another farm on PONS
$8,168 in. $409,400 out. two days. every transaction below is public and you can check all of it yourself.
on sep 19 at 22:13:52 utc a token called
@SafixLabs (
$SFX) launched on pons v2 on robinhood chain.
token: 0x0a574aae41da077713ba32aa05ca151c8759e2f6
launch tx: 0x75964e6b82e3ba2f53f8bb5d1bd6ab82588ff39b81636175f805611ec008267d
block: 67431702
it graduated to uniswap v4 at block 67431706. four blocks. 0.4 seconds. there was no sniper race, because the race was settled before the token existed.
the exemption list
pons taxes the first 3 seconds after launch at 99%. that tax is what stops snipers. there is exactly one bypass: an exemption list that only the creator can write to.
this launch shipped with 8 addresses already on it:
0x687ac725ff74f680dea88eb97be206911e400a93
0x09a392af0c5af14a15ca3f0bea645e3f29d6f1bf
0x631dbba0c9f2d83cc57a38f788c4a03c9f679d30
0x47204535000dfa8bfd41c3569ed0bb21180644f4
0x505120c22ac88095a1a5160039c669ae9b06e3d9
0x3582840ae56aca77859e7460fa173a4276863002
0x20b86ea503812deb0aa0e2b4bb57add11867bea3
0x661e16a5daa75166b8ff9861816fd72bc824a70c
those 8 bought in the launch block: 700,000,000 tokens, 70% of total supply, for $8,133.95. the deployer 0x027ffaf7631bd7491de017e519ad151ce10eeafb took another 1% for $33.70.
total capital deployed: $8,167.65.
the 22 second tell
all nine of those wallets, the eight buyers plus the creator, appeared on chain for the first time at 22:13:30. the launch was at 22:13:52. all nine, same second, same bundler 0xe68d0bbc023de3febda04f413db23ce9c5ea1934.
the money landed at 22:13:33, block 67431515, nineteen seconds before launch. one transfer, $8,133.95, exactly the bundle size, into a single wallet 0x09a392af…, which then executed all eight buys.
the sender: 0x52e65b17fb6e5ba00ed806f37afcd2daa50271ca. that address has 21,037,269 transfers and $9.97b of outflows to 81,030 destinations. it is the exchange's own hot wallet. they funded this straight off a kyc'd account.
the contract that does the work
four seconds after launch, at block 67431738, all 700,000,001 tokens went into:
0xb06983db4fad9cd94efbf9088c364ebcacde1214 (ponsv2pullwash)
no whitelist. no fee. no admin. no owner. what it does: you call it, it sells somebody else's tokens into the pool and buys them straight back in the same transaction, and hands you the result. the caller puts up nothing. zero capital. no signature to front run.
first four pulls, all in the same block, each with a different caller:
0xf4a2044674ccf65462b604ea5891a35f7aa1ab284a9bf575c6cc72a04e33c9d1 46,010,352 tok
0xf57274aea25fc8f7e318524c5562be37b67bb7619197cc23934b633fb3662176 39,832,930 tok
0xbb6e3afaee9d415929a1cf5b5b376d7315f5661da40c3154bc4c233330a621bc 63,365,792 tok
0x32e3c94d344aaeae56cf48b4935520f30cb0fe9f4a127c8d844aaf40d6197180 42,005,661 tok
over the next 14 hours: 65 pulls, 63 different calling wallets. sold into the pool: 1,476,886,726 tokens for $151,100. bought back: 1,439,907,867 tokens for $146,567. the contract's balance today is 0.
printed volume: $1,730,773 in two days, on a token with eight thousand dollars of real money behind it. launch hour was 58.9% self trading. a second burst on sep 20 at 12:00 hit 74.4%.
side note on the trade counter. that token shows 69,445 trades. 55,655 of them are one wallet, 0x7248ce3ab9ed1a32de932c086128313131248d4b, making zero value buys. total dollar value across all 55 thousand of them: $1. real trades are around 13,800. the counter is inflated 5x deliberately.
where the 70% actually went
it was never dumped. the relay split it, and the split is where the operation shows its hand. the 63 relay wallets are two distinct groups.
