈
@icetoad.eth
Bundling scam
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MARA01
@mara01
Whoever the person is was 3 steps ahead, lol
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Ael
@0xael.eth
Messed up. I hope we get some transparent tools to spot red flags like this early.
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Victor 🎩🚴↑
@victoctero
And I was “worried” about not getting the airdrop 🙀 It’s just ironic that I was asking the @ popfi account while it just happened the last down on the chart
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Brandon Yoshizawa 🎩🔵💎
@bay-photography
Thanks tor the details
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ken
@tipsysquid
this is the research I was hoping for
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Angelus
@angelus.eth
I do well on the solana trenches, nonstop printing, now there is more money than ever, is not a solana problem, sadly the farcaster ecosystem is so little it's very hard to make a project to grow...
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antaur
@antaur.eth
wow thanks for the forensics. I feel humbled as I am letting this sink in - how little I still know about the mechanics and ways to rug smart. what is also sinking in is that devs are prepared to rug EVEN when they have the chance to build a successful app here. build 12k followers. had instant launch success. Reading the many replies to many casts here proves my thesis: people insta loved it, and for many who don't have big angel investment bags like me or peers, this could have been a meaningful and easy way to make a few bucks a week which they would have used in other apps - like their own flywheel. hard lesson for me ngl and the worst part is that after the burn I 2x my position - by selling $DAU
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Erikx 🧬
@erikx
Thank you for this.
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noice
@noicebot
https://app.noice.so/?castHash=0xf49510c659052bf7afb07f2e96ab191864fece42×tamp=1754613027371
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