Python

What I like about @floatdotxyz: you don't have to take its word for the numbers. So I checked them, and the real test is 4 days away. CA: Bv1a7cEj5aRnJQhMw4kRQqAFesMSd5LwcDnUzq52BMmr Where it stands today: • $684.4K in total fees • $239.6K spent on FLOAT buybacks, 8.72% of supply burned • $127.6K USDC airdropped to 100 wallets • $117.9K USDC in the vault for Nov 11 • $94.4K paid to holders, $34.2K earned by creators The vault balance, the burned supply and the revoked mint and freeze authority all match onchain. That's how a launchpad should do it. The design is simple. Coins pair with tokenized stocks, pre-IPO names, privacy coins, SOL or USDC. After Raydium's cut, fees split 35% to traders, 35% to FLOAT buybacks, 15% to holders, 10% to treasury and 5% to creators. And it's accelerating. Compare their own update last night to today: • Fees: $505.8K to $684.4K • Airdrop vault: $55.2K to $117.9K • Coins launched: 1,491 to 2,126 • Graduated: 18 to 24 So 26% of all fees ever collected came in under a day. FLOAT did +99% in 24h to about $6.4M. But here's the part most people aren't looking at. Open the leaderboard. 1. The airdrop is close to a fee rebate. The estimated payout works out to about 1.3% of volume, from #1 ($295.6K volume, $3.85K) to #250 ($16.1K, $209). Creators pick a 1%, 2% or 2.5% fee. So on a 1% coin, a top 250 wallet could get back more than the fee, before slippage. The estimate will move until the drop, but the incentive is clear: some of this volume likely exists because of the airdrop. 2. Some wallets look very alike. Ranks 38 to 40 have 763 trades each, at $52.28K, $52.25K and $51.96K. Ranks 42 and 43 have 753 each. Ranks 77 to 79 have 315 each. Six wallets between ranks 134 and 141 sit at 513 to 517 trades and about $25K. That's 14 wallets and about $6.7K of estimated airdrop. It could be one farmer or it could be coincidence, and I can't prove it from this page. Float says it reviews the list before sending and it already flags bots on the leaderboard, so Nov 11 will show how strict that review is. 3. Runners are still missing. 24 graduates out of 2,126 coins is 1.1%. Since last night's update it's 6 of 635. Fees can be rented with airdrops. A coin people want to hold when no reward is attached can't. Float seems to see this too. It's now asking for feedback on a builder mode: dev fees held for 24 to 48 hours, dev supply locked, and a rugging dev's fees redirected. With creators on just 5% of the split, I think that's the right question to be asking. What else to know, most of it from their own docs, and credit for publishing it: • No outside audit yet • Upgrade authority still sits with the team's deployer key, moving to a multisig • FLOAT's own trading fees go to the dev wallet, not the split • Stock token issuers can pause or move their tokens My thesis: Float has a strong flywheel and the execution is real. But right now the flywheel is mostly proving that traders like getting paid. Buybacks run on fees, so if volume falls hard after the airdrop, the buyback falls with it. What I'm watching: • Fees in the 7 days after Nov 11 vs the 7 days before • Whether those matching wallets make the final list • One coin that holds attention with no incentive • The multisig and an audit Full disclosure: I'm building @duetordie, also on Raydium LaunchLab, so Float is a competitor and you should weigh my take with that in mind. We're also far smaller. Their buyback is automatic and ours is by hand for now, and FLOAT is about $6.4M while DUET is under $5K. We're making a different bet: the missing piece is trust. Every Duet profile has a Duet Score from 0 to 100, built from onchain trades, covering how long you hold, whether you dump on your own calls, and whether you sold your dev buy. Coins pair with anything, LP is locked through Raydium Burn & Earn, and 25% of platform fees go to DUET holders. We haven't proven that it produces runners either. That's the same test. Good for Solana either way that launchpads now have to show receipts. FLOAT chart: dexscreener.com/solana/fjk9s… Float: floatlaunch.xyz Duet: duetordie.fun Not financial advice. These coins are highly speculative and most go to zero. For more deep thesis analysis threads, follow @PythonLead