group a, 20 wallets born at 22:13:30, same second and same bundler as the snipers. holdings today: 0. realized: $2,863. they existed to absorb the first four seconds and disappear.
group b, 43 wallets funded between sep 9 and sep 18, one to eleven days before the launch. holdings today: 251,325,079 tokens, 25.13% of supply. realized so far: $100,384.
and look at how it is cut. 21 wallets hold over 10m each, every one between 1.0% and 1.15% of supply:
0x6464af778fc36aa0fbd3ebac8a63c06b0fead72f 11,513,369
0x62eefde014e93d64e3f6f4358b7784285549ef8a 11,469,290
0x332927689991abbf837e83649b1e652d3aa43b3a 11,410,182
0x6931cf373fd38175a49a32de20b74053869d1409 11,403,174
0xca1ba976413b03d1f1bb81d1da1e2bb26f248c0d 11,385,983
0xf5982543f0e15846ff56e4aa0eb23be9bd2874a8 11,359,666
0x97d6ed48904558e27e308a1699b7422bf54da5e0 11,332,936
0x90b7fb783044f5ef1a4e950144b9a0661c0be821 11,276,729
0x57a5e97fa053519097ed472baee0cc8c2f0e3502 11,242,880
0x79672ec2f5edb40b97783ef8ebaee687b9c6c10d 11,172,616
0xc86f275560cb8218b87d3e0fd72365aff24bc3e6 11,159,068
0x7b3233d5df6d7e2d568d00d4484814b69bcfdb68 11,134,681
0xd71039996229525999e752407c564b66ea00ecac 11,054,721
0x3cf9c11a0d6cb63dd0398b9fef96352f0c089cc7 11,025,359
0x5aaf2b4318185f65a06e85e2973802d411163aa8 10,988,674
0xb05ccf4b63183d1e63130712cd4b5d7d2bf98145 10,847,345
0x9b6d71abd54972c94d88ed5cefbc13ea2e7f7d95 10,837,409
0xdb2cf7579e1a93b4eb60a57a62e9ef19bd77563c 10,761,863
0xbc79e1d27319d989a36301c497de7b3be5281e24 10,726,032
0x674132a0122498026eeccf0ab7066f0ad286634f 10,601,901
0x74ce0d2c89a450a7baf30c185939e691865ece35 10,356,274
not one crosses any threshold a holder scanner flags. a quarter of the supply, invisible on every top holder list. the largest visible holder on that token sits at 8.16%, and the uniswap pool itself holds 4.37%.
that fleet is not disposable either. those same 43 wallets have traded 131 different tokens, 1,928 trades, $435,089 of volume across the chain. they were built, warmed for a week and a half, and then used once.
fees, which is the part nobody talks about
$53,081 of usdg flowed from the pool to the hook 0xe5e702641ea86f4ae6cc3cdaed2b886f976be044. that is 3.07% of printed volume, matching the 1% protocol fee plus 2% creator tax exactly.
the creator's share: roughly $47,800. still unclaimed. the only usdg that wallet has ever touched is the $33.70 it spent on its own buy.
the ledger
in: $8,168
realized by the fleet: +$103,247
bag still held, at today's px: +$258,404
creator fees waiting: +$47,800
------------------------------------------
out ≈$409,400
50 to 1
and the token is fine
0.00000337 at the first trade. 0.00023 at graduation. 0.00103 right now. 4.5x above graduation, 1,126 holders, still trading hard on day three.
that is what makes this worth studying instead of dismissing. nobody got rugged. buyers are up. the chart looks organic. the entire cost of manufacturing that outcome was eight thousand dollars and one week of wallet preparation.
three tells, each checkable in under a minute
1. wallets that first appear on chain seconds before the launch they buy
2. a nonzero exemption count on a launchpad that taxes snipers
3. tokens moving into a contract instead of being sold
they got two of the three right. the one they got wrong was free to avoid: twenty of their relay wallets were born in the same second, from the same bundler, as the snipers. that single fact ties the fleet to the launch permanently.
tokens are not the product on these launchpads. volume is. the bag made $103k. the fee stream made $47k off two days of printed volume and it keeps accruing whether the price goes up or down.
whoever runs this is not trading. they are running a business.