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LAPTOP: the completed 49-sale record

A profitable early buyer must be distinguished from a pre-allocation recipient, and a completed ledger from an early subtotal.

MASTR research · completed record, 9 September 2026 · 2 min read

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In questo articolo
  1. Entry and exit
  2. Why the updated total matters
  3. Profit does not identify the information source
  4. Fonti e originali

Entry and exit

Wallet 0xa5019cf0224d21d41437d3cd7648d39a5868282f entered at 12:02:47 UTC. The route converted 100 ETH into 249,845.124233 USDC and bought 9,124.194831475459447911 LAPTOP. The token-specific history then records 49 sales disposing of that entire position by 12:25:57.

The first sale occurred 12 seconds after entry. It sold exactly 20% of the acquired tokens, returned 93.660692466640593138 ETH and left 80% of the position. Those execution conditions help explain why a follower copying the wallet later would face a materially different trade.

Why the updated total matters

An earlier pass covered 34 sale receipts and found 176.426416848525751609 ETH. The follow-up added 15 receipts containing another 306.939386103578954263 ETH. The complete total delivered to the subject wallet was 483.365802952104705872 ETH.

Subtracting the observed 100 ETH entry-route input gives a trading surplus of 383.365802952104705872 ETH before gas and other unestablished costs. This replaces the earlier partial surplus. Both main payments and smaller payments to the same subject wallet are counted where present; payments to other recipients are excluded.

Profit does not identify the information source

This wallet is an observed market buyer. The evidence does not turn it into a proven pre-allocation recipient. Fast execution and a large return alone cannot establish a private tip or common control with the issuer.

A final dollar profit would additionally require consistent execution-time ETH pricing and all relevant costs. The ETH ledger is useful without inventing that number. Its broader lesson is methodological: finish the sales record before treating a running subtotal as the result. See PnL reconciliation and why copied trades produce different outcomes.

Fonti e originali

Letture correlate

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