Check it yourself. $ANSEM mint: 9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump Receipt: solscan.io/account/8A9jAgATz… Claim: teapawt.net/villainmonkey/status/2… Denial: teapawt.net/blknoiz06/status/21188… For more deep thesis analysis threads, follow @PythonLead 30/30

Unknown: who owns 8A9j and AVAZ. Where $1.37M in fees went. How Sphere refunds ended. What would change this: Bubblemaps' promised exposé, if it names him with method. Sahil's promised transactions. Any 7oU9 outflow. Bubblemaps has a token. Moving as of Nov 7, 2026. 29/30

Where it stands. On the record: he promoted these coins. The first airdrop was top heavy. The Sphere ad never ran. Not shown: payment, stolen funds, or a $ANSEM sale from a wallet confirmed as his. No court or regulator action against him found; dockets not searched. 28/30

Two side plots. @WhiteWhaleLabs offered legal costs if he turned whistleblower. No evidence given, and "I hunt a bigger fish than some KOL" points elsewhere. Ansem replied with a GIF. "Scamsem at 1M" in replies means a parody memecoin's market cap, not a finding. 27/30

His answer: "no i have never done anything with sahil". In June 2024, before this fight, he wrote of "the sahil one day rugs". Sahil's version: criticism first, payment after. Those posts do not fully rule that out. I found no reply from him on the specific wallets. 25/30

Exhibit three: a chat with "Z": "Can't hard shill but we troll you". No date, no token, no amount, nothing showing Z is Ansem. He says it is not how he writes, and posts a "Sahil A" chat with only Sahil's messages. Sahil says other accounts existed. Neither settles it. 24/30

Exhibit two: 504.5 SOL (about $69k, he says) into wallet 3bzb on Jun 25, 2024, 377.43 forwarded to AVAZ. Real flows; 504.5 is two of three inflows. Ansem's link to both wallets is reported, on a tip from Sahil. An exchange withdrawal names no sender. It shows no payment. 23/30

More on 8A9j. In use since Jan 2024, regular deposits from March, before $MOTHER existed. That could be a routine cash-out route. Or not: sender 7s3v sent it 960.06 SOL in six transfers. Several payments, or one owner? I found nothing tying 7s3v to Sahil. 22/30

The first receipt. 129.5 SOL, May 28, 2024. The transaction is real. About $22k by his own figure. The recipient, 8A9j, is tagged a Binance deposit address and swept to Binance about an hour later. Only Binance could say whose. He points there too: CZ "can help doxx". 21/30

Cointelegraph called Sahil an "alleged serial scammer". Bubblemaps said linked wallets held half of JASON and dumped. About an hour before his claim he wrote he needs "one more 100M runner to retire". Discount him, don't dismiss him. If true, he admits paying to promote. 20/30

Nov 6, 14:06 UTC. @bubblemaps teases a large KOL "secretly extracting millions from his audience". No name, then or since. 15:33: Sahil (@villainmonkey) quotes it, claiming he paid Ansem about $100k to push $MOTHER, plus other coins. Transactions, he says, will follow. 19/30

Counting 7oU9, the two wallets hold 578.2M: 58%, the figure he gave in July. No large swap found from GV6UU. Smaller not ruled out. The record does not show him selling $ANSEM. That is not proof he never did. Nov 7: $0.046. Down about 90% from the high, 67% in 30 days. 18/30

Aug 1, 00:09 UTC: 490M moves from GV6UU to wallet 7oU9 after test sends. Minutes later he posts "ok funds moved". Asked if it went to Wintermute, he replies "@BitGo". Solscan tags 7oU9 BitGo. All 46 transactions on its $ANSEM account are inflows. Not one outflow. 17/30

Older case: wallet AVAZ is only reported as his (Onchain Lens, tip credited to his accuser). Its BODEN fell from 1.5M in March to zero May 10; 241k was left at his May 9 post. He posted boden May 9, 11, 15. It rebought in June. Rotation fits. He may have held elsewhere. 16/30