KillerBunny

$BMONEY on-chain, day 40. Every transfer and swap since launch read from the chain (468,217 transfers, 121,250 swaps), data through Oct 1, 21:59 UTC. Market cap $1.23M, down 29% on the day. The day's range tells you more than the close does: $1.06M to $2.19M. The thing traded in a band more than twice as wide as where it ended, on $74K of volume. The pool is down to 0.90 BTCB, about $151K --> the first time it has been under one BTCB --> and it still has never been pulled. Two days ago I said I was watching whether the top 50 would stay still while the middle of the book finished leaving. I have an answer, and it is no. Measured properly, with each group fixed at the start of its window: over the last seven days the top 50 are down 8.3%, and ranks 51 to 500 are down 6.0%. That is the reverse of what I posted on Sep 30, when the middle was bleeding roughly twice as fast as the top. Ranks 51–500 have slowed --> 90 of those wallets went to zero this week, against 83 the week before --> while the top 50 picked up. The exception is still the very top. The ten largest wallets are down 0.4% over seven days and 0.6% over the last 72 hours, with seven of the ten not moving a single token and a net pool flow of minus two thousand dollars. They have now sat essentially still through a 34% drawdown in two days. Since Sep 8 nothing in the overall shape has changed: the 500 largest of that date have net sold $823K, everyone else net bought $906K. Wallets as a whole are still positive over that window, +$83K. What actually drains the pool is the 1% tax contract --> $147K since Sep 8, and 4.38 BTCB, about $367K, since launch. Bots and pass-through contracts took another $45K. It is the one seller that never stops and never buys. The never-sold core is thinning, slowly. 217 of today's 500 have still never sold, holding 340.1M tokens at an average entry of $3.19M market cap against $1.23M now. But of the 213 that had never sold a week ago, 40 have sold since. 4,608 wallets hold it, 41 fewer than yesterday. What I'm watching next: whether the top 10 breaks its silence, and whether the pool holds under 1 BTCB with the tax still taking its cut on every trade. Descriptive on-chain analysis at wallet level. Not financial advice.