Market structure

Bundled launch wallets

One economic position is split across many addresses to imitate distribution.

Reference note · Sources below

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In this article

Overview

One economic position is split across many addresses to imitate distribution.

Wallet counts rise while common funding and coordination remain hidden.

Trace funders, timing, templates and consolidation with confidence labels.

markets

Automation, private order flow or advance knowledge captures supply in early blocks.

mastr

The public dossier supports specific red flags and rejects the claim that the displayed traders all entered on the same terms.

mastr

MASTR's reconstruction connects a distribution allocation to 107 matched sales and reconciles the USDC outflows.

chains

Why an account owner, a token owner and a human owner are not interchangeable labels.