Almost half of PumpSwap's top volume is fake. Maybe more. ➡️ Here is the machine: The 200 PumpSwap pools with the most volume in 24 hours: $785M. $358.6M of that (45.7%) comes from 62 pools that all look the same: - around 2,000 buyers, but only around 30 sellers - $5M to $10M volume each - built by hand, not one of them is a https://t.co/QXqoP4X9Jk launch - the same names again and again: $KYTRO 9 times, $MONTRA 9, $X 8, $AICoin 6 - all 62 built within 22 hours - 56 already empty, still on the list with millions in volume 16 of the top 20 look exactly like this. ➡️ $KYTRO. One pool. Every transaction. - 09:45:20: coin and pool created in one transaction, 84.99 SOL in - same block: a 10 SOL buy, signed by the buyer AND the creator - next 80 minutes: 8,252 transactions where 2 wallets trade with each other. One buys, one sells, both sign - 20 wallets do all of it. Their signatures tie them together, and the creator signs with 2 of them - they move 126,368 SOL back and forth. That's the "$10.7M volume" on your screen - 11:05:21: the creator takes 485.32 SOL out. Pool dead ➡️ Who paid his 400 SOL? - the 20 wallets he signs with: 398.92 SOL - all 1,975 other wallets together: 4.16 SOL - biggest loss outside the 20: 0.60 SOL - https://t.co/QXqoP4X9Jk's fee: 61.2M $KYTRO and 0 SOL Read that twice. They paid themselves. Even the fee was paid in their own coin. $10.7M volume, 2,000 "buyers" and a top 5 spot on PumpSwap, for almost nothing. They faked the chart you pick coins from. ➡️ And it's not one pool. 7 pools, checked from build to withdrawal: - same build, same exit, 1 to 3 hours each - 3,502.97 SOL in, 6,294.01 SOL out - the same wallets trade in pools with different names - the same co-signers build pools with different names Different names. Same crew. ➡️ "Those are just market makers." No. - a market maker trades with real buyers and sellers wallets. Here both sides of the trade sit in the same transaction, signed by 2 wallets of the same group - a market maker doesn't create the coin, own all the liquidity and pull it after 80 minutes - in $KYTRO there was no market to make: 1,975 outside wallets traded 4.16 SOL in total - a market maker doesn't relaunch the same coin again and again. 9 $KYTRO pools in one day, the same 3 wallets trading in all 6 I checked Market makers bring liquidity for traders. This brings volume for a chart. "Volume bots". Half of PumpSwap. ➡️ And 45.7% is the strict count. Take every pool in the top 200 with 60 sellers or fewer in 24 hours: 109 pools, $469.3M, 59.8% of the volume. Millions in volume, a few dozen sellers. That's not a market. In September I showed you a pool factory: pools built by hand, liquidity in, liquidity out, gone within hours. Now this kind of pool is almost half the volume chart! ➡️ Why you should care Volume decides what you see: trending lists, "top volume", bots, copy traders. They all read this number. Almost half of it is a script trading with itself. Who runs this and why, the chain doesn't show. Yet. Every pool, wallet and transaction: next post. https://t.co/I29IfEtsAH Research and trading terminal