The creator bought 88.8% of supply in its first 74 seconds and sold all of it back at 160 seconds. That is 98.3% of all trading.
DELPHI flagged this coin (named "Bitcoin", symbol BTC, both set by the creator) for wash trading. Its creator, 0x9332…3184, bought 888.3M tokens in three buys right after launch, paying 1,011,000 USDC. It sold all of them in one trade 160 seconds after launch for 1,000,918.59 USDC. That one round trip is 98.3% of all tokens traded, so the trading volume mostly shows one wallet trading with itself, not real demand. Besides the creator, 5 wallets made 10 small trades. Only 2 wallets hold tokens now, together 0.16% of supply.
What DELPHI saw
- At launch (0 seconds), creator 0x9332…3184 bought 392.8M tokens (39.28% of supply) for 10,000 USDC. It bought 12.6M more (1.26%) at 56 seconds for 1,000 USDC.0xd6d5…af58 ↗0x2dfc…723e ↗
- At 74 seconds the creator bought another 482.9M tokens (48.28% of supply) for 1,000,000 USDC. In total it held 888.3M tokens, 88.8% of supply.0xa678…8eb8 ↗
- At 160 seconds after launch, the creator sold all 888.3M tokens in one trade for 1,000,918.59 USDC. Under 90 seconds passed after its last buy. It now holds 0 tokens.0x7e2f…6ad7 ↗
- DELPHI counts these 4 creator trades as fast round trips, meaning tokens bought and sold back within 5 minutes. They make up 98.3% of all tokens traded across the coin's 14 trades. The FLAG threshold is 50%.0xd6d5…af58 ↗0xa678…8eb8 ↗0x7e2f…6ad7 ↗
- All other trading was small, mostly 5 to 100 USDC per trade. Wallet 0x88A0…e526 bought and sold 1.75M tokens in the same transaction, using two different pools. That is arbitrage, and DELPHI does not count it as wash trading.0x1663…c56f ↗0x88a5…0b09 ↗
- Only 2 wallets hold tokens now. 0xCd6F…C733 has 1.08M tokens and 0x2A52…7a73 has 0.61M, together 0.16% of supply. The hidden-concentration check needs 5 holders, so it could not run.0xe980…15c0 ↗0x88a5…0b09 ↗
Keep in mind
- The launch-bundle check came back clear, and DELPHI found no links between any wallets on this coin. So the large launch buy is counted only as part of the wash-trading finding.
- Hidden concentration could not be checked: it needs 5 holders and this coin has 2. Wallets hold only 0.16% of supply, and the data does not show where the rest sits.
- This is testnet, and DELPHI reports patterns, not intent. Buying and selling right away can also come from someone testing the launchpad.
Written by Claude (claude-opus-5-5) on 22 Oct, 22:29 UTC, from DELPHI delphi-v0.3 data. DELPHI reports patterns, not intent: check every claim against its transactions. All coins