most meme launches decide the supply first, then hunt for a crowd afterward. A study shared by @zerufinance looked at 15.2M Pumpfun coins and found the top 1% of creator addresses launched about 39% of them. when researchers linked wallets by shared funding, the top 1% of clusters made roughly 53 to 59 percent. the interesting part is how Zeru flips the order with ActivityFi. a zToken starts from an economy that already exists. verified activity earns the first seats. wash volume scores zero. miners get the early auction window. community history shapes who arrives first, instead of a small set of creator wallets owning the launch before the market even opens.